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EBA European Banking Authority

UniCredit: Common Bad Bank with Intesa Sanpaolo?

The parent company of Bank Austria may create a common bad bank with its Italian competitor Intesa Sanpaolo. The bad bank may be sold later on.

April 22, 2014

VBAG to be completely Nationalized?

According to experts, VBAG is the only Austrian bank which will not pass the stress test. In this case, there are only two alternatives: liquidation or full nationalization.

March 6, 2014

Fitch Criticizes European Stress Tests

The rating agency argues that there is still a lack in technical details. Regarding the robustness of the stress tests, Fitch demonstrates skepticism.

February 6, 2014

Poland: Sixteen Banks to be Examined by EBA

In total, sixteen Polish banks will participate in the stress tests carried out by the European Banking Authority.

February 4, 2014

Stress Tests Become Harder

Experts expect that not all banks participating in the examination will pass the stress test.

February 1, 2014

PKO: Capital Base Improves

According to the European Banking Authority (EBA), the largest Polish bank could strengthen the capital position.

December 17, 2013

Capital Shortfall at European Banks

According to Boston Consulting Group, European Banks still have much work to do.

November 19, 2013

„Not Enough Bank Insolvencies“

Andrea Enria, head of the European Banking Authority (EBA), claims that the banking landscape did not change sufficiently.

November 18, 2013

Banking Supervision: Fekter Calls for Flexibility

Today, the meeting of the Finance Ministers of EU countries was unsuccessful. Austria´s Finance Minister Maria Fekter comments that quality is more important than speed.

December 4, 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

Erste Group Achieves 9.9% Capital Ratio

Erste Group comfortably meets the EBA capital requirement:capital ratio reached 9.9% as of June 2012 (excluding retained earnings).

October 4, 2012

Austrian Banks Meet Substantially Increased Capital Requirements

EBA exercise to strengthen capital positions of large European banks concluded: Erste Group Bank AG and Raiffeisen Zentralbank AG meet the increased Capital Requirements, Austrian National Bank announces.

October 3, 2012

S&P Criticizes Weak Capital Base of Austrian Banks

According to the U.S. rating agency, Austrian big banks should increase their equity base in order to compensate further risks.

September 7, 2012

Austerity Program at RBI

Raiffeisen Bank International´s CEO Herbert Stepic is against a capital increase. The market conditions would be unfavorable.

July 20, 2012

Austrian Banks Fulfilled EBA Requirements

The European Banking Authority published today an overview report on the implementation of the capital exercise. The vast majority of the banks in the sample meet the required ratio of 9% Core Tier 1 (CT1).

July 11, 2012

Banking Supervision: Nowotny Warns of Botch

The governor of the Austrian Central Bank (OeNB) thinks that the timeline fort he planned unified banking supervision authority is „very short“.

July 10, 2012

„ECB as Only Supervisor Not Likely“

OeNB`s (Austrian Central Bank) Governor Ewald Nowotny does not think that ECB will act as only banking supervision authority.

July 2, 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

BCR: Treichl Expects Soon Recovery

Andreas Treichl, CEO of Erste Group, anticipates a soon recovery of the Romanian subsidiary Banka Comerciala Romana.

May 19, 2012

Erste Group Surpasses Expectations

The Austrian banking group improves net profit to € 346.5m in Q1 2012, EBA capital requirement already met as of March 2012.

April 30, 2012

RZB to Increase Capital

In order to cover its capital shortfall, RZB (Raiffeisen Zentralbank plans a capital increase of € 840m. Participation capital will turn into core Tier 1 capital as per EBA definition.

April 20, 2012

RZB Group: Profits Fell by 38%

The Austrian banking group posts an operating income of € 5,416m (minus 1.5 per cent). Profit before tax reached € 1,144m (minus 11.5 per cent).

April 17, 2012

RBI Is Optimistic to Reach Equity Requirements Without Capital Increase

The Austrian Raiffeisen Bank International sees no need to raise capital. The 9.0% Tier 1 quota should be reached by June.

March 30, 2012

RBI: No Capital Increase

Christian Konrad, general attorney of the Raiffeisen sector, is against a capital increase at RBI (Raiffeisen Bank International). The 9.0% tier-1 quota will be reached without that measure, Konrad is convinced.

March 23, 2012

Bawag Buys Back Hybrid Capital

The U.S. owned Austrian bank purchases € 300m in hybrid capital back in order to strengthen the equity base.

March 9, 2012

RBI Optimizes Its Structure of Participations

EBA decides not to recognize privately placed participation capital. RZB Group will nevertheless meet the EBA target, the bank argues.

March 8, 2012

EBA Does Not Accept Participation Capital as Equity

Austrian banks face new difficulties. The European Banking Authorities does not approve participation capital by the Austrian state as Tier-1 Equity Capital.

March 8, 2012

Stepic Criticizes Rating Agencies Sharply

For Herbert Stepic, CEO of Raiffeisen Bank International (RBI), statements given by the U.S. rating agencies are “undifferentiated”.

February 20, 2012

Capital Shortfall at Austrian Banks Could Decrease

Possibly Erste Group and Raiffeisen can lower their capital shortfall. The Austrian Financial Market Authority (FMA) is currently talking to EBA.

January 24, 2012

VBAG No Systemic Bank Anymore

After the sale of VBAG´s subsidiary VBI to Russian Sberbank, the bank will not be systemic anymore, the Austrian Financial Market Authority announced.

January 21, 2012

Austrian Lending Restrictions Under Observation

The plan of the Austrian FMA and OeNB to restrict lending in CEE countries could be a violation of EU-law.

January 19, 2012

Austrian Banks Claim to Continue „Vienna Initiative“

In 2009, international banks agreed on maintaining their lending operations in Eastern Europe. Now, the cooperation should be extended.

January 18, 2012

Experts Consider Sale of Bank Austria

After the sluggish capital increase of UniCredit, experts do not exclude a sale of Bank Austria, which operates the CEE business.

January 10, 2012

Worsening Economic Outlook for 2012

Economists and analysts expect a massive fall in Austrian economic growth for 2012.

January 4, 2012

Industry Wants to Suspend Banking Tax

The new capital requirements for banks are criticized by the Federation of Austrian Industries and the research institute WIFO.

December 29, 2011

Erste Group: Capital Shortfall to be Covered by Profits

The new equity requirements will be fulfilled, Erste Group´s CEO Treichl says. The capital shortfall amounts to € 743m.

December 27, 2011

Fitch Calls for Higher Capitalization of VBAG, Raiffeisen, Erste

The Austrian banks’ viability ratings are under pressure due to low capitalization and the banks’ exposure to CEE.

December 21, 2011

OeNB: Developments in the Sovereign Debt Crisis Will Be Crucial for Financial Stability

The Austrian National Bank (OeNB) presented the 22nd Financial Stability Report.

December 16, 2011

Treichl: „9% Quota Is Adequate“

The CEO of Erste Group, Andreas Treichl, is optimistic to achieve the prescribed 9% tier 1 capital quota by mid-2012.

December 10, 2011

Nowotny Attacks EBA

The Governor of the Austrian Central Bank (OeNB), Ewald Nowotny, criticizes the high speed which EBA requires from banks to build up equity capital.

December 9, 2011

Erste Group: Drastic Cut in Hungary

The Austrian bank cuts 450 jobs in Hungary. However, Erste Group emphasizes to stay in Central and Eastern Europe.

December 9, 2011

Reduced, But Still High Shortfall at Austrian Banks

EBA shortfall for RZB Group set at approximately € 2.1bn, for Erste Group at € 0.74bn. However, the initial shortfalls were reduced for RZB.

December 8, 2011

Treichl to be Confirmed as CEO

Erste Group´s CEO Andreas Treichl will extend his function at the Austrian major bank.

November 26, 2011

Volksbanken Group Result Negatively Impacted by Extraordinary Write-Downs

The Austrian bank posted a consolidated loss of € 689m for the first nine months of the year. The annual result is expected to decrease even further.

November 25, 2011

Growing Capital Shortfall at Volksbanken Group

The Austrian bank will need another € 200m in order to comply with the EBA’s capital requirements. The price for the sale of VBI might be reduced to € 500m.

November 24, 2011

Increasing Capital Requirements for Austrian Banks

The Austrian Raiffeisen Bank International (RBI) needs to raise its equity base by € 2.5bn instead of € 1.9bn, the bank supervision claims.

November 19, 2011

Raiffeisen’s Capital Shortfall Grows to € 2.5bn

The Austrian bank said it would not require state support to ensure compliance with the new requirements set by the European Banking Authority.

November 18, 2011

Massive Layoffs at Volksbanken Group

Hundreds of employees of the Austrian bank will lose their job in the next years, according to media reports.

November 9, 2011

Capital Needs of Austrian Banks Total € 4bn

The increase is mainly a result of Erste Group’s third quarter loss, according to OeNB’s Executive Director Andreas Ittner.

November 3, 2011

No Nationalization of Austrian Banks

The head of the Austrian bank holding company Fimbag, Klaus Liebscher, believes that Austrian major banks do not need further capital provided by the state.

November 2, 2011