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Banking Industry
Industrial Location Austria Losing Attractiveness
Among other things, labor costs and energy prices are too high, according to the Austrian Federation of Industries.
April 16, 2014
Austria: RLB OÖ Rows Bank on Threat to Leave
Last year regional lender RLB OÖ (Raiffeisen Landesbank Oberösterreich), part of Raiffeisen group, saw a decline of six percent in its balance sheet totals while the operating results increased by almost three percent.
April 16, 2014
S&P Upgrades Polish Banking Sector
Rating agency Standard & Poor’s has upgraded the Polish banking sector from “negative” to “stable”.
April 16, 2014
Slovakia as a Role Model?
In an interview with Austrian daily “Wirtschaftsblatt”, Tomas Malatinsky, Economy Minister of Slovakia, talked about budget discipline, investments and tax policy.
April 16, 2014
Erste Group Bank AG: Full Year 2013 Company Report has been Published by FriedlResearch
Published in April 2014, this report contains in depth information and data about Erste Group and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecasts, plus a SWOT analysis.
April 15, 2014
RBI Terminates Business on Crimea
The Ukrainian affiliate of Raiffeisen Bank International (RBI), Bank Aval, has terminated its business activity on Crimea.
April 15, 2014
Fricke: “Man Needs Relatively Little Bank”
Fricke, chief economist at the European Climate Foundation and author of “Wie viel Bank braucht der Mensch?" (How much bank does man need?)
April 15, 2014
“Bank Rescue is a Crime”
Martin Ehrenhauser, leading candidate of the Austrian electorial alliance “Europa Anders”, which is running for the EU elections, has voiced harsh criticism about the saving of financial institutes.
April 14, 2014
Slovenia: Head of NLB Throws in Towel
On Friday France Ahar, President of the supervisory board of the biggest lender of Slovenia, state-controlled NLB, handed in his resignation.
April 14, 2014
Uncertainty in Eastern Europe Makes RBI Nervous
In the last few months, the frame conditions in Russia become more and more unpredictable for foreign investors. For RBI, Russia is the most important market.
April 12, 2014
Hypo Group Alpe Adria: Massive Losses in Italy
Last year, the distressed Austrian lender recorded losses in the amount of € 2.7bn. In Italy, losses were highest.
April 11, 2014
Raiffeisen Zentralbank Posts Better Results
The Viennese lender RZB, top institute of the Austrian Raiffeisen sector, posts a significant increase in net income. Nevertheless, the core tier 1 capital quota was down slightly.
April 11, 2014
Slovenia: Banka Celje Trying to Fend Off Bailout
The Slovenian lender is considering a capital increase to avoid national bailout.
April 11, 2014
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
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