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Banking Industry
Raiffeisen Branch to Leave Austria?
One of the provincial units of Raiffeisen Group, regional lender Raiffeisen Landesbank Oberösterreich (RLB OÖ), is considering relocating its headquarters to Germany.
April 11, 2014
Austria: VBAG Sells Malta Affiliate
Partly nationalized VBAG (Österreichische Volksbanken AG) has sold its banking affiliate VB Malta to Maltese Mediterranean Bank (MedBank).
April 11, 2014
Poland: Number of Consumer Loans Increases
According to Polish credit bureau BIK, the number of granted consumer loans has reached a new record.
April 11, 2014
Hypo Group: Disastrous Losses Revealed
Huge write-offs and value adjustments have sent losses of nationalized problem Hypo Group Alpe Adria soaring. Losses running into the billions are expected.
April 10, 2014
Poland: Key Rate Kept on Hold
The Monetary Policy Council of Poland has kept the key interest rate on hold since it ended easening in July last year.
April 10, 2014
Austria: Hypo Group’s Investigation Committee Ready for Action
The group of foreign experts at the investigation commission for Hypo Group Alpe Adria is supposed to guarantee the required objectivity. The first results are expected to be published at the end of the year.
April 10, 2014
Poland: NBP Posts No Profits
In 2013 the Polish National Bank (NBP) posted no profit.
April 10, 2014
Austria: Hypo Group Capitalized Again
The Austrian state has filled the capital hole of the ailing bank again.
April 9, 2014
Erste Group to be Relocated to the Czech Republic?
CEO of Erste Group, Andreas Treichl, has informed Czech President Milos Zeman about the bank’s intention to move to Prague in the coming years.
April 9, 2014
Hypo Group: Former CEO Sentenced to Prison
Former CEO of Hypo and investor Tilo Berlin was sentenced to more than two years in prison.
April 9, 2014
Poland: BZ WBK to Take Over Santander Consumer Bank
Bank BZ WBK was given the go-ahead by the Financial Market Regulator KNF to acquire a 60 percent stake in retail bank Santander Consumer Bank (SCB) from their joint parent bank Banco Santander.
April 9, 2014
IMF Upgrades Growth for Slovenia
In its latest report the International Monetary Fund has raised its projection for GDP growth in Slovenia.
April 9, 2014
Austria: Government Wants “Restrictive Budget Performance”
Today the Austrian government has decided upon a “restrictive budget performance.
April 8, 2014
Fitch: Polish Rating Foundations Very Solid
As reported by news portal “Warsaw Voice”, rating agency Fitch considers the Polish credit rating foundations to be very solid.
April 8, 2014
Poland: Banks to Enhance Bond Issues
The Polish banks are expected to increase the value of bond issues in the next years.
April 8, 2014
Hypo Group too Expensive for BayernLB
According to an official expert, regional German lender BayernLB’s fatal decision to take over Hypo Group Alpe Adria was based on questionable company evaluations.
April 7, 2014
RBI Awarded Best Bank in CEE Once Again
Global Finance Awards: RBI again “Best Bank in CEE”.
April 7, 2014
Hypo Group: Heavy Burden for Austrian Fiscal Position
The Austrian National Bank, however, expects the structural medium-term budgetary objectives to be achievable.
April 7, 2014
RBI to Shut Down Affiliates on Crimea
The Ukrainian affiliate of Raffeisen Bank International (RBI) is closing all its affiliate on Crimea until mid-April.
April 7, 2014
Poland: No Danger of Deflation
According to Marek Belka, governor of the National Bank of Poland (NBP), there is not threat of deflation.
April 7, 2014
Hungary: Clear Victory for Orban
Today, Hungary has held parliamentary elections. Despite controversial and radical reforms, Prime Minister Orban was confirmed.
April 6, 2014
ECB Puts Pressure on Hypo Group
The distressed Austrian nationalized lender has no access to the Eurosystem monetary policy credit instruments. About ten potential buyers might be interested in the Balkan lender.
April 5, 2014
Treichl: „The U.S. Have Solved the Crisis Better“
Andreas Treichl, CEO of the Vienna-listed lender Erste Group, thinks that everything takes too long in Europe. The communication between banks and the government is insufficient, Treichl says.
April 5, 2014
Austria: Carinthia Reluctant to Pay for Hypo Group
The Austrian province of Carinthia rejects contributing to the downsizing costs of nationalized Hypo Group. Finance Minister Spindelegger insists on € 500m and threatens with sanctions.
April 4, 2014
Bosnian Billionaire to Acquire Hypo Group?
The Finance Ministry confirmed the announcement and is now examining the offer.
April 4, 2014
Poland: PKO BP to Help Finance Ukrainian Enterprises?
The biggest financial institute in Poland could get involved in a project financing Ukrainian businesses.
April 4, 2014
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
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
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