Sponsored Content
Capital Markets
Assets Become More Risky in CESEE Countries
According to S&P, the exposure of Austrian banks in the CESEE region has become more risky.
February 15, 2013
Size of Austrian Bank Aid: € 20bn
Since 2008, the Austrian state has injected more than € 8bn into domestic banks. Guarantees total € 12bn.
February 5, 2013
Slovenia: Non-Performing Loans Still on the Rise
The banking system’s high credit risk increased slightly in the first nine months of the year, but at a slower pace than in 2011.
February 5, 2013
Slovenia´s Banking Industry in Distress
Due to the economic crisis, the lending business goes down. The indebtedness of the real economy remains high. Funding costs are increasing.
February 5, 2013
Hungary: Lending Declines
Household and non-financial corporate sector interest rates: December 2012.
January 31, 2013
S&P Upgrades Austrian Provinces
After the upgrade of Austrian sovereign bonds, the U.S. rating agency amends the outlook for six Austrian provinces from „negative“ to “stable”.
January 31, 2013
Nowotny Underlines Improving Outlook
Ewald Nowotny, governor of Austrian National Bank (OeNB) stresses that not many countries were upgraded by the rating agencies in the last years.
January 30, 2013 · Updated: January 30, 2013; 18:34
OeNB: Austrian Banks Remain Cautious
According to Austrian National Bank, the Austrian banking industry tends to keep the strict lending policy in the corporate banking sector.
January 30, 2013
Slovenia: Corporate Lending Falls Considerably
Due to the difficulties in the Slovenian banking sector, the real economy suffers from a credit crunch.
January 30, 2013
Serbia: Foreign Debt Grows
Despite eurobond issue, private sector deleveraging led to mild foreign debt growth, Raiffeisen Research reports.
January 30, 2013
S&P Upgrades Austrian Sovereign Bonds
Finance Minister Maria Fekter on Standard and Poor's upgrade: "We are on the right path and our measures are showing results".
January 29, 2013
„Our Future is Central and Eastern Europe“
Andreas Treichl, CEO of Austrian Erste Group, stresses the importance of the CESEE region and the necessity to become more efficient.
January 29, 2013
Telekom Austria Placed a € 600m Hybrid Bond
The Telekom Austria Group announces that, after a successful roadshow in Germany, Great Britain and the Netherlands, it has yesterday placed a hybrid bond with a volume of € 600m and a coupon of 5.625%.
January 25, 2013
Bank Austria Places € 500m Bond
Bank Austria today issued a five-year bond with a volume of EUR 500 million. This was the first euro-denominated senior unsecured benchmark bond from the bank in over seven years, and the first benchmark bond issued this year.
January 24, 2013
Poland: Credit Line Renewed
The IMF guarantees a credit line of € 26bn to the Polish government.
January 19, 2013
Hungary Wants Tax Treaty with Switzerland, Germany and Austria
Hungary tries to levy a lump sum tax on deposits of Hungarian nationals in Switzerland, Germany, Austria, the UK and Cyprus.
January 17, 2013
Stepic: „CESEE Region Faces Challenging Year“
RBI´s (Raiffeisen Bank International) CEO Herbert Stepic explained that central, eastern and southeastern Europe is still Europe´s growth engine.
January 15, 2013
CEE Banking Study 2013: “Banks Rebalance Their Business Models” (3)
Foreign players have an important role in the local markets and increased the share of CEE assets within their groups' total assets over the last years.
January 15, 2013
CEE Banking Study 2013: “Banks Rebalance Their Business Models” (2)
Total assets and lending have grown steadily since 2008, even though at a slower pace than before the crisis and with a stronger focus on domestic funding sources.
January 15, 2013
Austrians Still Prefer Traditional Investments
According to a survey carried out on behalf of the investment fund Fidelity Worldwide Investment, Austrians tend to conservative investments.
January 14, 2013
Fitch: Austrian Banking Industry Depends on CESEE
According to the U.S. rating agency, the situation of Austrian banks strongly depends on the development in central, east and southeast Europe.
January 14, 2013
Austria: Public Debt Has Reached New High
At the end of 2012, Austria´s financial debt has totaled € 189.5bn. Against 2011, this is an increase of € 6.5bn.
January 12, 2013
Serbia: External Debt Growing Due to Euro Revaluation
Up by € 746.4m or 3.1% from end-June 2012, external debt of the Republic of Serbia totalled € 24.8bn at end-September 2012.
January 11, 2013
Hungary Suffers from Capital Outflow
Hungary´s banking industry faces a substantial loss of confidence. More and more Hungarians shift their deposits to foreign banks.
January 9, 2013
Bulgaria: Lending Grows Substantially
In November 2012, the annual growth rate of broad money (monetary aggregate M3) was 10.1% compared to 8.6% in October 2012.
December 28, 2012
Hungarian Government „Do Not Need Help from IMF“
Hungary´s Minister of Economics György Matolcsy argues that his country has never needed a loan from the IMF.
December 22, 2012
Strabag SE Strengthens its Financial Position: € 400m Cash Credit Line
The publicly listed European construction company STRABAG SE has arranged a revolving syndicated cash credit line in the amount of € 400m with a consortium of banks.
December 21, 2012
CESEE: Deposit Growth Slows Down
Given the sketched regional loan growth dynamics and their most important drivers it comes as no surprise that deposit growth rates in CEE also decelerated in recent months, Raiffeisen Research states.
December 21, 2012
CESEE Asset Quality: “Not out of the woods”
In terms of asset quality the banking sector trends in CEE remain a mixed bag, Raiffeisen Research says.
December 20, 2012
Raiffeisen: “No signs of a regional deleveraging trend in CEE”
Cross-border exposures of European BIS-reporting banks to CEE (and the subregions CE and SEE) showed a modest decline in Q2 2012. This performance was driven by a cut in more or less all relevant CEE countries.
December 20, 2012
CESEE Banking Sector: Improving Market sentiment, but Slower Growth
The average CEE loan growth slowed to16-17% yoy in Q3 from 19% in Q1/Q2, Raiffeisen Research says.
December 20, 2012
Outlook: Vienna Stock Exchange Optimistic
This year, Vienna Stock Exchange was clearly on the rise: ATX climbs by 28 per cent in 2012.
December 20, 2012
“CEE Strong Than Western Eurozone”
Erste Group publishes its Outlook Stock Markets and Vienna Stock Exchange 2013. The Sovereign debt remains the biggest problem, Erste Group says.
December 19, 2012
Erste Group: Massive Cuts in Romania
Due to the weak performance of BCR, the Austrian bank plans to lay off 1,600 employees in Romania. BCR´s NPL quota remains on a high level.
December 18, 2012
S&P Downgrades Croatia
Croatia´s Minister of Finance Slavko Linic does not exclude that Croatia needs support from the IMF next year.
December 17, 2012
Bulgaria: Lending Growth Close to Freezing Point
The increase in deposits also decelerates. The annual rate of growth of money supply (measured by means of the M3 aggregate) slowed down in October to 8.6% (it was 8.8% in the previous two months), Raiffeisen Research says.
December 14, 2012
Rothensteiner: „No Credit Crunch“
Walter Rothensteiner, CEO of Austrian Raiffeisen Zentralbank, thinks that the capital shortfall of European banks does not limit credit supply.
December 3, 2012
Ukrainian Banking Sector Expands Slightly
Despite the economic slowdown in the Ukraine, lending is on the rise.
November 19, 2012
Austria´s Budget Deficit to Decrease Slightly
Today, the Austrian National Assembly has resolved the budget for 2013. This year, Austria will not fulfill the Maastricht Criteria.
November 16, 2012
Treichl: Austria Should Cooperate with CEE Countries
Erste Group´s CEO Andreas Treichl thinks that CEE countries and Austria should create a model region in Europe like the Scandinavian countries did.
November 16, 2012
Telekom Austria Under Pressure
The biggest telecommunication operator in Austria is expected to record lower profits. Moreover, the share price has reached an all-time low today.
November 12, 2012
Slovak Bond Yields at Record Low
Erste Group successfully placed € 1.25 bn 12-year benchmark Slovak government Eurobond at record low yield of 3.375%. New issue amassed € 2.1 bn order book across 140 investors.
November 8, 2012
Slovenia: Creation of Bad Bank Should Solve Credit Crunch
At the moment, the Slovenian banking sector does not fulfill its main task. The real industry suffers from a credit crunch.
November 6, 2012
Fitch Raises Turkey´s Rating
According to the U.S. rating agency, the Turkish economy performs well and became stable.
November 5, 2012
Hybrid Bond for Hypo Group
In order to cover the capital shortfall of Hypo Group, the Austrian state may inject € 500m into the nationalized bank. Furthermore, the bank plans to issue bonds worth € 1.0bn.
November 3, 2012
Austria: Lending Continues to Contract
Austrian banks tend to remain rather cautious. The restrictions of company loans sharpen.
October 31, 2012
Nowotny: Greek Haircut for ECB “No Issue”
The governor of Austria´s National Bank (OeNB) Ewald Nowotny thinks that ECB would not participate in a haircut.
October 29, 2012
Stepic: “Must Reduce Lending in CESEE”
The CEO of Austrian RBI (Raiffeisen Bank International) Herbert Stepic explains that new lending in Eastern Europe must be reduced substantially.
October 11, 2012
Poland´s Komorowski: “Strong Swiss Franc Causes Problems”
On the occasion of a visit in Switzerland, the Polish President Bronislav Komorowski explained that the strong Swiss franc is a problem for both countries.
October 5, 2012
Fekter Appeals on Banks to Prevent Credit Crunch
Banks should be more creative in financing the real economy instead of creating new financial products, she says.
October 5, 2012
Fast News Search
