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Bank Austria

UniCredit: No Withdrawal from Hungary

CEO of UniCredit Federico Ghizzoni has rejected rumors about disengagement plans from Hungary.

August 7, 2013

Loan Loss Provisions Impede Higher Profits for Bank Austria

Results for the first half of 2013: Bank Austria posts net profit of EUR 566 million for the first half of 2013.

August 7, 2013

UniCredit to Focus on Poland, Turkey and Russia

UniCredit´s CEO pursues a selective growth strategy. The Austrian subsidiary recorded losses in the retail segment.

August 6, 2013

Bad Bank for Hypo Group?

According to market rumors, Austria´s government wants domestic banks to participate in a bad bank for the nationalized Hypo Group. Finance Minister Maria Fekter denies such reports.

August 5, 2013

CESEE: „Growth Story Did Not End“

In an interview with the Austrian newspaper “Presse”, chairman of the CEESEG supervisory board Willibald Cernko explains that Central and Eastern Europe needs a new growth model.

August 3, 2013

Hungary Plans New Burden for Banks

Hungarian households are still over-indebted. Prime Minister Viktor Orban aims to help them on the expense of the banking sector.

July 23, 2013

Austria: Most Risks Do not Come from Eurozone

The greatest risks threatening a continued economic recovery in Austria currently stem from the global economic trend and, to a lesser extent, from the Eurozone, Ban Austria reports.

July 17, 2013

Austria: Consumer Confidence Negative

Today, Bank Austria has published its monthly economic indicator. Domestic demand will not grow this year, Bank Austria says.

July 16, 2013

„Austrian Banking Sector Still Weakly Capitalized“

Austrian National Bank (OeNB) criticizes that the domestic banking sector did not improve the equity base sufficiently.

July 16, 2013

Moody´s Cuts Bank Austria´s Rating

According to the U.S. rating agency, the creditworthiness of the biggest Austrian bank has worsened. The expansion program in Russia and Turkey is seen as significant risk factor.

July 16, 2013

RBI Plans on Reconstructing Branch Banks

The new concept of Karl Sevelda, successor of former CEO Herbert Stepic, is becoming clearer. He has inherited the task to reconstruct the capital of Basel-III.

July 15, 2013

Bank Austria to Close 67 Subsidiaries

UniCredit Affiliate Bank Austria plans to close 67 subsidiaries – a quarter of its 270 stores for private costumers until 2015.

July 3, 2013

Erste Group to Pay Back € 1.8bn in State Aid

The Austrian banking institute plans on not only paying back its debts at the state but also to significantly increase equity capital.

June 24, 2013

Papa: CEESE To Keep Growth Advantage

Deputy CEO of Bank Austria Papa sees a long-term potential in CESEE countries. Bank Austria is expecting a growing credit business apart from the favorable economic outlook in the region.

June 6, 2013

Austria: Three Major Banks Have Made Their „Last Will“

Three Austrian banks have already made their „testament“. Erste Group, Raiffeisen and Bank Austria have presented plans for a possible restructuring. The plans are part of the future bank insolvency law.

May 22, 2013

Bank Austria: Focus on Major Clients in CESEE

In an interview with Austrian newspaper Standard, Head of CESEE division of Bank Austria, Gianni Papa, explains why the banking institute wants to focus on its core market.

April 18, 2013

S&P: More Funds For KA Finanz

Austrian major banks are performing weakly. Risks increase in CESEE countries. S&P also warns of real estate bubble in Vienna.

April 18, 2013

RBI to Take Over Bank of Cyprus Affiliate?

The Bank of Cyprus has split up with the assets of its Romanian affiliate. Apart from RBI, Banca Transilvania is a potential buyer.

April 18, 2013

Austria: Alpine’s Future Sealed

The restructuring contract has been signed by banks and insurance companies. Shareholders are not affected by a haircut.

March 26, 2013

Bank Austria To Boost Capital Base

CEO Cernko wants Eastern Europe to play an important role again in the future.

March 19, 2013

Bank Austria's Profits Under Pressure

In the fourth quarter, Bank Austria has recorded a net loss of € 676m. In the whole year, CEE division showed a profit before tax of € 1.712bn which is an increase of 6 % compared to 2011. One-off charges totalled € 879m.

March 18, 2013

Bank Austria Takes Drastic Measures

Because of selling the Kazakhstan division and bad credits, quarter losses of € 553m for parent company UniCredit have to be faced.

March 16, 2013

Bank Austria to Sell ATF

Bank Austria will sell its affiliation in Kazakhstan, ATF Bank, which was acquired in 2007. ATF made losses into the billions.

March 15, 2013

Austrian Banks to Stay in Hungary

In the coming years, foreign banks will face a difficult market environment in Hungary. Nevertheless, Austrian banks want to maintain their position.

March 14, 2013

Improvement on the Czech Commercial Real Estate Market in Sight?

Bank Austria sees anti-cyclical investment opportunities in the Czech Republic and CEE. The Czech Republic offers a low country risk and transparent real estate market.

March 13, 2013

Austria: Negative Outlook for Banks

Moody’s current analysis paints a rather bleak picture about the situation of the Austrian banking industry.

March 8, 2013

“Austrian Industry Still Taking a Breather”

Signs of a stabilisation emerging in employment. |Reduced cost pressure as a result of current price trends. | Delayed spring awakening in industry may provide too little support for a GDP increase in the first quarter of 2013.

March 5, 2013

Austrian Construction Group Alpine Rescued

For the time being, Alpine´s bankruptcy could be prevented. The creditors agreed on a partial waiver.

March 4, 2013

Austrian Private Banking Market Consolidates

Bank Austria Private Banking sees itself as benefiting from this development. “The idea of security in asset management must constantly be redefined. Investors will have to accept more risk.” Bank Austria says.

February 28, 2013

Austria: “Short Supply on Real Estate Market”

Demand is expected to remain high for residential real estate in 2013. Supply is lingering behind demand particularly in locations where business is strong, Bank Austria reports.

February 27, 2013

Bank Austria Plans Radical Reduction of Branches

The biggest Austrian bank wants to reduce the number of branches from 350 to 250 in the next two years.

February 22, 2013

Austria: “Things are improving, but only slowly”

“The decline in the fourth quarter of 2012 is old news.” Austria’s economy growing moderately again in the first quarter, Bank Austria says. Economic growth in 2013 to be slightly higher than last year.

February 15, 2013

Bank Austria: New Supervisory Board Members

Today, the general meeting of UniCredit´s wholly-owned subsidiary Bank Austria had elected two new members to Bank Austria’s Supervisory Board.

February 14, 2013

Alpine: Creditors Face Haircut

The financially stricken Austrian construction company wants its creditors to contribute to the restructuring.

February 2, 2013

“Austria’s Industry Edges Towards Economic recovery”

Bank Austria Purchasing Managers’ Index for January increases slightly. Moderate improvement in orders helps to offset the decline in production output.

January 31, 2013

Bank Austria Centralizes Operations in Baltic Countries

The Austrian subsidiary of Italian UniCredit has shifted the units in Lithuania and Estonia to Latvia.

January 29, 2013

Peter Czapek becomes CEO of Bank Austria Real Invest

Gerhard Dreyer, 53, now responsible for Investment and Asset Management as well as Group Investments. Günter Hofbauer, 47, remains responsible for risk management and controlling.

January 29, 2013

“Germany overestimated, USA and China underestimated”

Trade with USA and Italy just as crucial for Austrian economy as trade with Germany, Bank Austria reports. "Made in Austria" products count for above-average proportion of Austrian exports.

January 26, 2013

Bank Austria Places € 500m Bond

Bank Austria today issued a five-year bond with a volume of EUR 500 million. This was the first euro-denominated senior unsecured benchmark bond from the bank in over seven years, and the first benchmark bond issued this year.

January 24, 2013

“Austria on its way out of economic slump”

Increasing signs of economic turnaround: GDP contraction in final quarter of 2012, but economy will gradually gain momentum in 2013, Bank Austria reports.

January 17, 2013

Sector Report by Bank Austria: Austria’s Food Industry Stagnates

Weak trends in 2012: output stagnates, sales revenue grows by 3 per cent. Improved outlook for 2013: output may grow slightly. Growth potential driven by strong exports, especially to Eastern Europe.

January 16, 2013

CEE Banking Study 2013: “Banks Rebalance Their Business Models” (3)

Foreign players have an important role in the local markets and increased the share of CEE assets within their groups' total assets over the last years.

January 15, 2013

CEE Banking Study 2013: “Banks Rebalance Their Business Models” (2)

Total assets and lending have grown steadily since 2008, even though at a slower pace than before the crisis and with a stronger focus on domestic funding sources.

January 15, 2013

CEE Banking Study 2013: “Banks Rebalance Their Business Models” (1)

The CEE banking sector keeps showing good profitability with revenue margins narrowing but still above Western European levels.

January 15, 2013

Fitch: Austrian Banking Industry Depends on CESEE

According to the U.S. rating agency, the situation of Austrian banks strongly depends on the development in central, east and southeast Europe.

January 14, 2013

“2013 will be a better growth year for CEE than 2012”

Unlike 2012 the new year starts with much less financial stress and easier monetary policy. Central and Eastern Europe has still considerable potential to outperform EMU, differentiating on domestic policies, Bank Austria says.

January 7, 2013

Bank Austria: Poland and Turkey are Most Attractive

According to Bank Austria´s board member Gianni Franco Papa, the performance of CESEE markets is satisfying.

December 19, 2012

Austria: “Economic Stability in Sight “

Moderate rise in economic growth: after 0.5 percent in 2012, figure of 0.9 percent anticipated for 2013 due to growing export demand. Long-term outlook: if domestic demand picks up, increase of 1.5 percent on the cards for 2014.

December 17, 2012

Bank Austria: Major Losses in Kazakhstan

In 2007, Bank Austria took over the Kazakh ATF Bank. In total, the banking group is threatened to record losses of up to € 1.8bn. Now, Bank Austria is said to leave Kazakhstan.

December 11, 2012

“Turnaround in sight for industrial activity”

The Bank Austria Purchasing Managers' Index climbs in November to best reading since June. Rising orders nudge production up slightly in Austrian industry for the first time since the summer

November 30, 2012