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Bank Austria

“GemeindeMilliarde” Initiative of Bank Austria Extended

In view of strong demand from municipalities Bank Austria expands GemeindeMilliarde initiative by a further € 500 m

March 26, 2011

Bank Austria: Operating Performance Improved, Net Profits Decline

The Austrian subsidiary of UniCredit announces net consolidated profits of € 747m (-32%). Profits before taxes are down by 14%.

March 24, 2011

Good Prospects for Austria's Electric Industry

In its industry report, Bank Austria considers there is a sustainable recovery for the electric industry in spite of continued price pressures.

March 23, 2011

Hypo Group Starts Sales

The emergency-nationalized Carinthian Hypo Group is to sell its Austrian and Italian subsidiary in the coming weeks.

March 19, 2011

The Madoff Affair: Austria Gets Into the Focus of U.S. Authorities

In the course of the Madoff fraud case, an American legal assistance request has now been filed before the Austrian justice system. Austrian banking circles are involved.

March 1, 2011

150 New Bank Austria Branches in Eastern Europe

The new board of the CEE Division of Bank Austria presented the group's expansion plans for Eastern Europe. By 2015, 900 branches are to be added.

February 9, 2011

Strong Increase of Industrial Growth at the Beginning of the Year

The Bank Austria Purchasing Managers Index shows a strong increase in production in January 2011 due to accelerated order growth.

January 29, 2011

New Heads of Credit Risk Management at Bank Austria

Heinz Tschiltsch new head of CEE Credit Operations, Harald Brückl responsible for Special Credit Austria department.

January 28, 2011

Austrian Inflation to be well above 2% in 2011

Temporary price-drivers of fuels, commodities as well as the budget consolidation spurring inflation on, but lack of cyclical inflationary pressures.

January 27, 2011

Change in Leadership at Bank Austria

Paolo Fiorentino, has been elected as Chairman of the Supervisory Board of Bank Austria. Francesco Giordano will act as future Chief Financial Officer.

January 22, 2011

Bank Austria: Bank of Moscow is No Longer an Issue

Bank Austria will not submit an offer for the Bank of Moscow, against all market speculations. Instead, it will open its own branches.

January 20, 2011

Recovery slows down in Austria

The Bank Austria Business Indicator sees the recovery slowing down. The manufacturing industry shows itself optimistic, consumers a little more subdued.

January 15, 2011

Bank Austria Increases its CA-Immo Stake

The UniCredit-subsidiary intends to acquire a major stake of the Austrian real estate company CA Immo.

January 15, 2011

Bank Austria Bids for Bank of Moscow

The UniCredit subsidiary is reported as holding talks with the Bank of Moscow to acquire a 46.5% stake.

January 14, 2011

Austrian Industry Remains on Growth Course

Bank Austria Purchasing Managers’ Index down slightly in November, but strong growth persists. Order intake increased as well as employment.

January 1, 2011

Bank Austria CEO Cernko: Austrian Banks Fight Securities Tax

The CEO of Bank Austria, Willibald Cernko, was interviewed by the newspaper “Kurier”. He announced that Austrian Banks will call the Constitutional Court.

December 29, 2010

Higher Bank Tax for Bank Austria

The UniCredit-subsidiary Bank Austria will have to pay a bigger amount of the bank tax in 2011. The contribution in the following year decreases.

December 27, 2010

Analysts Predict Good Year for ATX

According to analysts, the Vienna Stock Exchange will experience a favourable performance in 2011. However, 2011 won´t surpass 2010.

December 27, 2010

Bank Austria-Fund “Real Invest Europe” Opens as from 21 December 2010

Revaluation of property portfolio complete. Commercial property in Stuttgart sold at market price.

December 21, 2010

Bank Austria´s Economic Analysis: 2% Growth in 2011

The analysis of the Austrian economy forecasts a strong recovery. Improvements in the labour market will continue, but the positive trend weakens.

December 16, 2010

New Head for Bank Austria´s CEE Division

Gianni Franco Papa designated to head Bank Austria’s CEE operations. The experienced manager is responsible for the Group’s planned growth.

December 15, 2010

Madoff Affair: Accused Defend Themselves

The accused Sonja Kohn and Stefan Zapotocky defend themselves vehemently against accusations and allegations. Both are, according to the accusation, part of the Madoff system.

December 14, 2010

Madoff Proceedings: Billion Lawsuit against Bank Austria

The former chairman of Bank Medici, Sonja Kohn, is said to have managed the Madoff system for years. A lawsuit has been filed from the US.

December 13, 2010

Bank Austria: Growth Potential for Real Estate in Romania and Bulgaria

Despite the signs of economic revival, Bulgaria and Romania markets are still largely being ignored by international investors, says Bank Austria.

November 29, 2010

UniCredit: Expansion to the Czech Republic, Poland and Turkey

UniCredit’s subsidiary Bank Austria functions as an Eastern Europe Holding. 40% of the net income of the group comes from the region by now.

November 19, 2010

Austria´s Economy: Recovery Accelerates

According to the Report of Bank Austria “Austria´s Economy”, GDP increases stronger than expected. The labor market experiences some weaknesses.

November 15, 2010

Mechanical Engineering Returns to High of Growth

The sector experienced a decline of output capacity by 22% in 2009, revenue in the sector dropped 24% to € 14.7bn. In 2010, production will grow by 8%.

November 15, 2010

UniCredit CEO Ghizzoni: Counting on eastern growth

The eastern business should be expanded, says Ghizzoni, CEO of the parent company of Bank Austria.

November 10, 2010

Bank Austria: Results for the First Nine Months of 2010

Bank Austria experienced a significant drop in profits as well as operating results. However, the third quarter of 2010 showed an outstanding performance.

November 10, 2010

Bank Austria CEO Cernko: No More Bank Tax Soon

Due to Basel III, location reasons and to safeguard jobs, the bank tax will only be effective temporarily, according to Cernko

October 22, 2010

UniCredit SpA has appointed Federico Ghizzoni as its new chief executive

Italy's biggest bank UniCredit SpA named central and eastern European head Federico Ghizzoni its chief executive as expected on Thursday and underscored its commitment to an international role.

October 1, 2010

Bank Austria: Primeo-investor Wins in First Instance

An investor asked Bank Austria to sell her Primeo participation two months before the Madoff fraud was busted, but Bank Austria has not paid up yet.

September 27, 2010

UniCredit: Andrea Orcel is Possible Successor to Profumo

Andrea Orcel, chief executive of the Global Banking and Markets division of Bank of America Merrill Lynch is rumored to be the favorite in the race to succeed the retiring UniCredit CEO Alessandro Profumo.

September 24, 2010

Madoff Fund Report: Enormous Fees Without Any Value Added

After 9.5 years, 50,000 euro would have been eaten up by the "Primeo Select Fund" because of the high fees, is the opinion of an investors’ lawyer about the monies invested by Bank Austria with Bernie Madoff.

September 22, 2010

CEE Banking Sector Report: Still More Credit Losses in the East

The number of bad loans is expected to increase considerably in some Eastern European countries, a Raiffeisen-analysis shows.

September 21, 2010

Hungary gives bank tax its blessing

The new Hungarian Prime Minister Viktor Orban will not abandon the highly controversial tax, as decided in Parliament.

July 22, 2010

Slowdown expected in the third quarter

A return to recession is not expected according to economists at Bank Austria, but the peak was now surpassed.

July 13, 2010

Bank Austria’s Snowball clause illegal

The unilateral termination right of Bank Austria in its "Callable Snowball Floater " is unlawful according to the Supreme Court (OGH).

July 6, 2010

Bank Austria sees euro zone as main risk for growth

Institute raises forecast for 2010 slightly to 3.1 percent

June 28, 2010