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Hypo Group: CESEE Units to be Sold Until Mid-2015
The threatened compulsory sale of nationalized Hypo Alpe Adria Group by the EU Commission until the end of this year, was, according to information by the Finance Ministry, fended off. An additional burden of € 2bn might await the Austrian taxpayers.
July 1, 2013
Erste Group to Pay Back € 1.8bn in State Aid
The Austrian banking institute plans on not only paying back its debts at the state but also to significantly increase equity capital.
June 24, 2013
Slovenia: NKBM Still In the Reds
Particularly high risk provision caused the bank a net loss of € 8.5m. Even for the whole of 2013, losses are expected.
May 31, 2013
Hypo Group to Get a Bad Bank?
Chancellor Faymann confirmed negotiations about the establishing of a bad bank for non-performing loans.
April 30, 2013
Austria: Porr to Increase Capital
Listed construction company Porr AG intends to get up to € 20.7m from the stock exchange. The offer only includes selected investors and existing shareholders.
April 25, 2013
Conwert to Increase Capital Up to 50 %
Management wants to be given go-ahead from shareholders at the next general meeting for the increase of capital of up to 50 %.
April 10, 2013
Good Year for Austrian Banks in 2012
The consolidated financial statements after tax and minority shares increased from € 711m to € 2.97bn.
March 20, 2013
Bank Austria To Boost Capital Base
CEO Cernko wants Eastern Europe to play an important role again in the future.
March 19, 2013
Red Bull Sells More Than 5bn Cans Worldwide
Energy drink producer Red Bull was able to increase turnovers by almost 16 %, totaling € 4.93bn.
March 15, 2013
Austria: Rise in Profits to be Expected for Verbund
Specialists predict a plus in profits while revenues receded by approx. 17 %.
March 5, 2013
Austria: Insurance Company Allianz Gains Profits
Allianz Austria was able to continue its upward trend and gained around 20,000 new customers in 2012.
March 5, 2013
Bawag Concludes Capital Increase of € 200m
Equity capital raise from current shareholders and investors further strengthens BAWAG P.S.K.’s capital position. Cerberus´ share goes down to 52%.
December 28, 2012
Hypo Group: Cash Contributions Come at € 500m
The Austrian state has to inject another € 500m in the financially stricken nationalized bank. Furthermore, guarantees will increase by € 1.0bn.
November 14, 2012
Erste Group Supports Romanian BCR
The Austrian bank Erste Group injects € 111m in Romanian BCR.
November 7, 2012
Bawag: Hungarian Exposure Shrinks
The Austrian bank gradually withdraws from Hungary. The stake in MKB Bank becomes smaller.
October 23, 2012
Capital Increase at voestalpine
The Austrian steel company resolves to increase registered capital by 2% in order to further expand employee shareholding scheme.
September 12, 2012
Kommunalkredit: Small Profit, Big Risks
In the first six months, the nationalized Austrian Kommunalkredit bank could generate a net income of € 16.2m. Further capital injections are likely.
August 4, 2012
Austerity Program at RBI
Raiffeisen Bank International´s CEO Herbert Stepic is against a capital increase. The market conditions would be unfavorable.
July 20, 2012
Bank Austria: Major Investment at Russian Subsidiary
UniCredit Group increases the equity base of the Russian subsidiary.
July 14, 2012
Sberbank to Provide € 300m for VBI
The Russian Sberbank intends to inject € 300m into the Austrian VBI (Volksbank International). Growth into the CEE region should be promoted.
July 13, 2012
€ 500m Cash Capital Increase by Uniqa Completed
Upon termination of the subscription offer, Austrian UNIQA Versicherungen AG has placed all 47,619,048 new shares offered in the cash capital increase.
July 13, 2012
Vienna Airport to Build Third Landing Strip
Vienna International Airport is now entitled to start the construction works oft he third landing strip. The construction works will take two years.
July 11, 2012
Uniqa Initiates Cash Capital Increase
The Austrian insurance company improves its equity base via a Re-IPO. The size of cash capital increase reaches € 500m.
June 26, 2012
Albrecht: „Common Collective Agreement in 2012“
The CEO of Austrian Airlines is optimistic to achieve unified collective agreement for the whole workforce. Costs for the transfer of undertakings are expected to reach up to € 90m.
June 9, 2012
Kommunalkredit Sale: Austria Hires Morgan Stanley
The nationalized Austrian lender Kommunalkredit should be sold until 2013. The U.S. investment bank should act as commission agent.
June 6, 2012
RZB Capital Increase Completed
Raiffeisen Zentralbank´s shareholders subscribe core tier 1capital in the amount of roughly € 852m. The EBA capital requirements is already exceeded as a result.
May 23, 2012
Raiffeisen Plans Capital Increase
The Austrian regional bank RLB Lower Austria – Vienna increases its capital base by € 500m, the chairman Erwin Hameseder says.
May 14, 2012
Porr Urgently Needs New Capital
The Austrian construction company wants to strengthen its equity base, which shrank to 15%. In 2010, the quota stood at 22%.
May 1, 2012
Uniqa Plans Capital Increase
The Austrian insurance group is planning a capital increase of €500 million this year “to be able to take ad-vantage of short-term growth opportunities”.
April 27, 2012
Austria Injects € 1bn into KA Finanz
Austria injected € 998m into nationalized KA Finanz AG after the lender lost more than € 1bn on its bonds and credit-default swaps in Greece’s debt restructuring.
April 26, 2012
RZB to Increase Capital
In order to cover its capital shortfall, RZB (Raiffeisen Zentralbank plans a capital increase of € 840m. Participation capital will turn into core Tier 1 capital as per EBA definition.
April 20, 2012
AUA Expected to Record High Losses Again
This year, Lufthansa-owned Austrian Airlines is anticipated not to reach the profit zone. In the first quarter, fees and fuel caused higher costs of € 28m.
April 12, 2012
S&P: Austrian Banks Still Weakly Capitalized
The U.S. rating agency S&P regards Austrian banks to record high capital shortfalls.
April 11, 2012
AVE Needs Fresh Funds
The waste management company, which is held by the Upper Austrian energy company Energie AG, intends to pursue its growth strategy in CEE. New capital is needed therefore.
April 10, 2012
RBI Is Optimistic to Reach Equity Requirements Without Capital Increase
The Austrian Raiffeisen Bank International sees no need to raise capital. The 9.0% Tier 1 quota should be reached by June.
March 30, 2012
VBAG to Cut Capital by 70%
The financially stricken Austrian VBAG will cut its equity capital by around 70 and then top it up again with state aid next month as part of a previously announced bailout.
March 28, 2012
Vienna Stock Exchange Calls for New Listings
Birgit Kuras, the new member of VSE´s management board aims to enhance the stock exchange´s importance and pushes for further privatizations.
March 27, 2012
RBI: No Capital Increase
Christian Konrad, general attorney of the Raiffeisen sector, is against a capital increase at RBI (Raiffeisen Bank International). The 9.0% tier-1 quota will be reached without that measure, Konrad is convinced.
March 23, 2012
Lufthansa Claims Exemption of Air Ticket Tax
In order to restructure the Austrian loss making subsidiary AUA, the German airline pushes the Austrian government to abandon the air ticket tax.
March 17, 2012
Lufthansa Grants Capital Injection to AUA
The German Airline raises the capital of the loss-making subsidiary by € 140m with reservations.
March 15, 2012
AUA Prepares Transfer of Undertakings
Austrian Airlines increases pressure on its aircrew. The deadline to negotiate the new collective agreements was extended again by one month.
March 14, 2012
VBAG´s Executive Board Asked to Resign
Parts of the Volksbanken sector, which hold stakes in VBAG, offer resistance to the management board.
March 3, 2012
Partial Nationalization of VBAG Planned
The financially stricken Austrian bank receives new capital. The Republic of Austria makes contributions of € 1.05bn. Bank taxes will increase.
February 27, 2012
Stepic Criticizes Rating Agencies Sharply
For Herbert Stepic, CEO of Raiffeisen Bank International (RBI), statements given by the U.S. rating agencies are “undifferentiated”.
February 20, 2012
RBI: „Capital Increase is Pure Speculation“
The Austrian Raiffeisen Bank International, which is said to plan a capital increase, points out that this information is a “pure rumor”.
February 9, 2012
Capital Increase at RBI?
According to market rumors, Raiffeisen Bank International is said to revisit € 1.00bn sale as shares rise.
February 8, 2012
Palfinger to Enter China in 2012
The Austrian crane manufacturer plans to enter the Chinese market in the first half of 2012. China will become the biggest market for Palfinger, says CEO Ortner.
February 4, 2012
Porr Extends Capital Increase
The Austrian construction group intends to restock its planned capital increase. The minimum volume is € 30m.
February 2, 2012
Porr: Capital Increase Flows Smoothly
According to Porr´s CEO Karl Heinz Strauss, the Austrian construction group raises ist capital within the next 60 days. Operating business is performing well, Strauss says.
January 16, 2012
Experts Consider Sale of Bank Austria
After the sluggish capital increase of UniCredit, experts do not exclude a sale of Bank Austria, which operates the CEE business.
January 10, 2012
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