Read the latest headlines and breaking news about the Vienna International Stock Exchange and the Austrian securities market (bonds, stocks)
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Austrian Securities Market and Stock Exchange News and Analysis

Fricke: “Man Needs Relatively Little Bank”

Fricke, chief economist at the European Climate Foundation and author of “Wie viel Bank braucht der Mensch?" (How much bank does man need?)

April 15, 2014

“Bank Rescue is a Crime”

Martin Ehrenhauser, leading candidate of the Austrian electorial alliance “Europa Anders”, which is running for the EU elections, has voiced harsh criticism about the saving of financial institutes.

April 14, 2014

Slovenia: Head of NLB Throws in Towel

On Friday France Ahar, President of the supervisory board of the biggest lender of Slovenia, state-controlled NLB, handed in his resignation.

April 14, 2014

Uncertainty in Eastern Europe Makes RBI Nervous

In the last few months, the frame conditions in Russia become more and more unpredictable for foreign investors. For RBI, Russia is the most important market.

April 12, 2014

Hypo Group Alpe Adria: Massive Losses in Italy

Last year, the distressed Austrian lender recorded losses in the amount of € 2.7bn. In Italy, losses were highest.

April 11, 2014

Raiffeisen Zentralbank Posts Better Results

The Viennese lender RZB, top institute of the Austrian Raiffeisen sector, posts a significant increase in net income. Nevertheless, the core tier 1 capital quota was down slightly.

April 11, 2014

Slovenia: Banka Celje Trying to Fend Off Bailout

The Slovenian lender is considering a capital increase to avoid national bailout.

April 11, 2014

Austria: VBAG Sells Malta Affiliate

Partly nationalized VBAG (Österreichische Volksbanken AG) has sold its banking affiliate VB Malta to Maltese Mediterranean Bank (MedBank).

April 11, 2014

Poland: Number of Consumer Loans Increases

According to Polish credit bureau BIK, the number of granted consumer loans has reached a new record.

April 11, 2014

Hypo Group: Disastrous Losses Revealed

Huge write-offs and value adjustments have sent losses of nationalized problem Hypo Group Alpe Adria soaring. Losses running into the billions are expected.

April 10, 2014

Poland: Key Rate Kept on Hold

The Monetary Policy Council of Poland has kept the key interest rate on hold since it ended easening in July last year.

April 10, 2014

Poland: NBP Posts No Profits

In 2013 the Polish National Bank (NBP) posted no profit.

April 10, 2014

Austria: Immofinanz to Remain in ATX Five

As announced on 4 March 2014, the ATX committee discussed about the future membership of Immofinanz AG in the ATX five.

April 10, 2014

Austria: Hypo Group Capitalized Again

The Austrian state has filled the capital hole of the ailing bank again.

April 9, 2014

Erste Group to be Relocated to the Czech Republic?

CEO of Erste Group, Andreas Treichl, has informed Czech President Milos Zeman about the bank’s intention to move to Prague in the coming years.

April 9, 2014

Hypo Group: Former CEO Sentenced to Prison

Former CEO of Hypo and investor Tilo Berlin was sentenced to more than two years in prison.

April 9, 2014

Poland: BZ WBK to Take Over Santander Consumer Bank

Bank BZ WBK was given the go-ahead by the Financial Market Regulator KNF to acquire a 60 percent stake in retail bank Santander Consumer Bank (SCB) from their joint parent bank Banco Santander.

April 9, 2014

Fitch: Polish Rating Foundations Very Solid

As reported by news portal “Warsaw Voice”, rating agency Fitch considers the Polish credit rating foundations to be very solid.

April 8, 2014

Hypo Group too Expensive for BayernLB

According to an official expert, regional German lender BayernLB’s fatal decision to take over Hypo Group Alpe Adria was based on questionable company evaluations.

April 7, 2014

RBI Awarded Best Bank in CEE Once Again

Global Finance Awards: RBI again “Best Bank in CEE”.

April 7, 2014

Hypo Group: Heavy Burden for Austrian Fiscal Position

The Austrian National Bank, however, expects the structural medium-term budgetary objectives to be achievable.

April 7, 2014

RBI to Shut Down Affiliates on Crimea

The Ukrainian affiliate of Raffeisen Bank International (RBI) is closing all its affiliate on Crimea until mid-April.

April 7, 2014

ECB Puts Pressure on Hypo Group

The distressed Austrian nationalized lender has no access to the Eurosystem monetary policy credit instruments. About ten potential buyers might be interested in the Balkan lender.

April 5, 2014

Treichl: „The U.S. Have Solved the Crisis Better“

Andreas Treichl, CEO of the Vienna-listed lender Erste Group, thinks that everything takes too long in Europe. The communication between banks and the government is insufficient, Treichl says.

April 5, 2014

Serbia: Vucic New Prime Minister

The chief of the Serbian Progressiv Party (SNS) Aleksandar Vucic will be nominated by the Serbian President Tomislav Nikolic as the new Prime Minister.

April 4, 2014

Austria: Carinthia Reluctant to Pay for Hypo Group

The Austrian province of Carinthia rejects contributing to the downsizing costs of nationalized Hypo Group. Finance Minister Spindelegger insists on € 500m and threatens with sanctions.

April 4, 2014

Bosnian Billionaire to Acquire Hypo Group?

The Finance Ministry confirmed the announcement and is now examining the offer.

April 4, 2014

Poland: PKO BP to Help Finance Ukrainian Enterprises?

The biggest financial institute in Poland could get involved in a project financing Ukrainian businesses.

April 4, 2014

RBI: Economic Recovery Despite Geopolitical Tensions

Economic upswing vs. geopolitics.

April 4, 2014

VIG: Takeover of Donaris Successful

Acquisition of the Moldovan insurer Donaris completed

April 3, 2014

Hungary: OTP Approaches Acquisition of MKB

MKB, the Hungarian loss-making affiliate of German regional lender BayernLB, is approaching its acquisition by the biggest lender OTP.

April 3, 2014

CEE: Economy Could Become More Vulnerable to Crimea Crisis

If the political crisis in Crimea aggravates negative effects in the economy could soon become evident.

April 2, 2014

PKO BP Closes Takeover of Nordea

According to the Polish Bank, the takeover of the Polish affiliate of the Swedish banking group is concluded.

April 2, 2014

Poland: Banks Post Profit of PLN 25bn

In the financial year of 2013 Polish banks posted profits of more than PLN 25bn, as reported by Polish daily Dziennik Gazeta Prawna citing figures by the Polish Financial Market Regulator KNF.

April 2, 2014

Austria: Fitch Warns Banks of Risk with Business in Russia

The menacing sanctions against Russia with regard to the political crisis in Crimea could become a severe danger for Austrian banks.

April 1, 2014

Czech Republic: Banks’ Net Profits Decline

The majority of large banks operating in the Czech Republic have to face profit losses for the business year 2013.

April 1, 2014

Vienna Insurance Group in Ukraine: Strong Start to 2014

Double-digit premium growth.

April 1, 2014

Poland: PZU to Take over RSA’s Baltic Branch?

Polish insurance company PZU intends to take over the Baltic assets of British ailing insurer RSA.

April 1, 2014

Austria: Economic Recovery Remains Modest

Political clouds over economic recovery.

April 1, 2014

Hypo Group: Settlement Rejected by BayernLB

The majority stockholder of BayernLB, the former parent company of Hypo Group Alpe Adria, is not willing to negotiate about a settlement with the Austrian problem bank.

April 1, 2014

KA Finanz: No More State Aids Necessary

The nationalized Austrian bad bank has finished the loss-making sale of credit default swaps. In the last six years, KA Finanz has downsized radically.

March 29, 2014

RBI to Keep Hungarian and Ukrainian Affiliates?

Raiffeisen Bank International (RBI) considers keeping its affiliates in Hungary and Ukraine.

March 27, 2014

RBI: Profit Shrinks by Almost A Quarter

RBI with consolidated profit of € 557 million Austria’s most profitable bank for the fourth time.

March 27, 2014

Hungary: 20th Consecutive Interest Rate Cut

The Hungarian central bank has cut the key interest rate by 10 basis points to 2.6 percent.

March 26, 2014

Slovenia Looking for New Investors

In an attempt is looking for new investors the small Eurozone member country is starting a series of roadshows in Europe starting from Monday.

March 24, 2014

Poland: PKO BP Considers Expanding Worldwide

The biggest lender in Poland PKO BP is weighing up international expansion

March 24, 2014

Hypo Group: New Supervisory Board President

Herbert Walter becomes head of the nationalized Austrian Balkan lender Hypo Group Alpe Adria. According to Austrian Finance Minister Michael Spindelegger, Hypo Group needs even more capital injections.

March 24, 2014

Moody´s Downgrades Bank Austria

The U.S. rating agency Moody´s takes a closer look at European banks. Due to the worsening asset quality of Bank Austria´s parent company UniCredit, Bank Austria´s rating was cut to “Baa2”.

March 22, 2014

Hypo Group: More than One Billion Required?

As reported by Austrian radio station Ö1, part of the Austrian Broadcasting Corporation ORF, ailing Hypo Group Alpe Adria will require € 1.1bn this year from the state.

March 21, 2014

Final Time-Out for Austrian Bank Secret

During the EU Summit the final time-out for the Austrian bank secret for foreigners was decided. Both Austria and Luxembourg agreed to give up their banking secrets.

March 21, 2014