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Bank Austria
Japanese Life Sciences Corporation Invests More Than 100 Million Euros in Vienna
The Japanese life sciences company Takeda Pharmaceutical Company Limited is investing more than 100 million euros in a new building in Seestadt, Vienna. Read about the massive investment and see a picture of what it is supposed to look like upon completion.
November 18, 2021
"Ronaldo of Investment Banking" Becomes New CEO of Bank Austria Parent Company
The Board of Directors of UniCredit SpA, which owns 96.35% of Bank Austria, unanimously nominated "deal junkie" Andrea Orcel as designated CEO to replace the outgoing CEO, Jean Pierre Mustier.
January 31, 2021
Business Indicator: Modest Acceleration in Austrian Economic Activity Despite Growing Global Risks
According to Bank Austria, the Business Indicator rose in March to 0.2 points - back in black for the first time since September. Also, Bank Austria recognized a light improvement in consumer and industrial sentiment. The estimated economic growth in 2016 is 1.5 percent - no further pick-up is expected for 2017.
April 20, 2016
Purchasing Managers' Index: Austrian Industry Defies Market Turbulence and Economic Worries
Bank Austria has published its latest "Purchasing Managers' Index" on the Austrian economy. In spite of the recent turbulence on the market and the growing economic concerns, Austrian industry is in good shape at present. Austrian industry has been enjoying an upwards trend for roughly a year now. The increase in Bank Austria’s Purchasing Manager’s Index to 51.9 points in February shows that following a dip before the turn of the year, growth has picked up again since the start of 2016. Despite the tense mood on the markets, Austrian industry is still providing good real economic data.
March 1, 2016
Unicredit Bank Austria Preliminary Results: Net Profit of About EUR 1.3 Billion for 2015
Unicredit Bank Austria has published its preliminary results for the 2015 financial year. Unicredit's Austrian subsidiary posts a net profit of about EUR 1.3 billion for 2015. Systemic charges including bank levies are up by EUR 89 million to EUR 326 million.
February 10, 2016
Austria's Industrial Production Increases in Early 2016
Bank Austria has published its latest "Purchasing Managers' Index" on the Austrian economy climbs to 51.2 points in January. The Austrian industry should enjoy a dynamic start to the new year. More orders ensure major production expansion. A sharp decline in price of commodities boosts earnings. At the same time, production not at full capacity, too few new jobs being created and ongoing economic uncertainties leading to targeted cost and inventory optimisation.
January 29, 2016
UniCredit Bank Austria Named Best Trade Finance Bank in Austria
US financial magazine Global Finance selected Bank Austria for the eighth time in a row "Best Trade Finance Bank" in Austria.
January 21, 2016
Business Indicator: Recovery in Austria to Pick Up Momentum in 2016
According to Bank Austria, the Business Indicator fell again in November. Now sitting at -0.3 points, the indicator has reached its lowest reading of 2015 just before the turn of the year. Despite this downward trend Bank Austria assumes that the Austrian economy will have maintained its moderate growth trajectory at the end of 2015.
December 18, 2015
Biggest Viennese Real Estate Deal Ever - Sale of The Mall Closed
Bank Austria - via its subsidiary BAI - closed the sale of "The Mall", the largest and most modern shopping mall in the heart of Vienna. The buyer is a consortium led by Morgan Stanley Real Estate Investing (MSREI). UniCredit Bank Austria did not disclose the price, but claims that the transaction is Vienna's largest real estate deal ever.
December 16, 2015
UniCredit Final Restructuring Program on Bank Austria's Retail Business
UniCredit announced a major step in its strategic plan execution, by launching a profound restructuring program on its Austrian retail business that will enable Bank Austria to develop its business in a sustainable way, while bringing down significantly its cost income ratio. The restructuring plan will allow to reduce by 2018 Bank Austria's overall costs by € 150mn per year on an ongoing basis on top of the Strategic Plan and with main focus on personnel expenses, leading to an overall cost decrease by almost € 300mn versus 2014 in order to ensure the business sustainability in the long-run.
December 15, 2015
Purchasing Managers' Index: More Moderate Industrial Growth in November
Bank Austria has published its latest "Purchasing Managers' Index" on the Austrian economy. The Austrian economy should manage to keep better pace with European and German growth rates in 2016. With the momentum of the recovery in Europe, the industrial sector in Austria has already improved since the beginning of autumn. In spite of a weaker result compared to the previous month the Bank Austria Purchasing Managers’ Index amounts 51.4 points. This still clearly indicates growth for Austrian industry, which in the meantime has largely caught up with the pace of growth in Europe.
December 3, 2015
Large Securitisation Deal between EIB and UniCredit Leasing Austria
EIB participates in securitisation transaction of UniCredit Leasing Austria with EUR 230.9 mil. The European Investment Bank (EIB) will make available EUR 230.9 million to UniCredit Leasing Austria through the purchase of asset-backed securities (ABS).
November 24, 2015
Journalism Award “Writing for CEE 2015” Goes to Martin Leidenfrost
The EUR 5,000 Writing for CEE journalist prize has been awarded for the twelfth time. Journalists from all round Europe – including Northern Europe, Central and Eastern Europe, South Eastern Europe and the CIS countries – have been invited to submit their works. The Austrian Journalist Martin Leidenfrost wins the “Writing for CEE 2015” award for his column "Expedition Europe". At the award ceremony writer and honorary guest Karl-Markus Gauß touched on the discovery of Europe and SEEMO Secretary General Oliver Vujovic said, that Europe faces new boundaries and divisions.
November 18, 2015 · Updated: November 20, 2015; 19:00
Business Indicator: Austria's Economy Grows by 0.9 Percent in 2015
Bank Austria has published its latest "Business Indicator" on the Austrian economy. At the beginning of the final quarter of 2015, the already moderate economic recovery in Austria seems to have lost speed. The Bank Austria Business Indicator slipped into the red in October. A sharp decline in consumer sentiment has pushed the indicator to its lowest level in eight months, despite the continual increase in confidence within industry. In addition to a slowdown of economic activity in Austria in the meantime, the opposing trend in domestic and foreign demand can still be seen in the recent Bank Austria Business Indicator. The different developments of individual sentiment components highlight the fact that neither consumption nor investment activity have gained momentum, but demand from abroad is slowly increasing. The opposing trends in domestic economic activity and foreign demand appear to have strengthened in Austria for the time being.
November 18, 2015
Bank Austria Posts Net Profit of EUR 660 Million for the First Nine Months
UniCredit Bank Austria announced that net profit in the three months to end-September dropped to 172 million euros from 291 million in the previous three months. As reported, the bank plans to terminate up to 14,000 jobs and restructure or exit its retail business in Austria and leasing operations in Italy as it seeks to strengthen its equity.
November 11, 2015
UniCredit - Bank Austria: CEE Operations Move from Vienna to Milan - Retail Business to be Sold or Restructured
Until the end of 2016, all CEE interests with currently 48,000 employees have to be transferred to Milan. Until now this division has been the most important earner for Bank Austria. The 13 banking subsidiaries of Bank Austria in Eastern and Southeastern Europe employ nearly 48,000 people - and thus the majority of the approximately 57,000 employees of Bank Austria. The retail banking business of in Austria with 1.6 million customers has to be sold or restructured, Unicredit announced in the afternoon.
November 11, 2015
Tensions Prior to Announcement of the UniCredit Savings Plans
It is rumored that the groupwide reduction of up to 14,000 jobs will be announced today. It is also about the future of Bank Austria. Bank Austria's parent UniCredit may withdraw the group's CEE head office from Vienna.
November 11, 2015
Purchasing Managers' Index: Pace of Austria's Industrial Growth Increases
Bank Austria has published its latest "Purchasing Managers' Index" on the Austrian economy. At the end of the first quarter in 2015 subtle signs of a pick-up in Austrian economic activity were detected for the first time in about six months.
October 30, 2015
Bank Austria Sells Prominent Property "The Mall" to Morgan Stanley Consortium
UniCredit Bank Austria AG announces that the purchase agreement for the shopping centre The Mall at Wien Mitte was signed with Morgan Stanley Real Estate Investing (MSREI), pending approval by the antitrust authorities.
October 22, 2015
Austria's Economy Undergoing a Very Modest Recovery Despite Increasing Uncertainties
Bank Austria has published its latest "Business Indicator" on the Austrian economy. Despite increasing global uncertainties, the recovery of the Austrian economy is continuing into the start of autumn. The Business Indicator remained the same in September at 0.1 points compared to the previous month. The improved confidence in domestic industry as well as an increased tailwind from Europe compensated for the deterioration in consumer confidence.
October 19, 2015
Business Indicator: Economic Activity Remains Sluggish - Revival Only in Course of Year
Bank Austria has published its latest "Business Indicator" on the Austrian economy. The Austrian economy is making no headway at present after the mild improvement in the economic climate at the start of the year. The Bank Austria Business Indicator remained at exactly zero points in February after a modest increase in the previous month. The current economic situation is thus somewhat more favourable than towards the end of the previous year, but the local economy still lacks momentum as of March 2015.
April 1, 2015
Austrian Economic Activity Remains Sluggish - Revival Only in Course of Year
Bank Austria has published its latest "Business Indicator" on the Austrian economy. The Austrian economy is making no headway at present after the mild improvement in the economic climate at the start of the year.
March 19, 2015
Business Indicator: First Small Signs of Improvement in Austrian Economic Activity
Bank Austria has published its latest "Business Indicator" on the Austrian economy. The Indicator exits negative territory due to modest rise in January. Decline in oil price pushes average annual inflation down below 1 percent for 2015, injecting more momentum into private consumption. Growth forecast for 2015 raised to 0.9 percent.
February 20, 2015
Purchasing Managers' Index: Austrian Economy Still Waiting for Industrial Upswing
Bank Austria has published its latest "Purchasing Managers' Index" on the Austrian economy. While industrial activity is slowly improving in Europe, Austrian industry is not yet in the best of form in early 2015.
January 29, 2015
Global Finance Awards Bank Austria "Best Trade Finance Bank"
US-based finance magazine Global Finance has named Bank Austria the "Best Trade Finance Bank" in Austria for 2015 based on an annual survey of analysts, managers and technology experts in 84 countries.The main criteria used to select the winners were transaction volume, geographical reach, customer service, competitive pricing and innovative technologies.
January 22, 2015
Business Indicator: Austrian Economy Makes a Subdued Start to the New Year
Bank Austria has published its latest "Business Indicator" on the Austrian economy. The renewed decline of the Business Indicator in December, taking it into negative territory, was influenced by the generally gloomier sentiment in the Austrian economy, which deviates to some extent from the trend seen across Europe.
January 16, 2015
Slack Performance in Austrian Industry Continues
Bank Austria Purchasing Managers' Index rises 0.5 points to 47.4, but Austrian industry contracts again in November.
November 27, 2014
Business Indicator: Economy at a Standstill - Revival in 2015 Requires New Stimulus
Bank Austria has published its latest "Business Indicator" on the Austrian economy. The bank's indicator shows that a slight improvement in the business indicator in October - yet minimal rise to neutral territory signals ongoing stagnation
November 17, 2014
UniCredit Bank Austria Appoints Vivaldi as Head of its CEE Division
UniCredit has appointed Mr. Carlo Vivaldi as the Head of Central & Eastern Europe (CEE) Division. In this function Mr. Vivaldi will succeed Mr. Gianni Franco Papa, who has already been designated in August. In view of the appointment resolved today by UniCredit Board, the Supervisory Board of Bank Austria will be called upon to approve the appointment of Mr. Vivaldi also in the bank's Management Board.
November 11, 2014
Business Indicator: Dip in Economic Activity Towards End of Year, but Hope Remains for 2015
Bank Austria has published its latest "Business Indicator" on the Austrian economy. The Bank's analysts believe that in light of the increasing uncertainty in recent months, the moderate recovery achieved by the European and therefore the Austrian economy too this year is taking a breather. The Russia/Ukraine crisis and the tensions in the Middle East have blighted sentiment in the Austrian economy at the start of autumn on a broad scale.
October 17, 2014
Business Indicator: Growing Geopolitical Uncertainty Levels the Economic Outlook Down
Bank Austria has published its latest "Business Indicator" on the Austrian economy. The analysts of Bank Austria believe, that after a weak first six months, the economic recovery continues to find it difficult to get out of the starting blocks. The growing uncertainty fuelled by the Russia-Ukraine crisis was reflected in another decline for Bank Austria’s Business Indicator in August. The indicator has been trending downwards slightly for half a year, and now sits at its lowest point since last summer of just 0.2 points.
September 18, 2014
S&P Downgrades Erste, RZB, UniCredit, Affirms HYPO NOE, KA Finanz, Upgrades HYPO OO
S&P is downgrading three banks, affirming the ratings on two banks, upgrading one bank, and lowering various issue ratings on the banks' hybrid capital and guaranteed grandfathered debt.
August 13, 2014
Bank Austria Posts Net Profit of EUR 776 Mln in H1 2014
Net profit rises by 34.3 per cent to EUR 776 million compared with the same period of the previous year.
August 6, 2014
Bank Austria Takes Over Immobilien Holding from Immobilien Privatstiftung
UniCredit Bank Austria AG intends to buy Immobilien Holding GmbH/Group, which has so far been wholly owned by Immobilien Privatstiftung. The purchase agreement has been signed today, subject to consent by the Bank Austria supervisory board and subject to approval by the Austrian competition authorities. The purchase price will not be disclosed.
July 25, 2014
Hanna Kordik Awarded the Prize for Outstanding Economic Journalism
Hanna Kordik was awarded the prestigious Horst Knapp Prize in a ceremony. The eulogy was delivered by Ewald Nowotny, Governor of Oesterreichische Nationalbank, in his capacity as chairman of an independent jury. The speaker at the award ceremony was the industrialist Hannes Androsch.
June 10, 2014
Bank Austria: “Russia is Still Profitable”
According to Vice CEO of Bank Austria and head of business operations in CEE Gianni Franco Papa, business in Russia is not yet affected by the political crisis in Crimea.
May 2, 2014
Situation for Austrian Banks in Russia is “Sensitive”
According to the latest statistics, Austrian banks are considerably more engaged in Russia than assumed so far. Debts to domestic financial institutes amount to € 50bn.
April 29, 2014
Austrian Banking Sector Making Losses
For the first time in 2013, the Austrian banks made losses in the amount of € 1.035bn.
April 29, 2014
Russia: Austrian Banks Demonstrate Serenity
Austrian banks try to take the downgrade of Russian sovereign bonds with composure. According to spokespersons, the downgrade has no danger potential.
April 26, 2014
Austria: Bank Levy Begins to Wobble
Austria´s Minister of Economics Reinhold Mitterlehner proposed to reduce the bank levy. The coalition partner, the social democrats, is surprisingly open to talks.
April 25, 2014
Do Taxes Justify a Relocation of Business?
Tax sensitive business operations should be relocated to other areas if necessary, according to the head of Erste Bank Austria.
April 24, 2014
UniCredit: Common Bad Bank with Intesa Sanpaolo?
The parent company of Bank Austria may create a common bad bank with its Italian competitor Intesa Sanpaolo. The bad bank may be sold later on.
April 22, 2014
Republic of Austria Liable for Domestic Banks in Ukraine and Russia
The Austrian Clearing Bank (OeKB) has assumed liabilities in the amount of € 4.0n in Russia and Ukraine. Besides the political risks, banks operating in Russia have to fear economic risks too.
April 17, 2014
Bank Austria Ends Business on Crimea
One day after Ukrainian affiliate of Raiffeisen Bank International (RBI), Bank Aval, has terminated business on the peninsula Crimea, UniCredit’s Bank Austria announced closing down its affiliates permanently.
April 16, 2014
Industrial Location Austria Losing Attractiveness
Among other things, labor costs and energy prices are too high, according to the Austrian Federation of Industries.
April 16, 2014
RBI Terminates Business on Crimea
The Ukrainian affiliate of Raiffeisen Bank International (RBI), Bank Aval, has terminated its business activity on Crimea.
April 15, 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
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
Austria: Industrial Production Loses Momentum
Austrian industry loses some momentum after strong growth at the start of the year.
March 28, 2014
RBI to Keep Hungarian and Ukrainian Affiliates?
Raiffeisen Bank International (RBI) considers keeping its affiliates in Hungary and Ukraine.
March 27, 2014