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Banking Industry

RBI: Economic Recovery Despite Geopolitical Tensions

Economic upswing vs. geopolitics.

April 4, 2014

Austria: Capital Increase for Hypo Group Decided

The Austrian problem bank Hypo Group Alpe Adria will receive € 750m in fresh capital.

April 4, 2014

VBAG: No State Aids in 2014

The restructuring of VBAG Group is supposed to be completed until 2017, as announced by the banking group. From currently 48 regional bank shops in Austria nine regional banks are supposed to remain.

April 3, 2014

Poland: NBP to Stabilize FX Reserves

The Supreme Audit Chamber NIK in Poland called upon the National Bank in Poland (NBP) not to increase in foreign-exchange (FX) reserves but stabilize its level.

April 3, 2014

Hungary: OTP Approaches Acquisition of MKB

MKB, the Hungarian loss-making affiliate of German regional lender BayernLB, is approaching its acquisition by the biggest lender OTP.

April 3, 2014

Poland: Banking Industry Expects Improvement in Results

The Polish banking sector expects net profits to increase in 2014.

April 3, 2014

Austria: Dispute about Bank Tax Culminates

The establishing of a new fund for the banking union will become a financial burden for banking institutes.

April 3, 2014

Oberbank: Slow Expansion Strategy to be Continued

The Austrian regional bank starts to enter the stage in two German states. The net income has reached a new record level.

April 2, 2014

CEE: Economy Could Become More Vulnerable to Crimea Crisis

If the political crisis in Crimea aggravates negative effects in the economy could soon become evident.

April 2, 2014

PKO BP Closes Takeover of Nordea

According to the Polish Bank, the takeover of the Polish affiliate of the Swedish banking group is concluded.

April 2, 2014

Poland: Banks Post Profit of PLN 25bn

In the financial year of 2013 Polish banks posted profits of more than PLN 25bn, as reported by Polish daily Dziennik Gazeta Prawna citing figures by the Polish Financial Market Regulator KNF.

April 2, 2014

Austria: “Financial Crisis is Not Yet Over”

Deputy Chancellor and Finance Minister Michael Spindelegger considers the financial crisis not to be completely over.

April 2, 2014

Austrian RBI Under Pressure

The Austrian National Bank (OeNB) and the Austrian Financial Market Authority (FMA) want Raiffeisen Bank International, the second-biggest lender in CESEE, not to repay the participation capital.

April 2, 2014

Austria: Faymann Insists on Bank Levy

Chancellor Faymann intends to keep the bank levy in spite of the planned insolvency fund, which is going to be established EU-wide.

April 1, 2014

Austria: Fitch Warns Banks of Risk with Business in Russia

The menacing sanctions against Russia with regard to the political crisis in Crimea could become a severe danger for Austrian banks.

April 1, 2014

Austria: Chancellor Calls for Reform of Investigation Committee

Chancellor Werner Faymann has today expressed his wish for a fast reform of parliamentary investigation committees.

April 1, 2014

Czech Republic: Banks’ Net Profits Decline

The majority of large banks operating in the Czech Republic have to face profit losses for the business year 2013.

April 1, 2014

Austria: Spindelegger Expects Significant Increase of Deficit

According to the Finance Minister, the consequences of the Hypo-disaster are “dramatic”. However, he does not see a danger of deflation.

April 1, 2014

Austria: Economic Recovery Remains Modest

Political clouds over economic recovery.

April 1, 2014

Hypo Group: Settlement Rejected by BayernLB

The majority stockholder of BayernLB, the former parent company of Hypo Group Alpe Adria, is not willing to negotiate about a settlement with the Austrian problem bank.

April 1, 2014

Ten Years After The 2004 EU Enlargement: Achievements and Next Steps

International Conference, Vienna, 24-25 April 2014

March 31, 2014

BayernLB: “Odd“ Sponsoring Contracts in Carinthia

Former managers of the German regional bank are under suspicion of having bribed then-governor of the Austrian province of Carinthia.

March 31, 2014

Romania: Key Interest Rate Remains Unchanged

The central bank of Romania has left the main interest rate unchanged.

March 31, 2014

Austria: Dispute about Hypo Credit to Alpine

The granting of a loan to Alpine Bau, which went bankrupt soon afterwards, in the amount of € 25m by Austrian problem bank Hypo Group Alpe Adria has become an issue of the Austrian prosecution.

March 31, 2014

Poland: Raiffeisen Polbank Increases Net Profit

Net profits for Raiffeisen Polbank, the Polish branch of the Austrian lender, achieved a considerable increase in net profits.

March 31, 2014

Austria: VBAG Downgraded to Junk Status

Moody´s has lowered VBAG´s rating. According to the rating agency, the partly nationalized Austrian bank has no investment grade anymore.

March 29, 2014

KA Finanz: No More State Aids Necessary

The nationalized Austrian bad bank has finished the loss-making sale of credit default swaps. In the last six years, KA Finanz has downsized radically.

March 29, 2014

Hypo Group: “The People are Really Pissed Off“

According to Werner Kogler, financial spokesman and deputy party leader of the Austrian Greens, the Hypo commission appointed by the government is an “intolerable escape attempt”.

March 28, 2014

Austria: Industrial Production Loses Momentum

Austrian industry loses some momentum after strong growth at the start of the year.

March 28, 2014

Poland: Interests on Bank Deposits to Remain Low

Interest rates will only be raised at the end of 2014.

March 28, 2014

Hypo Petition Puts Pressure on Austrian Government

The support of the online petition for the establishing of an investigation committee has gained more than 105,000 supporters which puts increasing pressure on the government.

March 28, 2014

Austria: Moody’s Confirms Rating and Outlook for Carinthia

US rating agency rewards the government’s solution about Hypo Group with a confirmation of the creditworthiness of the province of Carinthia.

March 28, 2014

Austria: S&P Confirms Rating

US rating agency Standard & Poor’s has confirmed the Austrian rating at “AA+” with a stable outlook.

March 28, 2014

RBI to Keep Hungarian and Ukrainian Affiliates?

Raiffeisen Bank International (RBI) considers keeping its affiliates in Hungary and Ukraine.

March 27, 2014

Austria: Economic Growth Slowly Getting in Gear

Wifo (Austrian Institute of Economic Research) projects economic growth in Austria to revive again only at the end of this year.

March 27, 2014

Austria: Hypo Commission Soon Ready to Investigate

The government’s commission for the investigation of Hypo Group’s nationalization is supposed to begin its assignment in one or two weeks.

March 27, 2014

RBI: Profit Shrinks by Almost A Quarter

RBI with consolidated profit of € 557 million Austria’s most profitable bank for the fourth time.

March 27, 2014

Raiffeisen Group: Uncertain Future

On Thursday Raiffeisen Bank International (RBI) will present the annual figures of 2013.

March 26, 2014

Poland: Good Starting Point for Economic Growth

Economic growth for 2014 is expected to accelerate to 3.1 percent to 3.2 percent in the first quarter while for the full year it is anticipated to come at 3.5 percent, according to Polish Economy Minister Janusz Piechocinski.

March 26, 2014

BayernLB Threatens Hypo Group with Damage Claims

BayernLB, former parent company of Hypo Group Alpe Adria International, is threatening to claim damages from its former affiliate.

March 26, 2014

Hungary: 20th Consecutive Interest Rate Cut

The Hungarian central bank has cut the key interest rate by 10 basis points to 2.6 percent.

March 26, 2014

Austria: High Support for Hypo Group’s Investigation Petition

According to a decision in the petition committee, the online petition for the investigation of the nationlization of ailing Hypo Group Alpe Adria will be open for signing until the next committee meeting in June.

March 26, 2014

Poland: Economy Proves Immune to Ukrainian Crisis

According to Governor of the Polish National Bank (NBP) Marek Belka, the Polish economy has so far proved stable and almost remained unaffected by the political crisis in Ukraine.

March 26, 2014

Hungary: Orban Striving to Become PM Again

In an attempt to gain another four years as head of the government Hungarian Prime Minister Viktor Orban praises the country’s achievements in the past years since his Fidesz party came into power.

March 26, 2014

Poland: Promising Years Ahead

Poland observes the crisis in Ukraine with great concern, but does not forget to upgrade national resources.

March 25, 2014

Austria: Unemployment Rate to Remain at Record High

The Austrian unemployment rate is expected to remain at a record high even in 2015.

March 25, 2014

World Bank: Serbia Has Nine Month to Implement Reforms

According to Tony Verheijen, the World Bank’s Country Manager of Serbia, Serbia has nine month to implement the reforms necessary.

March 25, 2014

Poland: Number of Real Estate Loans Drops

The portfolio of real estate loans of Polish households declined in February, according to a report by the National Bank of Poland (NBP).

March 25, 2014

Spindelegger: Investigation Committee “Counterproductive“

According to the Finance Minister, an investigation committee would only worsen the negotiation position with BayernLB.

March 25, 2014

Hypo Group: Spindelegger Still Rejects Investigation Committee

Today the opposition will call for a joint request for a parliamentary investigation committee with regard to ailing bank Hypo Group.

March 25, 2014
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