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Banking Industry

Erste CEO Aims to Repay State Capital Before End-June

The Austrian bank is negotiating the terms of refunding € 1.2bn for which it currently pays 8% interest per year.

May 19, 2011

ÖVAG: Strong Provisional Results for Q1 2011

Österreichische Volksbanken-AG Group (VBAG) expects a quarterly result of € 32m. The AGM concludes the combination of VBAG and Investkredit.

May 19, 2011

Kärntner Sparkasse Planning Partial Pull-Out of Italy

The Austrian regional bank intends to close a part of its Italian branches. The credit business has suffered from the crisis; the future focus will be on deposits and private banking.

May 18, 2011

Bank Austria Starts the Year with Net Profit of € 341m

Operating profit up by 8 per cent to € 851 m compared with Q1 2010, driven by strong revenue trend in commercial banking business and flat cost development

May 14, 2011

Expansion Plans at Erste Group and Raiffeisen

RBI is drawn increasingly to the Czech Republic, while the Erste Group focuses on the Polish banking market.

May 13, 2011

Radovan Jelasity appointed CEO of Erste Bank Hungary

Radovan Jelasity (43) will join Erste Bank Hungary as of 1 June 2011. Subsequent to the approval of the respective Hungarian authorities, he will be appointed Chief Executive Officer (CEO).

May 10, 2011

UniCredit Leasing Still Number 1 in Austria's Leasing Market

With an increase of 43 per cent in the new business volume to €763m and a market share of 13.3 per cent, UniCredit is the clear market leader in Austria in 2010 again

May 10, 2011

Raiffeisen International Bank Intends to Get Further Involved in Poland

After the purchase of the Polbank in February, the Austrian RBI seems to be interested now in the Polish DZ Bank. Its chances are however considered to be low.

May 10, 2011

Contradictions Regarding Expenditure for Bank Package

According to Eurostat, € 1.4bn more were spent on bank assistance than the corresponding revenues. The Ministry of Finance contradicts this.

May 7, 2011

ÖVAG in the Black Again

The central institution of the Austrian Volksbanken was able to achieve a profit of € 67.6m in 2010 after losses for € 24.5m reported in 2009.

May 6, 2011

Erste Group Launches Rising Markets Indices

Erste Group launches Rising Markets Indices for bonds and equities focusing on high-opportunity countries. Country selection based on criteria such as GDP growth, population growth, anti-corruption measures and standard of living.

May 3, 2011

Strong Earnings Growth for Hypo Steiermark

The operating profit of Hypo Steiermark rose to 21.5 million euro, more than doubling the previous year’s result.

April 30, 2011

Raiffeisen Postpones Stock Exchange Plans

The banking group has to postpone for two or three years the IPOs of the agricultural holdings NÖM and LLI planned for 2011.

April 29, 2011

Erste Group Reports Small Profit Increase

Erste Group increases Q1 2011 net profit to € 260.6 m on lower risk costs, despite negative impact from banking taxes.

April 28, 2011

Decline in Profits for Wiener Privatbank

The profits of the Privatbank fell by 34% in 2010. The bank reported an equity ratio of 48% on the 2010 balance sheet date (31 December 2009: 44%).

April 28, 2011

Lending Behavior of Banks Remains Stable

The credit policy of Austrian banks remained stable for the third year running in the first quarter of 2011 and it is also expected to remain unchanged in the second quarter of 2011.

April 28, 2011

Hypo Tirol Continues Restructuring Process

The Supervisory Board of the Austrian regional bank appoints two new board members. Furthermore, withdrawal from Germany and Switzerland is to take place.

April 27, 2011

Erste Group Wins Lawsuit in Sweden

In a legal dispute over shares in a Swedish bank worth € 225m, the position of the Austrian Erste Group was able to prevail.

April 21, 2011

Capital Requirement of Austria's Banks: € 19bn

According to the Austrian National Bank, domestic banks needed at least € 19bn in equity capital by 2010 to meet capital requirements.

April 21, 2011

Strong Profit Growth for Raiffeisen Landesbank Niederösterreich-Vienna

The annual income of the regional bank rose by 80.5% to € 308.6m. The operating profit grew by 57.8%.

April 20, 2011

Decrease in Profit at Hypo Lower Austria

Despite improvements in operating profits, net profit of the company drops from € 19.8m to € 7.1m.

April 19, 2011

Erste Group Manages € 1.00bn increase of Slovak sovereign bonds

Total orders at approximately € 1.4bn from almost 80 investors . Approx. 80% have been subscribed internationally, mostly from Czech, Germany, Austrian, Benelux and Asian investors

April 18, 2011

ÖVAG Group Achieved Turnaround in 2010

Operating results rose by 34% against 2009, profit after taxes was € 55m. The government participation capital will be refunded this year.

April 18, 2011

ÖVAG to be Split

Resolution to transfer the banking business of Österreichische Volksbanken-Aktiengesellschaft (ÖVAG) to Investkredit Bank AG by way of de-merger planned for 19 May 2011.

April 16, 2011

Raiffeisen Zentralbank Posts 57% Increase in Profits

Profit before tax: € 1,292 million (+56.8 per cent) - Return on equity before tax 12.5 per cent (+3.7 PP).

April 15, 2011

Households are Relying Increasingly on Managed Financial Products

Almost half the savings of Austrian households were invested in mutual fund shares, life insurance or pension funds, i.e. in managed financial products.

April 15, 2011

Kommunalkredit within the Profit Sector

After the split of the former Kommunalkredit in November 2009, the KA has exceeded profit targets with a provisional net profit of € 24.7m.

April 14, 2011

AutoBank‘s Figures Slightly Negative

The Austrian specialist bank could improve its results and market position slightly. The forecasts were exceeded, according to AutoBank.

April 13, 2011

Erste Bank takes over Intermarket Bank

With the acquisition of the Polish subsidiary of Commerzbank, Erste plans to significantly expand its corporate business and invests in factoring.

April 11, 2011

ÖVAG Participates in the Stress Test

Unlike last year, the Austrian Volksbanken group (ÖVAG) is to participate in the EU-wide stress testing of banks. 5% equity is assumed as lower limit.

April 9, 2011

Raiffeisen Bank International Posts Consolidated Profit of € 1.1bn in 2010

Consolidated profit rises 141.5 per cent year-on-year to € 1,087 m (pro forma 2009: € 450 m)

April 9, 2011

Corporate Banking: Bank Austria still dominant

Corporate banking is an important pillar of business for Bank Austria, generating € 899 m or one fourth of the total operating result. The market share is 89%.

April 9, 2011

Austria’s Exposure to Portugal: € 433m

France is clearly the larges creditor of the troubled country. Portugal owes Austria € 433m.

April 8, 2011

Koren Leaves Bawag

Bawag P.S.K. announces that the Deputy Chief Executive Officer Stephan Koren will not be available for an extension of his term of office as of 1 May.

April 5, 2011

Bank Schelhammer & Schattera with Stable Results

The operating results of the Austrian bank are at the same level as in the previous year. Lending volume and customer deposits increased slightly.

April 5, 2011

Increase of Profits at RLB Tirol

Raiffeisenlandesbank Tirol registered a higher yearly net profit despite falling income. Risk provisions were greatly reduced.

April 5, 2011

Slight Rise in Results for Sparkasse Oberösterreich

The regional bank could achieve an operating profit of € 96m in 2010. This enabled the pre-crisis levels to be reached again.

April 2, 2011

Hypo-Group Restructuring to be Completed by 2012

The bank that was emergency nationalized in 2009 suffered a loss of about € 1.06bn in 2010. The current year should end up balanced.

March 31, 2011

Weinviertler Sparkasse and Erste Bank to merge

The Merger is planned for September 2011, which is seen as "Logical next move" after the acquisition in 2009.

March 31, 2011

OeNB: "Positive Signals from the Banking System"

The expected consolidated net income of Austrian banks rose to € 4.58bn, generated in large part on foreign markets.

March 30, 2011

BTV with Record Figures in 2010

The regional bank for Tyrol and Vorarlberg was able to increase its net income from 20.4% to 61.8%.

March 26, 2011 · Updated: March 26, 2011; 13:03

“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

ÖVAG Bundles Real Estate Activities

Austrian Volksbanken-AG (ÖVAG) bundles its real estate activities in the competence center "VB Real Estate Services”.

March 24, 2011 · Updated: March 24, 2011; 01:17

Bawag Announces Being Back in Black

Despite the continued difficult economic environment and the increasing regulatory burden, BAWAG P.S.K. realised good results in 2010, with an annual overall net profit recorded for the first time in four years.

March 24, 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

RLB Upper Austria Records Massive Increase in Earnings

Raiffeisenlandesbank Upper Austria (RLB) shows an increase in operating profits by 66.1%.

March 21, 2011

Austrian National Bank Expects Tougher "Stress Tests"

The EU-wide bank stress tests planned for 2012 should turn out to be more rigorous, according to the Oesterreichische Nationalbank (OeNB).

March 19, 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

Steiermärkische Sparkasse Doubled Profits

The general recovery in the Austrian banking sector in 2010 was also felt by the regional banks. Yearly net income increased from € 41m to € 79m.

March 17, 2011

Bawag: Successful Return to Profitability

The Austrian bank, which is held by the American Cerberus fund, achieved a profit of € 125m in 2010.

March 17, 2011
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