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Austria: Enormous Amounts Could Pile Up For Hypo Group
According to Austrian daily “Standard“, the winding down of the ailing bank Hypo could be even more expensive than assumed so far. The amount of required capital reanges between € 6.2bn (until the end of 2014) and € 17bn (until 2017).
September 11, 2013
€ 800m for Uniqa´s Re-IPO
The second-biggest Austrian insurance group plans has ambitious growth plans. The capital increase will bring a substantial change in Uniqa´s shareholder structure.
September 9, 2013
Poland: Re-Nationalization of Pension Scheme
Poland takes back the partial privatization of pension system. The re-nationalization does not affect Poland´s sovereign debt rating.
September 7, 2013
„Demand for Loans Will Grow“
In an interview with „Wirtschaftsblatt“, Vice-President of EIB (European Investment Bank) Wilhelm Molterer indicates that banks may not be prepared for an increasing demand for loans.
September 6, 2013
Hungary: New Threats for Foreign Banks
Hungary´s government is determined to convert foreign exchange loans at the expense of banks again.
September 6, 2013
Austrian Banks Register Growing NPL
The advisory group pwc has issued a new report on the asset quality of Austrian banks. In terms of asset quality, Hungary and Romania are performing worst.
September 5, 2013
Hungarian Government Wants Further FX Debt Reliefs
The government has talks with the Hungarian banking association. In order to de-burden indebted Hungarian households, Prime Minister Viktor Orban wants to reach a debt relief plan.
September 4, 2013
Poland: RCB Roadshow with Twelve Listed Austrian Companies
On Wednesday Polish investors will get together with managers of listed Austrian enterprises.
September 3, 2013
EU Approves Hypo Group´s Restructuring Plan
The re-privatization of the Austrian publicly held banking group was approved by the Commission. According to the Commission´s report, Hypo Group´s expansion strategy was highly dangerous.
September 2, 2013
Austrian Banking Sector Burdened Heavily With NPL
In total, non-performing loans held by Austrian banks come at € 150bn. This corresponds to 48% of Austria´s GDP.
September 2, 2013
Hungary: Another Base Rate Cut
Hungary´s National Bank (MNB) has cut the base rate from 4.00% to 3.80%. This is a new record low. Nevertheless, MNB was expected to decide a lower cut.
August 31, 2013
Kapsch: Enormous Problems at Austrian Business Location
President of Federation of Austrian Industries (IV) Georg Kapsch confirms the criticism voiced by President of the Austrian Chamber of Commerce (WKO) Christoph Leitl and several other politicians by the Austrian People’s Party (ÖVP).
August 28, 2013
Romania: Government Loans Declined 1.2 Percent
Romanian Government loans granted by credit institutions declined by 1.2 percent.
August 27, 2013
Erdogan Considers Leaving U.N.
Turkey´s Prime Minister Recep Tayyip Erdogan puts pressure on the United Nations. The representation of the Security Council is not balanced, Erdogan criticizes.
August 26, 2013
Russian National Bank Underlines Stability of Ruble
Russian National Bank emphasizes that the Russian ruble will not devalue.
August 24, 2013
Czech Republic: SME Suffer from Credit Crunch
The recession in the Czech Republic is mainly due to the restrictive lending policy of the domestic banking sector.
August 24, 2013
Turkey: Capital Outflow Endangers Economic Stability
The monetary and economic stability is under enormous pressure. Turkey´s National Bank does not have sufficient reserve to support the Turkish lira.
August 24, 2013
CESEE Faces Economic Recovery
According to Moody´s, the economic outlook for Central, Eastern and Southeastern Europe is positive. Nevertheless, the recovery is still fragile.
August 24, 2013
Romania: Good Prospects for Economic Upturn
In Romania, the inflation forecast for 2013 and for 2014 has been lowered to 3.1 percent which is 0.1 percent less compared to previous figures.
August 9, 2013
Credit Crunch in CESEE?
The capital outflow in the CESEE region accelerates. The European Bank for Reconstruction and Development (EBRD) fears negative consequences for the real economy.
August 7, 2013
UniCredit to Focus on Poland, Turkey and Russia
UniCredit´s CEO pursues a selective growth strategy. The Austrian subsidiary recorded losses in the retail segment.
August 6, 2013
Arab Partner for RBI?
Karl Sevelda, CEO of Raiffeisen Bank International, indicated that an Arab investor may become a shareholder.
August 5, 2013
Croatia: Foreign Currency Loans No Danger for Banks
About 8% of the loan portfolio in Croatia consists of Swiss franc loans. Banks would be able to bear losses.
August 5, 2013
Investors Refrain from Slovenia
Volume and demand from investors remain low on the Slovenian capital market.
August 5, 2013
Eurozone: Household Real Income Increased 0.5 percent
Household saving rate up to 13.1% in the euro area and to 11.0% in the EU27 Household real income per capita increased by 0.5% in the euro area
July 31, 2013
Russia: Stronger Regulations for Market for Consumer Loans
Business with consumer credits have started comparatively late in Russia. Now, the market is supposed to be regulated further.
July 29, 2013
Romania: Privatization as a Potential Driver for Economy
Romania has to privatize more state-owned enterprises to become one of fastest emerging economies in the European Union.
July 29, 2013
Slovenia: Condition of Banking Sector Still Critical
In the first five months, the Slovenian Banking has recorded a net loss of € 117m. Lending goes down substantially.
July 18, 2013
Turkey: Police Force Attacks Protesters At Gezi Again
Turkish Prime Minister Recep Tayyip Erdogan seems ready for talks with representatives of the demonstrators, who will be received by him on Wednesday. However, earlier he has demonstrated inexorable hardness.
June 11, 2013
Slovenia Hoping for Soon Recovery
Crisis-struck Slovenia intends to make more room financially by starting to privatize its state-owned banks. Experts regard the process to be carried out too slowly.
May 21, 2013
„Slovenia Can Manage On Its Own“
In an interview with Austrian newspaper Kurier, President of the Slovenian Bankers Association France Arhar stresses that Slovenia is not the new Cyprus.
April 29, 2013
Austria: KA Finanz Not Planning On Needing More State Funds
After last week’s S&P report said KA Finanz was prone to needing further state funding, the rating agency apologized to the banking institute.
April 23, 2013
IMF Warns Eurozone of Ongoing Risks to Economic Stability
The International Monetary Fund has warned the Eurozone in a Global Financial Stability Report, urging for a reforming zeal and restructuring of weak banks.
April 17, 2013
Hungary: Economic Growth Only in 2014
The MNB, the National Bank of Hungary estimates economic growth to further stagnate in 2013 but forcasts positive devolopments for the next year.
March 29, 2013
Lithuania: Increase in Non-Cash Payments
Significant increase in non-cash payments creates a premise for banks to review their fees
March 29, 2013
Croatia: Sluggish Economic Recovery
The improvement in the financing conditions in international financial markets in the second half of 2012 mitigated the risks to Croatias financial stability to an extent.
March 25, 2013
VBAG to Sell Malta Affiliate
VBAG is going to sell its small Malta subsidiary in the course of the EU downsizing program which the banking institute has commited to.
March 23, 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
VBAG is Forced to Continue Radical Downsizing Measures
The partly nationalized and financially stricken Austrian banking group has to implement a painful restructuring concept. At the moment, VBAG sells its properties.
March 15, 2013
Orban Wants to Strengthen Hungarian Banks
According to Hungary´s Prime Minister Viktor Orban, the high share of foreign banks is “unhealthy”.
March 13, 2013
Hungary: OTP’s Profits Lower Than Expected for Q4
OTP said it had to recover from losses from previous year. Income in the core domestic business fell 17 % to HUF 94.6 bn in 2012. Still, net profits are up 46 %.
March 8, 2013
Austria: Less Money in Foreign Currency Credits
The volume of foreign currency loans has decreased further at the end of 2012.
March 7, 2013
Poland: NBP Cuts Interest Rate to Record Low
The council of fiscal policy has cut interests rate down to 3.25 % which is the lowest since Poland’s democratic turnaround in 1989.
March 6, 2013
Austrian Construction Group Alpine Rescued
For the time being, Alpine´s bankruptcy could be prevented. The creditors agreed on a partial waiver.
March 4, 2013
Hungary: Matolcsy Becomes New Central Bank Governor
Prime Minister Orbán nominated the former National Economy Minister as the new governor of the MNB (National Bank of Hungary). Experts are concerned about the stability of the Forinth.
March 1, 2013
Ukraine and EU Signed Memorandum of Understanding and Loan Agreement
Memorandum for the stability of Ukraine’s finance and economy was signed on the EU-Ukraine Summit.
February 27, 2013
Romania Tapped Again External Markets
In February, Romania borrowed USD 1.5bn in a 10-year Eurobond. Demand for debt papers was strong, Raiffeisen Research says.
February 22, 2013
“No further tightening of corporate credit conditions”
The Hungarian National Bank has today published the results of its latest lending survey. The survey conducted in January 2013 found that credit conditions for non-financial corporations had not been tightened further.
February 22, 2013
Romania: Key Rate to Remain Unchanged
“In line with our expectations and market consensus, the central bank remained on hold at its latest monetary policy meeting (5 February)”, Raiffeisen Research reports.
February 21, 2013
Ukrainian Banking Sector Recovers
According to Raiffeisen Research, the important of foreign banks in the Ukraine is decreasing. Due a decrease in provisions, the profitability of the banking sector goes up.
February 21, 2013
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