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Participation Capital: € 98m Interest Payment by Erste Group
The Austrian bank pays € 98m in interest to the Republic of Austria.
May 31, 2012
Asfinag Bond Issue Successfully Placed
The Austrian highway financing company has placed a € 1.0bn corporate bond at historically low rates. The bond has a maturity of 20 years.
May 31, 2012
Century Casinos Closes $ 27m Credit Agreement
The Vienna-listed casino operator secured a $ 27m loan and intends to refund mortage debt.
May 30, 2012
FMA Extends Ban on Short Selling
The Austrian Financial Marketn Authority extends the temporary ban on naked short selling of selected financial stocks.
May 29, 2012
The Euro - A Big Error (Part 3)
The common currency did not create convergence, but widened the gap between Northern and Southern Eurozone member states.
May 29, 2012
Vienna´s Indebtedness Grows
Austria´s capital ignored the warnings of the Audit court and lets the debt burden grow further.
May 26, 2012
"Europe Needs Economic Growth and Budget Discipline“
Structural reforms are necessary to make Europe sustainably more competitive, Christoph Leitl, President of Austria´s Chamber of Commerce (WKO) says.
May 26, 2012
Austrian Banks Record Profits Due to Special Items
This year, Austrian banks achieved earnings of € 1.0bn. This does not relate to operating business, but with special items.
May 26, 2012
Greece and Eurobonds Divide Austria
The Greek exit and the introduction of Eurobonds are discussed heatedly. In Austria, there is no clear tendency.
May 25, 2012
Austrian Economy: OeNB Demonstrates Optimism
The Austrian Central Bank is satisfied with the performance of the domestic economy underlines the necessity of austerity measures.
May 24, 2012
OeNB’s Operating Profit Decreased
Profit of the Austrian Central Bank came to € 249m in 2011. Risk Provisions Increased by € 400m.
May 24, 2012
Only 10% of Austrians Want to Invest in Securities
The confidence in equity markets is damaged. 62% expect the highest returns from gold and real estate. Only one out of ten Austrians are willing to buy securities.
May 24, 2012
Nowotny: „Austria is Safe“
The governor of Austria´s Central Bank (OeNB) Ewald Nowotny asserts that the economic stability in Austria is substantially better than in other regions of the Eurozone.
May 23, 2012
Fekter Warns of Greek Exit
Austrias Finance Minister Maria Fekter sees enormous difficulties in the case of an exit out of the Eurozone. The Financial Market Authority (FMA) supports Fekter.
May 23, 2012
The Euro – A Big Error (Part 2)
The system of the common currency has failed to work, but is still kept alive artificially. The euro brings enormous difficulties to stronger as well as weaker European economies.
May 23, 2012
Wienerberger Secures Liquidity Reserves up to 2016
New credit line provides € 250m for general corporate financing up to May 2016 .
May 23, 2012
VBAG and Investkredit Announce Repurchase of Hybrid Capital
Austrian Volksbanken-Aktiengesellschaft (VBAG) and Investkredit Bank AG (IK) announce offers to repurchase hybrid capital, like other banks did before.
May 22, 2012
Rothensteiner: Return to Drachma would be „Utter Chaos“
The CEO of the Austrian RZB (Raiffeisen Zentralbank) warns of a Greek exit. At the moment, there would be not contagiousness for Spain or Italy.
May 21, 2012
The Euro – A Big Error (Part 1)
The system of the common currency has failed to work, but is still kept alive artificially. The euro brings enormous difficulties to stronger as well as weaker European economies.
May 20, 2012
Greek Exit: € 5.0bn Costs for Austria „In the Best Case“
Bank Austria´s chief economist Stefan Bruckbauer warns of exorbitant costs in case of a Greek exit out of the Eurozone. A common solution would be the better alternative.
May 19, 2012
Austrian Interest Rate Reaches a Record Low
The interest rates for German and Austrian sovereign bonds are as deep as never before. Thus, in Europe, the gap widens further.
May 18, 2012
Corporate Lending in CEE Remains Stable
According to Bank Austria, financing to the corporate sector is holding up well, but a diverging performance among countries is likely to persist.
May 18, 2012
„ECB Must Help Spain“
If real estate price in Spain fall further, Spanish banks were not able to bear that risk. A Greek exit could cost Austria up to € 10bn.
May 18, 2012
Intercell Completes Equity Private Placement
The Austrian pharmaceutical company raises funds of € 15.2m at a price of € 2.30 per new share - bringing total volume of combined debt and equity financing to € 35.2m.
May 15, 2012
Savings Books More Popular than Building Saving
After the cut in the bonus for building savings, savings books are more popular again in Austria.
May 14, 2012
Greek Exit: Costs of € 7.7bn for Austria
Austria could have to bear costs of up to € 7.7bn if Greece leaves the Eurozone. Austrian guarantees amount to € 3.1bn.
May 14, 2012
Massive Demand for Austrian Railway Bonds
The majority of the € 1.0bn bond was placed with high quality institutional investors in Germany, Asia, Austria and France; offering was 3.0x over-subscribed within 30 minutes.
May 10, 2012
AMAG Issues € 70m Bonded Loan
One year after its IPO, the Austrian aluminum producer issues a bonded loan in order to enlarge the main factory.
May 7, 2012
Kommunalkredit: Search for Buyer Goes on
In 2008, the former interest of VBAG was nationalized. The market environment would be too insecure, CEO Steinbichler says.
May 5, 2012
Leitl: „EU Needs Budget Consolidation and Growth Measures“
The President of the Austrian Chamber of Commerce claims to create a European fund in order to support small and medium-sized enterprises.
May 5, 2012
Strabag Issues € 100m Corporate Bond
Proceeds will be used for general business purposes and the further improvement of the financing structure of the Austrian construction company.
May 3, 2012
€ 110m Bond Issue at Agrana
The Austrian sugar and starch manufacturer places € 110m bonded loan with maturities of five, seven and ten years.
April 24, 2012
IMF: Austria´s Contribution to Reach € 6.0bn
The capital increase at the International Monetary Fund costs Austria € 6.0bn. Austria may receive an executive director. Schieder considers introducing Eurobonds.
April 23, 2012
Bank Austria: Bond Issue Significantly Oversubscribed
This week, Bank Austria issued a 7-year covered bond with a volume of € 500m.
April 21, 2012
Nowotny: “ECB Uses Bond-Buying Program Extremely Cautiously”
The governor of Austrian Central Bank (OeNB) Ewald Nowotny said the bank only buys government bonds in certain situations and with “extreme” caution.
April 21, 2012
Lenzing Resolves to Increase Dividends Substantially
The Ordinary Shareholders´ Meeting of Lenzing AG resolved to distribute a dividend of € 2.50 per share for the 2011 fiscal year (compared to € 1.55 per share for the previous fiscal year).
April 19, 2012
KTM Corporate Bond “Very Popular”
The bond volume of € 85m was more than double oversubscribed within two hours. Especially Austrian private investors were interested.
April 19, 2012
Big Exposure in Spain and Portugal
In total, Austrian banks have an exposure of € 4.3bn in the financially stricken EU-countries Spain and Portugal.
April 19, 2012
Felderer: „Another Downgrade Less Probable“
The Austrian economist Bernhard Felderer thinks that the risk of another downgrade of Austrian sovereign bonds has decreased.
April 18, 2012
Mitterlehner: „AAA is still Far Away“
Austria´s Minister of Economics does not believe that S&P gives back the “AAA” rating soon. However, the debate about Austria´s rating is overvalued, he thinks.
April 17, 2012
Austria Supports EU Capitalization Plans for Banks
Regulators in the European Union may be allowed to impose capital surcharges on banks
April 17, 2012
OeNB: “Nationalizations Are Clean Up”
Austria’s central bank (OeNB) said that the nationalization of three of the nation’s lenders helped clean up the structure of the domestic banking industry.
April 17, 2012
Hypo Tirol: NPL Quota at 37%
The Tyrolean regional bank recorded losses of € 125m last year. The owner, the province of Tyrol has to inject further capital.
April 16, 2012
US and UK Dominating at CEESEG
Investors from the UK and the US are the most important participants at CEESEG in 2011.
April 16, 2012
Erste to Improve Equity Base
Austrian Erste Group will ask shareholders for permission to sell bonds that automatically convert into shares to cover potential capital shortfalls.
April 16, 2012
Every Second Austrian Feels Affected by Austerity Policies
The government's austerity program causes the average amount saved to decline to € 5,085. The planned credit volume rises to € 79.800.
April 16, 2012
Wienerberger Builds Firewall Against Hostile Takeover
The Austrian brick producer plans to lower the marginal value for takeover offers to 20%.
April 13, 2012
Rating Agencies Examine Austria Again
The three big rating agencies S&P, Moody´s and Fitch are checking Austria´s financial situation again. An official statement does not exist yet.
April 13, 2012
Swiss-Austrian Tax Treaty to be Signed
The tax treaty between Austria and Switzerland will be signed tomorrow on Friday. The tax rate is set at 38%.
April 12, 2012
Good Prospects for ATX
According to Paul Severin at Erste Asset Management, Austrian equities may face a significant upward trend.
April 12, 2012
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