Search: vienna-insurance-group

Hypo Group to Shut Down Subsidiaries in Italy

Until the end of this year five subsidiaries in Italy will be closed.

Relevance: 1.00 · May 6, 2014

Austrian Insurance Industry Records Positive Results

In the first half of 2013, the Austrian insurance sector registered an increasing premium income. Operating income was up substantially.

Relevance: 1.00 · October 8, 2013

FriedlResearch has Published the Q3-2013 Company Report of Erste Group Bank AG

This report contains in depth information and data about Erste Group and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecast data, SWOT analysis, plus data on key events.

Relevance: 1.00 · October 8, 2013

Hypo Group and BayernLB Keep on Fighting

Hypo Group responds to the BayernLB’s lawfile at the Regional Court in Munich. Both banks will not give up their very hard stance.

Relevance: 1.00 · June 26, 2013

Hypo Group: CESEE Units to be Sold Until Mid-2015

The threatened compulsory sale of nationalized Hypo Alpe Adria Group by the EU Commission until the end of this year, was, according to information by the Finance Ministry, fended off. An additional burden of € 2bn might await the Austrian taxpayers.

Relevance: 1.00 · July 1, 2013

Hypo Group: CEO Kranebitter Steps Back

Kranebitter announced to stay until the half-year accounts are published. On Monday it became known that the ailing bank will in all likelihood require more state aid than planned.

Relevance: 1.00 · July 2, 2013

Hypo Group Considers IPO

The Austrian nationalized bank takes an IPO of its Eastern subsidiaries into account.

Relevance: 1.00 · August 31, 2013

Hypo Group: Massive Losses in Italy

The Italian affiliate of Austrian problem bank Hypo Alpe Adria has notched up considerable losses.

Relevance: 1.00 · July 25, 2013

Hypo Group Alpe Adria: Harsh Criticism on Austrian Government

The Austrian opposition blames the government for concealing the biggest financial disaster in Austria´s history. Governor of the Austrian National Bank Ewald Nowotny is under fire too.

Relevance: 1.00 · February 6, 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.

Relevance: 1.00 · April 9, 2014

Austria: Hypo Group Capitalized Again

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

Relevance: 1.00 · April 9, 2014

Meager Profits for Erste Group in First Half 2013

Erste Group posts net profit of EUR 301.2 million for first half of 2013; risk costs decline

Relevance: 1.00 · July 30, 2013

Polish Alpine Files for Bankruptcy in Vienna

More affiliates of Alpine are affected.

Relevance: 1.00 · September 3, 2013

Austria: Up to € 11.7bn for Downsizing Hypo Group

Years of discussion went by; now the EU Commission has approved the downsizing plan for nationalized Hypo Alpe Adria.

Relevance: 1.00 · September 4, 2013

Bulgaria: Major Decrease of Insurance Business

The insurance industry saw a strong decrease of business of 13 percent in only four years.

Relevance: 1.00 · October 2, 2013

Pecik to Buy Hypo Group´s SEE-Affiliates?

The Austrian investor Ronny Pecik is said to be interested in acquiring the Southeast European subsidiaries of nationalized Hypo Group.

Relevance: 1.00 · October 2, 2013

Atrium European Real Estate Limited / Promotion of Ljudmila Popova to Group Executive Management Team

Relevance: 1.00 · October 7, 2013

Sale of Hypo Group: Small Number of Potential Buyers

In 2014, Hypo Group´s assets will be sold. It is not certain whether there will be a bad bank or not. Even a bankruptcy is not completely excluded.

Relevance: 1.00 · December 7, 2013

Croatia: Hypo Group Losing Last Industrial Participation

Croatian chemical company Dioki is facing bankruptcy which is why Hypo Group is losing one of the last industrial participations in the country.

Relevance: 1.00 · October 14, 2013

Austria: Decisions about Hypo Group Expected This Year

Decisions about the future of problem bank Hypo Alpe Adria will in all likelihood be delayed.

Relevance: 1.00 · October 16, 2013

RBI Considers Participation in Hypo Group’s Bad Bank

In a radio interview with “Ö1”, Karl Sevelda, CEO of Raiffeisen Bank International (RBI), announced that he regards a particpation of his bank as possible.

Relevance: 1.00 · October 18, 2013

Telekom Austria AG / Telekom Austria Group acquires spectrum for a total of EUR 1,030 million in Austria (Ad-Hoc)

Relevance: 1.00 · October 21, 2013

Life Insurance Industry Under Pressure

For the insurance industry, life insurance products become less and less profitable.

Relevance: 1.00 · October 24, 2013

Hypo Group: Worst Expectations May be Exceeded

For the Austrian state, the ailing nationalized banking group may become a financial GSA. The legal dispute with the former owner BayernLB bears enormous dangers for Austria´s public finance.

Relevance: 1.00 · October 25, 2013

aws LISA: With BIO-Europe in Vienna the focus of the global biotech industry will once more be on Austria

Relevance: 1.00 · November 4, 2013

Austria: Liquidation No Option for Hypo Group

Nationalized-by force Hypo Group Alpe Adria, which is struggling under liabilities running in the billions, will not be closed. OeNB rejects rumors about establishing a bad bank

Relevance: 1.00 · November 4, 2013

Hypo Group Insolvency: Total Damage of € 26bn

Ewald Nowotny, governor of the Austrian National Bank (OeNB), warns of follow-up costs in case of a bankruptcy of the Austrian nationalized lender.

Relevance: 1.00 · December 17, 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.

Relevance: 1.00 · November 20, 2013

AGRANA Beteiligungs-AG raises Group forecast for full year

In the first half of the 2015|16 financial year, AGRANA, the sugar, starch and fruit products manufacturer, posted revenue of EUR 1,263.5 million (H1 prior year: EUR 1,285.2 million).

Relevance: 1.00 · October 8, 2015

The Miss Earth Beauty Pageant is Coming to Vienna

Miss Earth, an annual international beauty pageant promoting environmental awareness is celebrating its 15th year in Vienna. Along with its rivals Miss Universe and Miss World, Miss Earth is one of the three largest beauty pageants in the world in terms of the number of national-level competitions to participate in the world finals and one of the most publicized beauty contests in the world. The reigning titleholders dedicate their year to promote specific projects and often address issues concerning the environment and other global issues. Climate Change will be the focus of Miss Earth for its Crystal Year celebration. Around 90 delegates from all over the world will be arriving on November 18, to start their activities and converge at the Marx Halle in Vienna on December 5, 2015 for the Coronation Night.

Relevance: 1.00 · October 9, 2015

Hypo Group: „We Are not the Only One Who Must Pay“

Austrian Minister of Finance Michael Spindelegger underlines that the Austrian taxpayers are not the only ones who must bear the losses of the nationalized lender Hypo Group Alpe Adria.

Relevance: 1.00 · April 5, 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.

Relevance: 1.00 · April 7, 2014

Uniqa Growing Faster Than Czech Insurance Market

Insurance group Uniqa reveals a significant increase in premiums in the first three quarter in 2013. Moreover, Uniqa showed an increase of CZK 3.3bn in the sector non-life insurance and CZK 877m in life insurances.

Relevance: 1.00 · January 22, 2014

BayernLB Bought Hypo Group Alpe Adria above Value

Apparently former member of BayernLB’s supervisory board acquired Hypo Group Alpe Adria above its value.

Relevance: 1.00 · January 16, 2014

Low Expectations in Nuclear Talks with Iran in Vienna

Optimism among officials about successful talks to end Iran’s nuclear program is restrained.

Relevance: 1.00 · February 19, 2014

Task Force: Time Is Running out for Hypo Group

The final report by the task force of problem bank Hypo Group Alpe Adria calls upon the Austrian government to make a decision about the downsizing until mid-March.

Relevance: 1.00 · March 11, 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.

Relevance: 1.00 · March 8, 2014

Austria: Hypo Group’s Final Report Eagerly Awaited

The eagerly awaited final report of Hypo Group’s task force is supposed to be presented to the government this weekend.

Relevance: 1.00 · March 8, 2014

Hypo Group: „The Wrong Decisions were Made“

Johannes Ditz, former chairman of the Austrian nationalized Hypo Group Alpe Adria, thinks that the Austrian government could have avoided a massive burden for the taxpayers.

Relevance: 1.00 · December 28, 2013

Another Emergency at Hypo Group Alpe Adria

The series of bad news does not come to an end. After enormous capital injections in 2013, the nationalized Austrian lender again needs help from the Austrian state.

Relevance: 1.00 · January 24, 2014

Hypo Group Denies New Capital Shortfall

The nationalized Austrian lender Hypo Group Alpe Adria is said to require fresh founds in the amount of € 500m. The bank´s management claims the opposite.

Relevance: 1.00 · January 25, 2014

Hypo Group Alpe Adria: Austrian Government Is Helpless

The nationalized lender urgently needs a sustainable future concept. In reality, however, uncertainty is dominating.

Relevance: 1.00 · January 27, 2014

Vienna Real Estate Market Hopelessly Overstrained?

Real estate trustees in Vienna demand a limit to state-subsidized apartments and call for “unrestricted” rents.

Relevance: 1.00 · April 23, 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.

Relevance: 1.00 · March 4, 2014

Austria: Expert Paper for Hypo Group’s Bad Bank

An expert paper about possible downsizing options for state-controlled problem bank Hypo Group Alpe Adria is expected to be handed in to the government until the middle of the week.

Relevance: 1.00 · January 13, 2014

Global Real Estate & Economy Talks (GREET) in Vienna

GREET is short for “Global Real Estate & Economy Talks“. It is the platform for commercial property and investments in CEE and SEE, including Russia, Turkey and CIS.

Relevance: 1.00 · May 19, 2014

Hypo Group: Privatization of Balkan Business Until 2015

The nationalized problem bank intends to sell its Balkan business within 2014.

Relevance: 1.00 · April 17, 2014

Hypo Group: Italian Branch Turns Out a Huge Problem

According to CEO Picker there were more “skeletons in the closet than expected” which led to huge losses for the ailing bank. The Italian network may have to be downsized.

Relevance: 1.00 · April 17, 2014

Hypo Group: Time Pressure Grows Dramatically

Future bank aids for the nationalized Austrian lender are limited. Haircuts for creditors and bondholders are not unlikely.

Relevance: 1.00 · April 17, 2014

Erste Group to Reduce Goodwill

Erste Group reduces goodwill by about EUR 350 million.

Relevance: 1.00 · December 17, 2013