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Capital Markets
Big Exposure in Foreign Currency Loans
In Austria, domestic banks have outstanding foreign currency loans of € 51bn. In CESEE countries, the exposure comes at € 130bn.
July 10, 2012
OeNB Calls Austrian Banks to Improve Equity Base
Presentation of the 23rd Financial Stability Report of OeNB (Austrian Central Bank): Austrian Financial System Influenced by Tensions in the International Financial Markets.
July 9, 2012
Hungary: Negotiations on IMF Loan to be Concluded in Autumn
Since January, the Hungarian government tries to secure a € 15bn loan by IMF and the European Central Bank. A final solution may be found in the next months.
July 7, 2012
Vienna Stock Exchange: New Trading System for Gas Exchange
Trayport ETS: New trading system on CEGH Gas Exchange of the Vienna Stock Exchange.
July 6, 2012
Strong Demand for Andritz Corporate Bond
Due to strong demand, subscription period terminated today prematurely. The volume issued amounts to € 350m. Two thirds were subscribed by Austrian private investors
July 4, 2012
CESEE: Poland and Turkey are Hot Spots
Erste Economic Sentiment Indicator CEE: stock market expectations weaker, but still ahead of Eurozone. Turkey and Poland remain the preferred investment regions.
July 4, 2012
Banking Supervision: Satisfaction and Criticism
Austrian Members of the European Parliament welcomed the decisions taken by the euro summit. By contrast, the opposition party FPÖ criticizes the result as „final step towards a debt union“.
July 3, 2012
C-Quadrat to Acquire UK Fund Management Company
The Austrian Investment Fund intends to take over the British BCM Group, which manages assets of € 800m.
July 2, 2012
Austrian Banks in CESEE „Too Ambitious“
For the IMF, Austria´s economy is „well situated“. The austerity package is „adequate“.
July 2, 2012
Massive Austerity Cuts at Porr
The third-biggest Austrian construction company examines its cost structure. First effects should be visible still in 2012.
July 2, 2012
Substantial Increase in Dividends at Agrana
Agrana´s Annual Shareholders’ Meeting approves a dividend increase and appoints members to the Supervisory Board.
July 2, 2012
Boom in New Listings at Prague Stock Exchange
The CEESEG member Prague Stock Exchange is pleased about new listings despite the current economic crisis.
July 2, 2012
Stable Development in Austrian Insurance Sector
The Austrian Financial Market Authority (FMA) recorded a minor increase in the premium volume in the first quarter of 2012.
June 30, 2012
Uniqa Completes Sale of Mannheimer Group
The Austrian insurance group Uniqa completed the sale of the Frankfurt listed company Mannheimer AG Holding to Continentale Versicherungsverbund. Growth in CESEE countries should be strengthened.
June 29, 2012
Austrian Government Debt on the Rise
The Austrian public debt level rose to 73.5% of GDP or € 222.6bn in the first quarter of 2012. Above all, the situation of Austrian municipalities is precarious.
June 29, 2012
Energochemica Enters the Prague Stock Exchnage
Energochemcia SE officially announced its intention to enter the Prague Stock Exchange (PSE). The company wants to focus on acquisitions of key energy and chemical industry companies.
June 29, 2012
Euro-Crisis Continues
According to RCB, the factional dispute between Germany and France decisive for the eurozone. An easing of the situation is not expected.
June 29, 2012
Austria Still Blocks Agreement on Taxation of Interest Income
The Commission of the European Union wishes Austria to give up its blockade against a reform of the direction on the taxation of interest income. Austria stands by its oppositional attitude.
June 27, 2012
Credit Crunch in CESEE?
Anglo-Saxon banks and funds are most aggressive in deleveraging; Austrian bank are not relying on funding from countries in hotspots of deleveraging.
June 27, 2012
„The end of the Euro would mean Europe´s Explosion“
Ewald Nowotny, governor of the Austrian Central Bank (OeNB) reaffirms that Europe needs the Euro.
June 25, 2012
Voestalpine to Issue Corporate Bonds of € 1.0bn
The Austrian steel company voestalpine is said to plan a bond program of € 1.0bn.
June 25, 2012
NPL of € 100bn in CEE?
The chairman oft he Viennese Chamber of Labor Werner Muhm asserts that Austrian banks hold non-perfoming loans in CEE ountries. Austrian banks rejected Muhm´s statement.
June 23, 2012
Austrian Banks Report Small Growth in Lending
Regarding company loans, Austrian banks record a stable recovery, the Austrian Central Bank (OeNB) reports.
June 20, 2012
Borealis Plans to Issue a Corporate Bond
The subsidiary of Austrian OMV and the Abu Dhabi investment fund IPIC may issue a corporate bond of up to € 200m.
June 20, 2012
„ÖIAG Should Finance Start-Ups“
The Federation of Austrian Industries (IV) suggests using ÖIAG´s investment income for the purpose of financing start-up enterprises.
June 19, 2012
Fekter Approves Greek Election Results
The Austrian Minister of Finance Maria Fekter is happy with the „Pro-European „ statement oft he Greeks. Minor adjustments to aid packages would be possible.
June 18, 2012
Conwert ´s Corporate Bonds Generate Strong Demand
Subscription period closed early – first retail bond from the Austrian real estate company in the amount of € 65m enjoys strong demand.
June 16, 2012
RZB Wants to Keep Austrian Deposit Protection
Raiffeisen Zentralbank´s CEO Walter Rothensteiner is skeptical of the European deposit protection proposal.
June 15, 2012
VBAG to Repurchase Hybrid Capital
Austrian VBAG is inviting holders of the Notes to offer to sell any and all of their Notes to ÖVAG for cash.
June 14, 2012
Borealis: Intended New Bond Issue
The Austrian chemcial company intends to issue corporate bonds of up to € 200m.
June 14, 2012
Conwert: Corporate Bond Successfully Placed
The Austrian real estate company issues a retail bond with a term of five years until 2017. The total volume oft he bond issue is € 65m.
June 13, 2012
FPÖ: „Europe Has a Banking Problem“
The Austrian opposition leader Heinz-Christian Strache criticizes that European countries are downgraded due to their banks. Further bank aids would be likely.
June 13, 2012
Rising Cash Holdings at Austrian Companies
According to a study by PwC, Austrian leading companies record higher cash holdings for security reasons.
June 13, 2012
Fitch: „AAA Endangered in Case of Greek Exit“
The U.S. rating agency warns the remaining AAA-Eurozone members of the consequences of a Greek exit.
June 13, 2012
Immofinanz Bond with Interest Rate of 5.25 %
The Austrian real estate group Immofinanz announced that today marks the official start of a road show in connection with the placement of a new corporate bond.
June 13, 2012
Alpine: „Not Affected by Spanish Crisis“
The Austrian construction company, which is wholly-owned by Spanish FCC, does not worry about the tensioned situation in Spain.
June 13, 2012
Erste Group Manages Bond Issue in Poland
Poland new long 10-year sovereign bond issue had a volume of € 1.5bn. The issue was more than 2x over-subscribed.
June 12, 2012
Spain: „ESM would be a Better Safeguard“
Austria´s Minister of Finance Maria Fekter wants Spain to call for aid via the ESM.
June 11, 2012
Austrian Banks Cut Exposure in Spain
Erste Group, Raiffeisen Bank International (RBI) and KA Finanz have the highest exposure among Austrian banks.
June 11, 2012
„Bank Union is Still Far Away“
Ewald Nowotny, Governor of Austria´s Central Bank, thinks that a bank union in the Eurozone would still take some time. Erste Group´s CEO Andreas Treichl approves the idea.
June 6, 2012
CEE Banking Sector „Performs Well“
The Austrian Raiffeisen Centrobank sees high-growth potential in the CESEE region. Loan growth is at „healthy levels“, there are „no signs of a credit crunch“.
June 6, 2012
Downgrade for Austrian Banks
The U.S. rating agency Moody´s downgrades Erste Group, Raiffeisen Bank International and Bank Austria.
June 6, 2012
Keuschnigg: „Raising ESM for Italy and Spain“
Christian Keuschnigg, director of the Austrian Institute of Advanced Studies (IHS) argues for raising ESM funds to € 1,000bn.
June 4, 2012
Rates on Austrian Sovereign Bonds Reach New Record Low
The premium on ten-year Austrian sovereign bonds fell to a record low of 2.015%.
June 4, 2012
EVN Takes up € 500m Loan
The Austrian energy company secured fefinancing of ist existing syndicated revolving credit facility.
June 4, 2012
U.S. Forest Laboratories Cooperates with Nabriva
The U.S. pharmaceutical company provides funds of $ 25m to the Austrian Nabriva and secures pre-emptory rights.
June 2, 2012
Rising Bond Issue at VSE
Booming corporate bonds on the Vienna Stock Exchange: the total volume came at € 1.0bn in 2012.
June 1, 2012
Conwert to sell € 50m of Bonds
The Austrian real estate company conwert Immobilien plans to sell € 50m of 5.75 percent bonds due in 2017.
June 1, 2012
Refunding at Pankl
The Austrian automotive company Pankl takes a € 20m loan in order to redeem a ULSG credit early.
June 1, 2012
Positive Result at Austrian Pension Funds
Assets under management rose by 5.6% in the first quarter of 2012. The yield was beyond the long-term average of 2.8%.
May 31, 2012
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