Sponsored Content
Bank Austria
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
Bank Austria Considers Withdrawing from Kazakhstan
ATF-Bank, the Kazakh subsidiary of Bank Austria is said to be sold.
November 16, 2012
Bank Austria: “Austrian agriculture has optimistic prospects for the future”
Agricultural revenues grew by roughly one third in 2010 and 2011 to EUR 2.6 billion. Agriculture loses a bit of momentum in 2012: Losses in revenue despite price increases due to dramatic decline in harvest yields.
November 14, 2012
Bank Austria Posts Net Profit Increase
Net operating profit up by 11 per cent thanks to slight growth in customer business, flat cost trend and further decline in provisioning charge.
November 14, 2012
Bank Austria: Subsidiaries in Czech Republic and Slovakia to Merge
Bank Austria´s holding company UniCredit starts a Business Refocusing Program in CEE.
November 13, 2012
Austria: Industrial activity Remains Weak for Now
Falling orders trigger cutbacks in production and job losses once more. Earnings of companies under pressure from sharp rise in input prices. Recovery in industry expected no earlier than 2013: growth of 3 per cent on horizon.
October 31, 2012
Jürgen Kullnigg Becomes the New Chief Risk Officer of Bank Austria
Jürgen Kullnigg will join the Management Board of Bank Austria to succeed Massimiliano Fossati, who will move to UniCredit in Milan to become Chief Risk Officer Italy
October 24, 2012
FMA: „Austria is Open to Blackmail by Banks”
Kurt Pribil, director of the Austrian Financial Market Authority, thinks that the nationalization of banks has shown that the Austrian state is still under pressure.
October 23, 2012
Austrian Banking Industry to Downsize Radically
According to Bank Austria´s CEO Willibald Cernko, the Austrian banking industry must cut its number of branches radically.
October 23, 2012
Fekter Interested in Hungary´s Bank Taxation Plans
The Austrian Minister of Finance wants to analyse the taxation plans of the Hungarian government thoroughly. The bank taxes would be “highly interesting”, Fekter says.
October 19, 2012
Austria: Economic Sentiment Low
Despite solution to eurozone crisis taking shape, sentiment of consumers and producers still trending down. More optimistic outlook for 2013 after stagnation in second half of 2012.
October 17, 2012
Austria: Saving Popular Despite Negative Real Interest Rate
Trend clearly points to short-term investments: People feel it is important to have their money available in case of a change in the investment situation. 54 per cent save less than € 100 per month, 7 per cent more than € 500.
October 12, 2012
Alpine Needs Help from Banks
The Austrian construction company faces liquidity constraints. Talks with banks were started already.
October 11, 2012
Hungary: Residential Housing Market at a Standstill
According to Bank Austria, the Hungarian housing market has reached a historic low.
October 8, 2012
CEE Countries Must Work Upon Economic Convergence
CEE countries are struggling with weaker external demand and uncertain consumers, whereas in most cases fiscal policy is under control. Labour productivity, costs and competitiveness of CEE region give reason for optimism.
October 5, 2012
Orders Down for Austrian industry
Sharpest decline in orders since the middle of 2009 results in a significant reduction in production – job losses in industry pick up pace in September. Contraction in industry weakens overall economy: modest decline in GDP likely for the third quarter.
September 28, 2012
Polands FDI Level Stagnates
Compared to 2011, the size of foreign directed investments in Poland stays almost unchanged.
September 18, 2012
Austrian Economy at a Standstill – "But probably not for long"
Bank Austria's Business Indicator sinks to -0.7 points in August, the third decline in a row. 2012 as a whole expected to be up to 1 percent, in spite of stalled economic activity in the second half of the year.
September 17, 2012
Austrian Banks View Savers Protection to be Endangered
The planned unification of the deposit protection is met with skepticism at Austrian banks. As the details are not clear yet, the deposit protection is yet no issue anyway.
September 15, 2012
Austrian Economy to Stagnate
In the third quarter of 2012, economic growth in Austria will come to zero, Bank Austria says.
September 14, 2012
„Banking Union Must Not Become Burden for Real Economy“
The Federation of Austrian Industries (IV) underlines that the banking union must be competition-neutral. Above all, the real economy must not face liquidity constraints, IV says.
September 13, 2012
Bank Austria: Bernkopf New Management Board Member
Helmut Bernkopf becomes Management Board member of Bank Austria with responsibility for the bank’s private and corporate customers
September 11, 2012
S&P Criticizes Weak Capital Base of Austrian Banks
According to the U.S. rating agency, Austrian big banks should increase their equity base in order to compensate further risks.
September 7, 2012
Downward Trend in Austrian Industrial Sector Accelerates
Due to the crisis in the Eurozone, the downward trend in Austria accelerates.
September 3, 2012
Bank Union: Austrian Banking Industry Cautious
European Forum Alpbach: In mid-September, the EU Commission will present its plans regarding the bank union. The bank union should not be implemented too fast, the Austrian Financial Market Authority says.
September 1, 2012
Weak Demand Slows Austrian Industry
Bank Austria's Purchasing Managers' Index drops in August to lowest reading since mid-2009. A growth horizon is no longer in sight. In Austria, a substantial fall in order was observed.
August 30, 2012
Declining Real Income: UBS Defends Report
Paul Donovan, author of the controversial study, was criticized by Austria´s Central Bank and Bank Austria. Donovan underlines that his study is correct.
August 24, 2012
Is the Euro Bad for Austria?
According to UBS, the Austrian real income was down by 35% since 2000. The introduction of the euro is the main reason, UBS says. UniCredit and the Federation of Austrian Industries oppose to the study.
August 22, 2012
Austrian Economy to Stagnate
Domestic economy set to stagnate in the third quarter – chances of a slight upswing towards the end of 2012. Thanks to a good first half of the year, economic growth will come in at around 1 per cent in 2012.
August 18, 2012
S&P Confirms Bank Austria´s Rating
Due to the downgrade of the holding company UniCredit, the U.S. rating agency retains the negative outlook for Bank Austria.
August 8, 2012
Austrian Property Market Runs out of Steam
In Austria, the property market shows first tendencies of consolidation. The number of acquisitions was down in the first six months.
August 4, 2012
Bank Austria as UniCredit´s Cash Cow
Without Bank Austria, UniCredit would have been in the loss area. The CESEE region is still Bank Austria´s future market.
August 4, 2012
Rising Profit at Bank Austria
Bank Austria posts net profit of € 646m for the first six months. Net operating profit was up by 11.1 per cent. Lending volume rises by 3.3 per cent to € 136bn.
August 3, 2012
Dispute Over Bank Taxes
In Austria, only 82 of 787 banks have to pay bank taxes. Above all, the Raiffeisen sector and the Volksbanken sector are excluded.
August 2, 2012
Industrial Activity in Austria Contracts
For the first time this year, the production output declines dramatically. Moreover, a drop in orders – especially foreign orders – leads to a persistent decline in employment figures
July 31, 2012
Growth in Austrian Construction Industry Slowed Again
Production growth to fall from 4.8 per cent in 2011 to a maximum annual average of 3 per cent in 2012, bringing output value to € 30bn. New residential construction with an increase of roughly 6 per cent for the year.
July 24, 2012
Europe Hinders Austrian Economy
Due to the European economic weakness, Austria almost stagnates. Slight corrections in austerity programmes, weaker euro and lower oil prices indicate an economic stabilisation in late 2012 though.
July 17, 2012
CEO Strauss Buys 38% of Porr´s Shares
Strauss-Group acquires equity stake of the B&C-Gruppe and of the UniCredit Bank Austria AG on the Austrian construction company.
July 16, 2012
Bank Austria: Major Investment at Russian Subsidiary
UniCredit Group increases the equity base of the Russian subsidiary.
July 14, 2012
Consolidation in CESEE Banking Industry Ahead
The Austrian Central Bank (OeNB) expects a wave of takeovers in the banking industry in Central, Eastern and Southeastern Europe. Many banking groups will withdraw from there, OeNB says.
July 13, 2012
Big Exposure in Foreign Currency Loans
In Austria, domestic banks have outstanding foreign currency loans of € 51bn. In CESEE countries, the exposure comes at € 130bn.
July 10, 2012
Performance of Austrian Banks Remarkably Down
Austria seems to be significantly „overbanked“: Austrian banks only achieve a 0.1% yield on the capital employed.
July 9, 2012
Austrian Business Property Market Under Pressure.
In the Viennese office property market, new lettings remain subdued. Regarding the shopping centre market, old and less attractive models under pressure.
July 7, 2012
Bank Austria named Best Bank in Austria
The distinguished international financial magazine EUROMONEY has named Bank Austria the Best Bank in Austria in its Awards for Excellence 2012.
July 7, 2012
Austrian Real Estate Market Shows Stability
The Austrian real estate market is a small, stable market with income returns of 5 percent in the last eight years. Real estate investors focus on core properties resistant to the crisis, leaving some market opportunities untapped.
July 6, 2012
Reorganization at UniCredit
The Italian banking group plans to dezentralize its structure. Bank Austria as CESEE hub is affected.
July 5, 2012
Massive Austerity Cuts at Porr
The third-biggest Austrian construction company examines its cost structure. First effects should be visible still in 2012.
July 2, 2012
Bank Austria Wohnbaubank: Decrease in Profit
The operating performance of Bank Austria Wohnbaubank went up in the 2011 financial year. Due to the bank tax, net income decreased.
June 27, 2012
Austrian Banks Affected by European Crisis
Bank Austria´s CEO Willibald Cernko still believes in the common currency. Last year, earnings went down by 14.6%.
June 26, 2012
Fast News Search
