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Earnings
Romania: BRD Group Societe General with High Expectations
The Romanian lender intends to increase its lending by four percent in 2014.
April 23, 2014
Struggling Insurance Industry
Despite favorable results last year the European insurance market has to face a number of adverse factors.
April 23, 2014
Hypo Group: Italian Branch Turns Out a Huge Problem
According to CEO Picker there were more “skeletons in the closet than expected” which led to huge losses for the ailing bank. The Italian network may have to be downsized.
April 17, 2014
Hypo Group: Privatization of Balkan Business Until 2015
The nationalized problem bank intends to sell its Balkan business within 2014.
April 17, 2014
Horrible Loss at Hypo Group Alpe Adria
The former Balkan lender shocks with new figures. The Austrian nationalized bank had to write off wide parts of its risky assets. Further losses are likely as well as further capital injections.
April 16, 2014
Austria: RLB OÖ Rows Bank on Threat to Leave
Last year regional lender RLB OÖ (Raiffeisen Landesbank Oberösterreich), part of Raiffeisen group, saw a decline of six percent in its balance sheet totals while the operating results increased by almost three percent.
April 16, 2014
Erste Group Bank AG: Full Year 2013 Company Report has been Published by FriedlResearch
Published in April 2014, this report contains in depth information and data about Erste Group and its operations and markets. It contains a company overview, business and strategy description, financial ratios, valuation & forecasts, plus a SWOT analysis.
April 15, 2014
Hypo Group: Disastrous Losses Revealed
Huge write-offs and value adjustments have sent losses of nationalized problem Hypo Group Alpe Adria soaring. Losses running into the billions are expected.
April 10, 2014
Poland: NBP Posts No Profits
In 2013 the Polish National Bank (NBP) posted no profit.
April 10, 2014
Erste Group to be Relocated to the Czech Republic?
CEO of Erste Group, Andreas Treichl, has informed Czech President Milos Zeman about the bank’s intention to move to Prague in the coming years.
April 9, 2014
Hungary: OTP Approaches Acquisition of MKB
MKB, the Hungarian loss-making affiliate of German regional lender BayernLB, is approaching its acquisition by the biggest lender OTP.
April 3, 2014
Poland: Banking Industry Expects Improvement in Results
The Polish banking sector expects net profits to increase in 2014.
April 3, 2014
Oberbank: Slow Expansion Strategy to be Continued
The Austrian regional bank starts to enter the stage in two German states. The net income has reached a new record level.
April 2, 2014
Poland: Banks Post Profit of PLN 25bn
In the financial year of 2013 Polish banks posted profits of more than PLN 25bn, as reported by Polish daily Dziennik Gazeta Prawna citing figures by the Polish Financial Market Regulator KNF.
April 2, 2014
Czech Republic: Banks’ Net Profits Decline
The majority of large banks operating in the Czech Republic have to face profit losses for the business year 2013.
April 1, 2014
Poland: Raiffeisen Polbank Increases Net Profit
Net profits for Raiffeisen Polbank, the Polish branch of the Austrian lender, achieved a considerable increase in net profits.
March 31, 2014
RBI to Keep Hungarian and Ukrainian Affiliates?
Raiffeisen Bank International (RBI) considers keeping its affiliates in Hungary and Ukraine.
March 27, 2014
RBI: Profit Shrinks by Almost A Quarter
RBI with consolidated profit of € 557 million Austria’s most profitable bank for the fourth time.
March 27, 2014
Raiffeisen Group: Uncertain Future
On Thursday Raiffeisen Bank International (RBI) will present the annual figures of 2013.
March 26, 2014
BayernLB Threatens Hypo Group with Damage Claims
BayernLB, former parent company of Hypo Group Alpe Adria International, is threatening to claim damages from its former affiliate.
March 26, 2014
Hypo Group: More than One Billion Required?
As reported by Austrian radio station Ö1, part of the Austrian Broadcasting Corporation ORF, ailing Hypo Group Alpe Adria will require € 1.1bn this year from the state.
March 21, 2014
Conwert Achieves Turnaround
The Austrian real estate group returns to the profit zone. Last year, net income totaled € 49m.
March 19, 2014
Immofinanz: Substantial Increase in Profits
In the first nine months of 2013/14, the Vienna-listed group registered an increase in net income by 7.1%. For the time being, Immofinanz is not affected by the Crimea crisis.
March 19, 2014
CA Immo: Considerable Drop in Net Income
Financial results 2013: CA Immo achieves record operating result. Balance sheet strengthened, Net Asset Value up 6%.
March 19, 2014
Slovenia: SID Bank With Declining Profits
The public export and development bank of Slovenia, SID, sees shrinking profits.
March 18, 2014
Poland: PZU Below Profit Expectations
Polish insurer PZU missed the profit expectations in the last quarter in 2013.
March 13, 2014
Poland: Bank Pekao with Ambitious Plans
Polish lender Bank Pekao intends to reduce costs and risks, and raise the number of clients by around one million until 2020.
March 12, 2014
Bank Austria to Focus on Growth Markets in the Future
Because of the high value of write-offs Bank Austria, CEE affiliate of Italian UniCredit, had to face record losses amounting to € 1.6bn. CEO Willibald Cernko, however, does not consider the bank having made any mistakes in the past.
March 12, 2014
Hypo Group: Losses Expected to Run into Billions
Hypo Group Alpe Adria is expected to reveal losses of around € 2bn in the balance sheet for the business year 2013. Up to now, losses in the amount of € 1.3bn were expected.
March 12, 2014
Losses Running into the Billions for Bank Austria
Bank Austria’s results for the 2013 financial year.
March 11, 2014
Hungary: OTP Bank’s Profits Vanished by Provisions and Taxes
A decrease on the operating profit, increasing risk provisions and taxes drained almost all profits made in the fourth quarter last year.
March 7, 2014
Slovenia: NLB to Break Even in 2014
As part of the restructuring plan, the Slovenian bank is closing branch shops all over the country and downsizing its personnel.
March 4, 2014
Uniqa: „We Will Not Leave Ukraine“
Andreas Brandstetter, CEO of the Austrian insurance group is “highly satisfied” with the Ukrainian affiliate.
March 1, 2014
Erste Group: Profits Decline
Erste Group posts net profit of EUR 61.0 million in 2013 and improves capital ratios.
February 28, 2014
VIG Third Biggest Insurance Company in Poland
Vienna Insurance Group records strong performance in Poland.
February 27, 2014
Hungary: Customers Fleeced by Banks
For the first time in three years Hungarian commercial banks have returned to profitability. However, extra cost, caused by political circumstances, was passed on to clients.
February 26, 2014
VIG Generates Profits in Poland
Vienna Insurance Group Polska (VIG) generated a gross profit of PLN 229m last year.
February 25, 2014
Warsaw Stock Exchange Registers Profits
The operator of Warsaw Stock Exchange (WSE) GPW saw an increase in profits in the business year 2013.
February 24, 2014
Vienna Insurance Group Expands Market Leadership in Slovakia
The Group expands its position as the number one in the core market Slovakia. Strong growth above market average. Increase in premiums in all lines of business.
February 17, 2014
Erste Group: Net Results Below Expectations
Erste Group provides business update for 2013: Improvement in risk costs is outweighed by one-off items and tax effects, impacting net profit
February 11, 2014
Vienna Insurance Group Shines in the Czech Republic
VIG continues to expand its market leadership in its largest CEE market.
February 11, 2014
Poland: Slight Drop in 2013 Banks’ Profits
Polish banks displayed a total net profit of PLN 15.43 billion in the financial year 2013, which is a slight decrease of 0.3 percent on an annual comparison basis.
February 10, 2014
Uniqa Kosovo Grows Twice as Quickly as Market
Premium volume up 22.9 per cent in the first nine months of 2013. Non-life grows twice as quickly as the market
January 30, 2014
VIG to Do Up Romanian Division
Difficulties in Romania and Italy for Vienna Insurance Group (VIG) lead to a massive decline in profits.
January 29, 2014
Uniqa Montenegro Increases Market Share
Market share expands to 14.6 per cent. Non-life premium volume increases to 6.7 million euros.
January 28, 2014
Slovenia: Bank Losses Tripled in 2013
Over the last year losses in the banking sector tripled to almost € 1.1bn.
January 23, 2014
Uniqa Serbia Continues to Grow
Market share increases to 7.3 per cent in third quarter of 2013. Premium volume for life insurance up 18.5 per cent.
January 20, 2014
CA Immo: Operating Performance above Expectations
CA Immo: Strong performance in 2013 boosts profitability and share price development.
January 14, 2014
CNB: Significant Increase in Profits
Due to the forex interventions in November last year, the Czech National Bank (CNB) was able to increase its results.
January 13, 2014
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