Banking Industry

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

Good Prospects for Kärntner Sparkasse

The regional bank was able to improve its operational result significantly last year. But Slovenian results still hinder profits.

March 16, 2011

VBI: Romania Remains a Weak Point

The foreign holding of the Austrian Volksbanken group has to cope with credit risk provisions for € 160m from its Romanian subsidiary.

March 16, 2011

Bank Employees’ Salaries Increase at an Average of 2.3%

The union is satisfied with the salary increase of collective agreements for bank employees.

March 15, 2011

RLB Upper Austria Intends to Grow in Russia

The regional bank Raiffeisenlandesbank Upper Austria (RLB) purchased a 2.95% share in the South Russian Krayinvestbank in Krasnodar.

March 14, 2011

Upward Trend for Erste Group and Raiffeisen

The two Austrian players rise slightly in the ranking of the world's biggest banks. Erste Group is among the top 100.

March 12, 2011

Banks: No Agreement on Salary Negotiations

No agreement has been reached either in the fourth round of collective negotiations for bank employees. The situation is worsening.

March 9, 2011

Austrian Clearingbank Concludes Activities

The activities of the Oesterreichische Clearingbank, founded in 2008 to handle liquidity shortages at commercial banks end presently.

March 5, 2011

Increasing Profits for BKS

The Carinthian/Styrian regional bank could increase net earnings after taxes by 14.8%.

March 4, 2011

Profit Record for Erste Group

Austrian Erste Group increases 2010 net profit by 12.4% to € 1,015.4 m on strong operating result and lower risk costs.

February 26, 2011

Erste Group: Strong Increase in Lending

The Austrian Erste Group granted € 7.8bn loans in 2010 and expects demand for credit to rise in 2011 and 2012.

February 25, 2011

Tightening of Credit Policy Expected

The new Basel III rules will result in a tightening in lending, especially for small and medium-sized enterprises.

February 25, 2011

Saving in Austria Still Popular

Erste Bank’s forecast on savings and credit trends: Austrians plan to set aside approximately € 5,460 in 2011.

February 22, 2011

Record for Austrian Savings & Loan Associations

Savings & loan associations exceeded the one million mark for the second time in 2010. Cash disbursements amounted to € 3.1bn.

February 19, 2011

Hypo Group: Losses up to € 1.3bn

The emergency-nationalized Hypo Group is deep in the red zone as the result of high provisions and value adjustments.

February 19, 2011

Erste Group manages € 1.25bn increase of Slovak Bonds

Strong interest for the Slovak sovereign bonds offering: total orders amounted to € 1.9bn from over 100 investors.

February 19, 2011

Bizarre Allegations of Meinl against Atrium

The ongoing conflict between the Austrian bank and the US-Israeli real estate fund shows new and unusual facets.

February 16, 2011

Erste Bank Hungary CEO to resign

Edit Papp, the CEO of Erste Bank Hungary, has decided to pursue other professional opportunities and therefore announced her resignation.

February 16, 2011

Accusations against Hypo Group in Slovenia

The Austrian bank is under investigation because of suspicious real estate and financial transactions.

February 15, 2011

Stepic: Austria is Destroying its Business Location

The CEO of Raiffeisen International Bank (RBI), Herbert Stepic, considers the domestic business location to be in grave danger.

February 12, 2011

Hypo Group Changes Leadership in Slovenia

Both the Slovenian subsidiary bank and the leasing company will receive a new leadership for "restructuring reasons".

February 10, 2011

RBI Faces an Increase in Equity

The Austrian Raiffeisen Bank International will strengthen its equity, announces Attorney General Konrad.

February 8, 2011

National Bank Warns against Foreign Currency Loans

According to the governor of the Österreichischen Nationalbank (OeNB, Austrian National Bank), Ewald Nowotny, the sum of pending foreign currency loans in Austria is € 54bn.

February 3, 2011

Austria's Credit Industry Appeals to the Constitutional Court

The price gains tax introduced as of January 1, 2011 encounters legal resistance. The Banking Division of the Chamber of Commerce announced a complaint of unconstitutionality.

February 2, 2011

Hypo Upper Austria Reports stable Profits

According to the management, the regional bank could exceed its own expectations. Annual profit was € 27m.

February 1, 2011

Atrium: "Meinl Exploited its Position as a Trustee”

After the repayment of the convertible bond to the Austrian Meinl Bank, the real estate funds considers the calling as "blatant unlawfulness."

February 1, 2011
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