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Bank Austria
Gloomy Growth Prospects for Austria
Bank Austria cuts its growth prospects for Austria. Instead of a GDP growth of 2.0% in 2013, the analysts now expect economic growth to reach 1.5%.
June 16, 2012
Bank Austria Sells Headquarters
The highest-bidder procedure is to lead to a sale of the property by the end of 2012. Bank Austria will retain its property until the new headquarters has been completed.
June 15, 2012
Austrian Banks Perform Well in Eastern Europe
The Austrian banks did not overreach themselves in Eastern Europe, the economist Bernhard Felderer says. By contrast, UniCredit, RBI and Erste Group are highly profitable.
June 11, 2012
Austrian Banks Cut Exposure in Spain
Erste Group, Raiffeisen Bank International (RBI) and KA Finanz have the highest exposure among Austrian banks.
June 11, 2012
Moody´s Warns Austria of Another Downgrade
The U.S. rating agency may downgrade European AAA-countries like Austria, Germany or France soon.
June 9, 2012
„There´s no Crisis in Eastern Europe“
Austrian economists and bankers do not comprehend the downgrade by Moody´s. The risk in Eastern Europe would be more differentiated, OeNB´s governor Nowotny said.
June 8, 2012
Downgrade for Austrian Banks
The U.S. rating agency Moody´s downgrades Erste Group, Raiffeisen Bank International and Bank Austria.
June 6, 2012
B&C Industrieholding to Sell Major Stake in Porr
The Bank Austria-owned B&C Industrieholding is said to sell ist 37% stake in the Austrian construction group. CEO Karl-Heinz Strauss may be a potential buyer.
June 5, 2012
Slow Growth in Austrian Industry
In 2012, the Austrian economy is expected to grow by 0.8%. The overall uncertainty remains, optimism in the Austrian industrial sector shrinks.
June 1, 2012
Austrian Banks Record Profits Due to Special Items
This year, Austrian banks achieved earnings of € 1.0bn. This does not relate to operating business, but with special items.
May 26, 2012
Corporate Lending in CEE Remains Stable
According to Bank Austria, financing to the corporate sector is holding up well, but a diverging performance among countries is likely to persist.
May 18, 2012
Economic Indicator: Slow Recovery Expected
The Bank Austria business indicator indicates a slight upward trend. In the second quarter, economic growth is expected to reach 0.2%.
May 16, 2012
Hungarian Bank Tax May be Abolished
The extraordinary bank tax in Hungary will be halved in 2013 and deleted in 2014, the government said. Austrian banks are relieved.
May 10, 2012
Bank Austria Posts Rising Profits
Net operating profit was up by 20 per cent, reflecting sound customer business, a flat cost trend and a further decline in the provisioning charge. Lending grew by 3.7% to € 133.4bn.
May 10, 2012
Hypo Group Prepares for Sale
The nationalized Austrian Hypo Group Alpe Adria sells its subsidiaries step by step. Before, the units should be spiced up.
May 4, 2012
Austrian Industry Maintains Recovery
On the one hand: strong employment growth was observed. On the other: falling orders and suggest a tough few months ahead for industry.
April 28, 2012
Vavti Appointed new CEO of UniCredit Bank Slovenia
With Stefan Vavti, the subsidiary of Bank Austria, UniCredit Bank Slovenia gets a new chief executive officer.
April 26, 2012
Tumpel-Gugerell Won´t Head VBAG´s Supervisory Board
Gertrude Tumpel-Gugerell will not become chairwoman of the Austrian bank VBAG as planned.
April 25, 2012
Former GDR Funds: Bank Austria Has to Pay € 245m
Bank Austria lost a Zurich retrial over German demands for repayment of more than € 245m linked to the former East German Communist Party.
April 21, 2012
Bank Austria: Bond Issue Significantly Oversubscribed
This week, Bank Austria issued a 7-year covered bond with a volume of € 500m.
April 21, 2012
Big Exposure in Spain and Portugal
In total, Austrian banks have an exposure of € 4.3bn in the financially stricken EU-countries Spain and Portugal.
April 19, 2012
Austrian Economy on Moderate Growth Course
Bank Austria Forecasts table growth until summer followed by chances of an upswing. Austria could achieve GDP growth of 0.8 percent in 2012 and 2 percent in 2013.
April 16, 2012
Strong Growth at UniCredit Leasing Austria
Volume of new business rises by 23.6 per cent to about € 943m. In 2011, UniCredit Leasing Austria expanded its market lead in Austria to a market share of 14.9 per cent
April 12, 2012
S&P: Austrian Banks Still Weakly Capitalized
The U.S. rating agency S&P regards Austrian banks to record high capital shortfalls.
April 11, 2012
Vienna Stock Exchange: Winners and Losers (2012-04-02)
Daily News Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
April 2, 2012 · Updated: April 2, 2012; 20:00
Bank Austria Considers Leaving East European Markets
UniCredit´s subsidiary may leave Baltic countries as well as Kazakhstan. CEO Cernko is optimistic to achieve more than € 1.0bn in profits this year.
March 30, 2012
Bank Austria: Higher Profits than Expected
Bank Austria posts net profit of € 209m despite burdens of € 1.2bn resulting from Greece, goodwill impairment and bank levies.
March 28, 2012
Poland Remains Attractive for Real Estate Investors
In its country report, Bank Austria sees Poland still as an interesting real estate market. Nevertheless, prime yields are declining already.
March 28, 2012
Bank Austria: Cernko Confirmed as CEO
Bank Austria’s Supervisory Board renews the term of office of Willibald Cernko and Rainer Hauser for another three years.
March 23, 2012
Cernko Claims Bank Rescue Fund
Bank Austria´s CEO Willibald Cernko wants the bank tax to be solely used for a stability fund in order to support financially stricken banks.
March 20, 2012
Modest Economic Spring With Upward Potential
Bank Austria Business Indicator for February confirms that the economic turnaround has already begun. The outlook is positive.
March 19, 2012
Croatian Banks: Rise in NPL Ends
Croatian banks do not expect any further hike in the level of bad loans, which surpassed 12 percent at the end of 2011, the national banking association HUB said.
March 19, 2012
Bank Austria Plays Down Hungary Risks
The head of UniCredit unit Bank Austria's central and eastern Europe business played down potential risks from Hungary in a magazine interview published on Friday.
March 19, 2012
Bawag to Refund Bank Aid in 2014 by Earliest
The U.S. owned bank was the only one in Austria which could increase its profits last year. The restructuring is successfully completed.
March 17, 2012
No Credit Crunch in CEE
Western European banks maintain the liquidity of their subsidiaries in Central and Eastern Europe. The equity provision is better than expected.
March 14, 2012
Austrian Supervisory Authority Published Guideline For Banks
The Austrian Financial Market Authority (FMA) has published a supervisory guideline to strengthen the sustainability of the business models of large internationally active Austrian banks.
March 14, 2012
Ghizzoni: „Austrian Bank Tax Is Painful“
The Chief Executive Officer of UniCredit, the holding company of Bank Austria emphasizes not to sell the Austrian subsidiary. The bank tax is “unfair”.
March 10, 2012
Cernko Criticizes VBAG Bail-Out
Willibald Cernko, CEO of Bank Austria considers that the Austrian state reacted too late. A partly nationalization could have taken place already one year before.
March 9, 2012
Spring Boost for Austrian Industry?
Bank Austria's Purchasing Managers' Index in February confirms trend reversal. A strong production growth thanks to solid gains in foreign orders is observed.
February 28, 2012
Austria Discussing Top Banks’ Capital Rules With EU Commission
Austria’s regulators are discussing rules for its top banks that will curb excessive lending in Central and Eastern Europe with the European Commission.
February 25, 2012
„Bank Austria´s Brand Will Remain“
Last year, it was said that Bank Austria´s brand will be abandoned. According to Helmut Bernkopf, board member at UniCredit, Bank Austria´s private banking business will be strengthened.
February 18, 2012
Cernko Against „Talking Down Austrian Banks“
Bank Austria´s CEO is strictly against an undifferentiated view on CEE-countries. Austrian banks with an exposure in the CEE region shall not be talked down.
February 17, 2012
Cernko: „Triple A Only in the Medium Term“
Bank Austria´s CEO Willibald Cernko does not think that Austria re-gains its “AAA” status within the next three years.
February 16, 2012
Turnaround for Austrian Economy?
Bank Austria´s business indicator states that the Austrian economy could return to growth. For the first quarter, a small growth rate is expected.
February 14, 2012
Vienna Stock Exchange: Winners and Losers (2012-02-13)
Daily Newsflash from Bank Austria: Upgrades and Downgrades, Winners and Losers.
February 13, 2012 · Updated: February 13, 2012; 17:59
Bank Austria Writes Off Greek Bonds
The Austrian subsidiary of the Italian UniCredit Group has to write off Greek sovereign bonds by € 100m.
February 13, 2012
Hungary: 160,000 Loan Takes Convert Foreign Currency Debt
According to the Hungarian Financial market authority, 142,000 Hungarian households repaid foreign currency debt. Further 19,000 are expected.
February 7, 2012
Losses in Hungary Keep Within a Limit
The deadline for the conversion of Hungarian foreign currency loans expired. Austrian banks think that their provisions are sufficient.
February 1, 2012
Turnaround for Austrian Industry?
According to Bank Austria, a rise in demand leads to a marked gain in new orders and triggers growth in backlogs of work. In 2012, the Austrian economy is predicted to start to expand again.
February 1, 2012
VBAG No Systemic Bank Anymore
After the sale of VBAG´s subsidiary VBI to Russian Sberbank, the bank will not be systemic anymore, the Austrian Financial Market Authority announced.
January 21, 2012
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