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Bank Austria

„We Can Exclude a Bankruptcy of Hypo Group”

Ewald Nowotny, governor of the Austrian National Bank (OeNB) and Klaus Liebscher, head of Hypo Group´s supervisory board argue that the nationalized bank will be downsized according to plan.

November 29, 2013

Bank Austria: Drastic Job Cut

The austerity measures at Bank Austria take form. CEO Willibald Cernko refers to the bank taxes.

November 28, 2013

New Austerity Measures for Bank Austria

UniCredit´s Austrian subsidiary and biggest Austrian bank faces job cuts and structural measures again.

November 26, 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

Fresh Money for Hypo Group Alpe Adria

The nationalized Austrian bank receives € 1.05bn from the Austrian Ministry of Finance.

November 22, 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

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

Austrian Banking Sector: Austerity Ahead

In order to comply with the regulatory capital framework, Austrian banks cut costs radically

November 18, 2013

Bank Austria: Economic Recovery Continues

The Bank Austria Business Indicator provides an overview of the current economic situation in Austria.

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

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

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

Bank Austria: Results Slightly above Expectations

Results for the first nine months of 2013: BankAustria posts net profit of over EUR 1 billion for the first nine months.

November 12, 2013

UniCredit: Net Income Driven By CESEE

Italian UniCredit Group´s quarterly net income was down by 40%. Losses in Italy could be more than offset by the results in Poland and Bank Austria´s contributions.

November 11, 2013

Leitl Rejects Further Bank Taxes

Christoph Leitl, president of the Austrian Chamber of Commerce (WKO), rejects the Finance Ministry’s plan to impose further taxes on Austrian banks in order to decrease public debts.

November 6, 2013

Number of Banks Shrinks Substantially

Since 2008, about 10% of the banks had to be closed in the Eurozone. In the last five years, 16,200 bank shops were shut down. In Austria, the situation is almost the same.

November 5, 2013

Austrian Banks Demand Cut in Bank Levy

Major banks in Austria demand tax reliefs in return for a participation in Hypo Group Alpe Adria’s bad bank.

November 5, 2013

Austrian Industrial Sector Gaining Stability

The upwards trend in Austrian industry picked up pace in October. Highest survey reading for two years signals clear pick-up of industrial activity

October 30, 2013

Cernko: Bank Shops in Austria Have to Be Reduced

In spite of the banks’ progresses Austria still has a high densitiy in bank branches.

October 30, 2013

Austrian Banking Sector: NPL at Eurozone´s Top

In the Eurozone, the non-performing loans are still growing. In total, 7.8% of the loan portfolio is risky. Austrian banks are significantly above the average.

October 30, 2013

Czech Republic: Four Banks too Big to Fail

CNB has determined four domestic banks that could potentially endanger the country’s financial system in case of bankruptcy, as reported by daily “Hospodarske noviny” (HN).

October 24, 2013

Bank Austria Issues € 500m Bond

Bank Austria, part of Italian major bank UniCredit and in charge of CESEE business, is raising money from the capital market.

October 22, 2013

Mitterlehner: “2014 Will Become Significantly Better“

Austrian Minister for Economy Reinhold Mitterlehner considers the Austrian economy to be in a spirit of optimism as an upturn in Europe has become evident. According to him, 2014 is supposed to become “significantly better” than 2013.

October 17, 2013

Eurozone: Banking Union Approved

From autumn 2014 on, the European Central Bank (ECB) will directly supervise 130 major banks within the Eurozone.

October 16, 2013

Bank Austria: Economic Recovering in Small Steps

The Bank Austria Business Indicator provides an overview of the current economic situation in Austria.

October 16, 2013

Russian and Ukrainian Oligarchs Interested in RBI’s Affiliate

The Ukrainian affiliate of Raiffeisen Bank International (RBI), Bank Aval, has become the object of desire for Russian billionaire Fridman and Ukrainian banker Lagun.

October 15, 2013

HVB: UniCredit Considers IPO

Bank Austria´s holding company UniCredit may sell a minority stake in Germany HVB.

October 14, 2013

FX Loans: ECB Warns Hungary

ECB´s governor Mario Draghi warns Hungary. The conversion of foreign currency loans may sharpen the credit crunch.

October 14, 2013

UniCredit Toying With Idea of Take-Over in Poland

Italian bank UniCredit considers to extend business at the growing Polish market by a take-over.

October 3, 2013

Moody’s Honors Austrian Banks in CESEE

Only a year ago, the rating agency downgraded Austria because of its banks’ engagement in Eastern Europe. However, the situation has changed to the better.

October 3, 2013

Austrian Industry Continues Upward Trend

Developments in Austria follow the European trend.

September 30, 2013

Austrian Real Estate Market: Shopping Centers Under Pressure

Shopping centre market: old and less attractive models coming under increased pressure from online trading. This is reported by Bank Austria in its latest report “Real Estate Country Facts”.

September 28, 2013

Austria: Fitch Confirms Triple A

Austria´s main weak point is the banking sector, the rating agency criticizes.

September 28, 2013

Austrian Industrial Sector Remains Cautious

Although the macro-economic frame conditions have brightened a bit, the outlook is mixed.

September 27, 2013

Austrian Real Estate Market: “Small Market in Good Shape with Potential”

The Austrian real estate market is a small, stable market with net cash flow returns of around 5 percent in the last nine years. This is the result published in Bank Austria´s report “Real Estate Country Facts”.

September 27, 2013

Austrian Commercial Real Estate Market on Right Track

Viennese office property market: new lettings are slowly picking up momentum – new construction volume of 205,000 m² expected in 2013. This is the result of the report “Real Estate Country Facts” issued by Bank Austria.

September 27, 2013

Austrian Bank Tax Paid By Bank´s Customers

The Austrian Institute of Advanced Studies (IHS) reports that it is “likely” that banks shift the burden to their customers.

September 26, 2013

Raids at Ukrainian Affiliate of Bank Austria

Ukrsotsbank in Kiev was searched on Friday due to unclear ownership structures of non-performing loans which led to disputes between banks and clients. Within the Unicredit Group Bank Austria is responsible for banks in Eastern Europe.

September 25, 2013

Croatia: Foreign Exchange Loan Conversion Costs € 50m

In order to help over-indebted Croat households, the government plans to shift the burden to the banking sector.

September 21, 2013

Bank Austria to Close Subsidiaries in Hungary

Because of higher costs caused by a tax on financial transaction, which was introduced during the current year, the affiliate of Italian UniCredit intends to downsize operations in Hungary.

September 19, 2013

Austrian Banking Sector Proves Stable

The U.S. rating agency Fitch confirms the A-rating for Erste Group, RBI (Raiffeisen Bank International), Bank Austria and VBAG.

September 18, 2013

Bank Austria Considers Establishing Franchise Banks in Austria

The streamlining of the CESEE network of Bank Austria seems to take on a very concrete form now.

September 16, 2013

Hungarian National Bank to Use Foreign Currency Reserves

In order to support Hungarian homeowners, MNB (Hungarian National Bank) sells a part of its forex-reserves.

September 15, 2013

Austria Must Implement Liquidation Mechanism for Banks

In order to minimize fiscal losses, Austrian problem banks should be liquidates soon, IMF claims. In this case, Austria would not reach its fiscal targets in the next years.

September 13, 2013

Eight Austrian Banks to be Supervized by ECB

The European Central Bank will supervise 130 banks in the Eurozone. 18 German and six Austrian banks will have a new supervision authority.

September 6, 2013

Hungary: New Threats for Foreign Banks

Hungary´s government is determined to convert foreign exchange loans at the expense of banks again.

September 6, 2013

Austrian Banks Register Growing NPL

The advisory group pwc has issued a new report on the asset quality of Austrian banks. In terms of asset quality, Hungary and Romania are performing worst.

September 5, 2013

Hungarian Government Wants Further FX Debt Reliefs

The government has talks with the Hungarian banking association. In order to de-burden indebted Hungarian households, Prime Minister Viktor Orban wants to reach a debt relief plan.

September 4, 2013

Austrian Banking Sector Burdened Heavily With NPL

In total, non-performing loans held by Austrian banks come at € 150bn. This corresponds to 48% of Austria´s GDP.

September 2, 2013

Austria: Banks Indignant At Chancellor Faymann

Chancellor Werner Faymann has started the election campaign with an attack against the banks. However, CEO of Bank Austria Willibald Cernko points out that the banking industry secures 70,000 jobs in Austria.

August 9, 2013
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