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Treichl to be Confirmed as CEO
Erste Group´s CEO Andreas Treichl will extend his function at the Austrian major bank.
November 26, 2011
€ 4.0bn Capital Requirement for Austrian Banks
After the industrialist Hannes Androsch, also the Vice-President of the Austrian Central Bank (OeNB), Wolfgang Duchatczek, sees a need to support domestic banks.
October 17, 2011
Do Austrian Banks Need More Capital?
Recently, the prominent Austrian industrialist Hannes Androsch expressed his concerns about the equity situation of Austrian banks. Androsch sees many challenges for the domestic bank sector.
October 15, 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
Hypo Alpe Adria - shareholders' meeting approves capital increase
€600m ($740m) of fresh capital, shareholders' meeting approves capital increase. Bank issued €450m ($555m) in form of participation certificates for the Federal Government, State Carinthia contributes €150m ($185m).
June 21, 2010
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