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Austrian Securities Market and Stock Exchange News and Analysis
Read the latest headlines and breaking news about the Vienna International Stock Exchange and the Austrian securities market (bonds, stocks)
Poland: PKO BP Cuts Down on Business in Ukraine
The Polish top lender PKO BP’s Ukrainian affiliate Kredobank closed four of its six branches in Crimea in the past two weeks.
March 18, 2014
Hypo Group Redeems Loan
Even though the Austrian nationalized Hypo Group urgently needs state aids to get by bondholders will be compensated for their investments.
March 17, 2014
Austria: Delay in RBI Paying Back State Capital
Austrian Raiffeisen Bank International (RBI) will take longer than planned to pay back state capital.
March 15, 2014
Immofinanz: Buwog’s Spin-Off Approved
In an extraordinary shareholder meeting, the spin-off of residential real estate affiliate of Immofinanz was approved by the shareholders.
March 14, 2014
DiTech: Insolvency Postponed
Heavily affected computer equipement trader DiTech has to postpone filing for insolvency proceedings, which was planned today at the Commercial Court in Vienna.
March 14, 2014
Slovenia: Banking Sector Still Prone to Risks
The Slovenian banking sector is still prone to risks as the number of non-performing loans was not reduced substantially.
March 14, 2014
Hypo Group: Decision Has Finally Been Made
The government has finally made a decision. Ailing Hypo Group Alpe Adria will be downsized through a private bad bank.
March 14, 2014
CEE: Investments to Boost Economic Growth
In the coming two years economic growth in Eastern Europe is expected to accelerate to an average of two to three percent of GDP triggered by a boost in investments.
March 13, 2014
Austria: DiTech to be Taken Over by Investor
Insolvent computer equipment trader DiTech is supposed to be taken over by a German investor with Polish roots.
March 13, 2014
Austria: Bawag to Pay Back State Capital
Bawag is expected to pay back the entire public participation captial tomorrow. The assets are urgently required for recapitalizing Austrian problem bank Hypo Group.
March 13, 2014
Austria: Who Will Pay for Hypo Group?
In the dispute around who is to pay for problem bank Hypo Group Alpe Adria Chancellor Werner Faymann intends to negotiate with the Austrian provinces about a contribution to the bank levy.
March 13, 2014
RBI Rejects Rumors of Delayed Pay-Back of State Aids
RBI is expected to pay back € 1.75bn in public state aids.
March 12, 2014
Poland: Bank Pekao with Ambitious Plans
Polish lender Bank Pekao intends to reduce costs and risks, and raise the number of clients by around one million until 2020.
March 12, 2014
Poland: Changes in Monetary Policy to Come Gradually
Polish macroeconomic conditions support a stabilization of monetary policy, according to Anna Zielinska-Glebocka, member of the Monetary Policy Council.
March 12, 2014
Bank Austria to Focus on Growth Markets in the Future
Because of the high value of write-offs Bank Austria, CEE affiliate of Italian UniCredit, had to face record losses amounting to € 1.6bn. CEO Willibald Cernko, however, does not consider the bank having made any mistakes in the past.
March 12, 2014
Austria: Banking Secret for Foreigners to be Abolished Forever
From 2017 on, the banking secret for non-Austrian residents will be abolished completely.
March 11, 2014
Poland: PKO BP to Sell Parts of Consumer Loan Portfolio
This year, the largest lender in Poland intends to sell a part of its consumer loan portfolio in the amount of PLN 2.3bn to 2.5bn.
March 11, 2014
Austria: Hypo Group Disaster with Exorbitant Costs
The extent of the disaster of Austrian problem bank Hypo Group Alpe Adria only starts to unfold bit by bit. A further capital injection of € 750m is needed only for the ailing bank to complete its balance sheets.
March 11, 2014
Poland: Share of Impaired Loans Increasing
The number of impaired loans in the non-financial sector keeps on increasing.
March 10, 2014
Austrian Bank Secret Remains Until 2017
Austrian Finance Minister Spindelegger will present proposals for amendments of the EUSD tomorrow.
March 10, 2014
Austria: Painful Austerity Measures Ahead
The Austrian public debt level grows massively. The disaster of the nationalized Balkan lender Hypo Group Alpe Adria is not the only reason for the unfavorable situation.
March 10, 2014
Austrian Banking Sector Fears New Crisis in Russia
For both Bank Austria and Raiffeisen Bank International, the crisis in Ukraine is an enormous threat. What is more, Russia might develop into a serious danger for foreign banks.
March 8, 2014
S&P: Hypo Group Bankruptcy Would Trigger Downgrade in Austrian Banking Sector
In case of a bankruptcy of the nationalized bank Hypo Group Alpe Adria, the three largest Austrian banks Erste Group, Bank Austria and Raiffeisen Zentralbank might be downgraded by one or two notches.
March 8, 2014
Hungary: OTP Bank’s Profits Vanished by Provisions and Taxes
A decrease on the operating profit, increasing risk provisions and taxes drained almost all profits made in the fourth quarter last year.
March 7, 2014
Moody’s Raises Outlook on Austrian Banks
Rating agency Moody’s has raised the outlook on five Austrian Banks.
March 7, 2014
Poland: Rabobank Polska Gives up BGZ
Dutch financial institute Rabobank wants to get rid of BGZ.
March 6, 2014
Czech Republic: Economic Growth Speeding up
In the last quarter in 2013 the Czech economy grew faster than anticipated and even outdid all other EU member countries.
March 6, 2014
Serbia: Share of NPL Increases Dramatically
The share of bad loans in Serbia has increased to 21.3 percent.
March 6, 2014
VBAG to be completely Nationalized?
According to experts, VBAG is the only Austrian bank which will not pass the stress test. In this case, there are only two alternatives: liquidation or full nationalization.
March 6, 2014
Poland Reconsiders Joining Eurozone
The current political crisis in Ukraine is also causing turmoil at the Polish financial markets letting the national currency drop significantly against the Euro.
March 5, 2014
S&P: European Banking Sector Faces Worse Ratings
According to the rating agency, the public support for the European banking sector is essential in many cases. Without financial support, banks might be downgraded.
March 5, 2014
VBAG to Sell Romanian Subsidiary
The Austrian partly nationalized VBAG has started the sale of the loss-making Romanian affiliate.
March 5, 2014
UNIQA Insurance Group New in the ATX
The ATX Committee decided to include the two companies, UNIQA Insurance Group and Flughafen Wien to the ATX today.
March 5, 2014
Poland: Takeover of Nordea Bank Polska Granted
PKO BP, leading bank in Poland, was given green light by the financial market regulator KNF to take over Nordea Bank Polska, as announced in a statement by KNF.
March 4, 2014
Poland: Banks Expected to Preserve Ratings
According to US rating agency Standard&Poor;’s, Polish banks will be able to keep their credit ratings this year.
March 4, 2014
Hypo Group: Decision about Downsizing Expected Soon
At the beginning of next week the final report for the planned downsizing of Hypo Group will be presented.
March 4, 2014
Slovenia: NLB to Break Even in 2014
As part of the restructuring plan, the Slovenian bank is closing branch shops all over the country and downsizing its personnel.
March 4, 2014
Raiffeisen Bank International Postpones Sale of Ukrainian Affiliate
Due to the extremely tense situation in Ukraine, the second-largest lender in CESEE (Central, Eastern and Southeastern Europe) has stopped the sale of Aval Bank.
March 3, 2014
Poland: Lending Activity to Increase Significantly
Lending activity in the Polish finance sector is expected to increase significantly this year.
March 3, 2014
„Austria Needs an Excellent Minister of Finance“
Andreas Treichl, CEO of the third-biggest lender in Central, Eastern and Southeastern Europe expressed subtle doubt as to whether Michael Spindelegger is the right person for the job.
March 2, 2014
Fitch Keeps Slovak Rating Unchanged
Slovakia´s issuer default rating was kept unchanged at “A+”. The outlooks remain stable.
March 1, 2014
Treichl: „Not Afraid of Hypo Group Bankruptcy“
Andreas Treichl, CEO of Vienna-listed Erste Group does not think that a potential bankruptcy of the nationalized lender Hypo Group Alpe Adria would affect Erste Group´s rating.
March 1, 2014
Uniqa: „We Will Not Leave Ukraine“
Andreas Brandstetter, CEO of the Austrian insurance group is “highly satisfied” with the Ukrainian affiliate.
March 1, 2014
Hypo Group: Five Potential Buyers for CESEE Affiliates
Alexander Picker, CEO of the nationalized bank Hypo Group Alpe Adria, is optimistic that the affiliates in the Western Balkan countries may be sold until the end of 2014.
March 1, 2014
Moody´s Confirms Austria´s Rating Despite Hypo Group Disaster
The rating agency has reiterated Austria´s top sovereign debt rating. Moreover, the outlook was upgraded from “negative” to “stable”.
March 1, 2014
Polish Currency Suffers from Instability in Ukraine
The Polish Zloty has become weaker because of the political instability in Ukraine.
February 28, 2014
Erste Group: Profits Decline
Erste Group posts net profit of EUR 61.0 million in 2013 and improves capital ratios.
February 28, 2014
Poland: PKO BP Takes over Nordea’s Insurance Division
Polish financial market regulator KNF has finally approved the takeover of life insurance company Nordea TUnZ by PKO BP.
February 27, 2014
Austrian Banks with Significant Exposure in Ukraine
Ukrainian crisis hits Western Banks in different state compared to 2008/09, according to RBI.
February 27, 2014
Hypo Group: New Figures Added to Number Games
The number games in regard to Hypo Group’s downsizing to not seem to cease. New figures will be released by the bank’s task force at the beginning of next week.
February 27, 2014
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