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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)
ECB Does Not See Danger of Deflation
Benoit Coeure, member of ECB’s supervisory board, does not see the danger of deflation in Europe.
November 25, 2013
Poland: IMF Corrects Growth Forecast Upward
Growth forecasts for next year were increased by 0.3 percent by IMF.
November 25, 2013
Austria: Decent Economic Outlook
Despite an economic acceleration, the macro-economic frame conditions remain difficult in 2014. A major risk factor is the fiscal situation.
November 24, 2013
Slovenia: Stress Tests Result Published on December 13
Bostjan Jazbec, governor of the Slovenian National Bank (SNB), is optimistic that no Slovenian bank will have to be liquidated.
November 23, 2013
Czech Demand for Housing Loans Still Grows
While demand for consumer loans was down, demand for housing loans is still on the rise. In total, loan growth decelerates.
November 23, 2013
Romania Faces Upgrade
Next year, Romanian sovereign bonds may be upgraded by Standard & Poor´s.
November 23, 2013
Czech Republic: CNB Facing Investigations
Czech Senator Dryml ordered the head of counter-intelligence service (BIS) Jiri Lang to initiate investigations against the Czech National Bank (CNB).
November 22, 2013
Croatia: Amendmends to Cosumer Credit Law
Interest rates on housing loans pegged to Swiss Franc dropped by 30 percent.
November 22, 2013
Pressure on Slovenia Dampens
After Slovenia´s governing coalition has won the vote of confidence, the yield on Slovenian sovereign bonds is going down slightly.
November 22, 2013
Hungary: Further Cuts to Come
György Matolcsy, governor of the Hungarian National Bank MNB, stresses that there is room for further base rate cuts.
November 21, 2013
VIG and Bulgaria Are Causing Headache Each Other
The Austrian insurance group VIG has sold the Bulgarian pension fund to an unknown investor. Bulgaria´s government wants to reverse the sale.
November 21, 2013
Eurozone: Nouy New Manager of ECB’s Banking Suvervision
Daniele Nouy will become the new head of the ECB’s banking supervision.
November 21, 2013
EBRD: Eastern Europe “Stuck in Transition“
The European Bank for Restructuring and Development (EBRD) warned that Eastern Europe and the countries of the former Sovjet Union could remain “stuck in transition”, which is the titel of the current report.
November 21, 2013
Austria: Cernko Favors Participation in Bad Bank
CEO of Bank Austria Willibald Cernko is in favor of Austrian banks participating in a bad bank for Hypo Group Alpe Adria.
November 21, 2013
Slovenia: Share of NPLs Increasing Dangerously
The share of non-performing loans (NPL) in the Slovenian banking sector has increased to 17.4 percent. Losses of the country’s financial institutes are significantly worse on a year-on-year comparison.
November 21, 2013
RBI: Fresh Money for Slovenian Subsidiary
Raiffeisen Bank International, the third biggest lender in CESEE, injects € 10m into the Slovenian subsidiary.
November 21, 2013
Hungary: Banks Penalized for Lobbying
The Hungarian competition authority GVH has imposed a penalty running in the millions on domestic and foreign banks.
November 20, 2013
Albania: Governor Calls For Measures for Balanced Financial System
Financial institutes in Albania are struggling with a weak demand in credits as the country has been affected by the economic and financial crisis.
November 20, 2013
Hypo Group: Investors Claim Refunds
A group of aggrieved investors in Hypo Group Alpe Adria files claims for damages. These so-called small investors provided amounts from € 30,000 to € 300,000 and feel disadvantaged compared to bigger investors.
November 20, 2013
Raiffeisen Bank International: Sale of Hungarian Affiliate No Taboo Anymore
As reported by Vindobona, Vienna-listed RBI is examining offers for the Hungarian subsidiary. For RBI, Hungary is the biggest loss-maker.
November 20, 2013
PKO to Take over Nordea Bank Polska
The biggest Polish Bank PKO Bank Polski will submit an offer to the minority shareholder of Nordea Bank Polska
November 19, 2013
Capital Shortfall at European Banks
According to Boston Consulting Group, European Banks still have much work to do.
November 19, 2013
Romania: Banks Keep Risk Margins Unchanged
In spite of the recent cut in the key rate to an all-time low of four percent the financial institutes will not loosen risk policies.
November 19, 2013
RBI Examines Sale Offers in Hungary
Apart from the withdrawal from Ukraine, Raiffeisen Bank International (RBI) considers an exit from Hungary.
November 19, 2013
OECD: Restructuring of Banks Required
The Organization for Economic Cooperation and Development (OECD) calls for a fast progress in the establishing of a banking union in the Eurozone and restructuring of the banking sector to boost economic growth.
November 19, 2013
Nowotny: Must Avoid Bubble in CESEE
In order to avoid another asset bubble like in 2008, loan growth has to be monitored, governor of Austrian National Bank Ewald Nowotny says.
November 19, 2013
Hungary: NPLs at Record High
The number of NPLs has reached a new record high, according to MNB.
November 18, 2013
Raiffeisenbank Bulgaria Provided with Loan by EBRD
The European Bank for Restructuring and Development will provide Raiffeisenbank Bulgaria EAD with a new loan totaling € 15m.
November 18, 2013
Nowotny: Economic Recovery not as Strong as Expected
According to Ewald Nowotny, governor of the Austrian National Bank (OeNB), indicators point toward a slow recovery in the next quarters.
November 18, 2013
Slovenia Issues New Eurobonds
The issuance of a new bond in the amount of € 1.5bn on Friday came as surprise as Prime Minister Alenka Bratusek has annouced earlier no such measures will be made until the beginning of the new year.
November 18, 2013
RBI Considers Leaving Ukraine
The second-biggest lender in the CESEE region, Austrian Raiffeisen Bank International, confirms the intention to sell the Ukrainian affiliate Aval.
November 17, 2013
Bulgaria: Fiscal Plans “Too Ambitious”
According to the IMF, the underlying assumptions of Bulgaria´s government are not realistic. The banking industry is stable, though.
November 16, 2013
VBAG: Capital Requirement up to € 1.0bn
The partially nationalized Austrian bank needs further capital injections next year.
November 16, 2013
EU Commission Criticizes Austria Once More
The EU Commission has again criticized Austria and Luxembourg and demands the countries to stop blocking the extensive exchange of tax data.
November 15, 2013
Poland: PZU Surpasses Results in 3Q
With results increasing by almost 65 percent on a quarterly basis, Poland’s biggest insurer has exceeded all expectations.
November 15, 2013
Hungary: Level of Credit Defaults Declining Significantly
According to OTP Bank, the level of credit defaults from borrowers has started to drop to the lowest level since the beginning of the financial and economic crisis.
November 15, 2013
Poland: Improvements at Banking Sector Not Expected
Next year’s results in the banking sector are not expected to exceed the ones in 2013.
November 15, 2013
Hypo Bad Bank Not to be Established Before 2014
Insiders do not expect the downsizing unit for state-owned Hypo Group Alpe Adria to be established before 2014.
November 15, 2013
Romania: Fitch Rating for Three Banks Affirmed
Fitch has affirmed the ratings for three Romanian banks and forecasts a stable outlook.
November 14, 2013
Austria: Bad Bank For Hypo As Good As Guaranteed.
Chancellor Faymann and Deputy Chancellor Spindelegger are in favor of creating a bad bank for Hypo Group.
November 14, 2013
EU Commission: Slovenia Makes “Key Progress”
Slovenia is among 16 EU member states that require comprehensive assessment of macroeconomic imbalances. According to a report published by the EU Commission, the small country shows significant improvement.
November 14, 2013
Slovenia Creates Major Bad Bank
In order to reduce the burden on the banking sector, Slovenia´s government wants to shift risky assets to a special purpose vehicle.
November 13, 2013
BayernLB: “Hypo Not Willing to Pay“
Because of the legal dispute with Austrian problem bank Hypo Group Alpe Adria, former German parent company BayernLB announced not to increase its risk provision.
November 13, 2013
Czech Republic: CNB Concerned about Private Households
In regard to the most recent forex intervention, the Czech National Bank (CNB) has expressed concern about private households, which would be affected for a longer period since savings as well as income will drop.
November 13, 2013
Romania: UniCredit Tiriac Bank’s Profits Exceeding Expectations
On an annual comparison basis, Unicredit Tiriac Bank posted an increase of profits of 48 percent to € 48.5m since the beginning of this year exceeding all expectations.
November 13, 2013
Austria: Bawag to Pay Off Further State Capital
Today CEO Byron Haynes announced that Bawag will pay back a further tranche of the bank state aid injected in 2009.
November 13, 2013
Crucial Days for Slovenia´s Government
Slovenia´s government has presented the 2014 budget to the Parliament. Prime Minister Alenka Bratusek has linked the approval to a vote of confidence. However, the budget approval is not the biggest risk factor for the ailing country.
November 13, 2013
Austria: Downsizing Options for Hypo Group under Discussion
In the discussion about establishing a downsizing unit for ailing bank Hypo Group Alpe Adria, several possibilities are taken into account.
November 12, 2013
Czech President Sceptical about CNB’s Forex Intervention
Czech President Zeman expressed his reservations about the Central Bank’s latest forex interventions.
November 12, 2013
Austria: Nowotny Rejects Mood of Opposition against ECB
Ewald Nowotny, governor of OeNB, rejects the idea of having been part of a protest group against the European Central Bank’s (ECB) most recent monetary measures by cutting the key rate to an all-time low.
November 12, 2013
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