Page 1/9

Equity Markets

Buwog: The ATX of the Vienna Stock Exchange has a New Member

At today's meeting, the Index Committee has decided on changes in the composition of Austrian stock indices. All changes become effective as of 22 September 2014. In the Austrian leading index, ATX, Mayr-Melnhof Karton AG will be replaced by BUWOG AG.

September 2, 2014

Romania: Banca Transilvania Gives Shares to Employees

As part of the loyalty program, the Romania lender gave almost 10 million shares to its employees.

May 12, 2014

Croatia: Adris Grupa to Bid for Insurer Croatia Osiguranje

The Croatian financial regulator HANFA has approved Adris Grupa, the largest tobacco company on the Balkans, placing its bid to take over insurance company Croatia Osiguranje.

May 12, 2014

Verbund: Trying to Get Rid of Sorgenia

The Austrian utility Verbund announced not being willing to invest any further money into loss-making Italian energy group Sorgenia.

May 8, 2014

Real Estate: Buwog Shares Taking Off

The highly anticipated primary listing of residential real estate affiliate of listed Immofinanz, Buwog, will be completed on Monday.

April 28, 2014

RBI Gets Rid of Public Shareholder

After tough negotiations with the Austrian financial market supervision, the Vienna-listed CESEE lender Raiffeisen Bank International repays about the half of the participation capital.

April 25, 2014

Austrian Households Hold Financial Assets Worth € 500bn

Last year, financial assets grew by 1.4% in nominal terms. New debts grew by 0.5% only.

April 24, 2014

Austria: Difficult Market Situation for Selling Bawag

The selling of Bawag PSK proves difficult for its owner which is why an IPO is considered a realistic phasing-out scenario. However, experts doubt that an IPO will be a “highflyer”.

April 24, 2014

Poland: BNP Paribas Bank Polska Hopes for Higher Profits

Because of the merger with BGZ Bank BNP Paribas Bank Polska, the Polish branch of the French financial giant, expects a growth of return on equity (ROE) in the double-digit figures.

April 24, 2014

Struggling Insurance Industry

Despite favorable results last year the European insurance market has to face a number of adverse factors.

April 23, 2014

Austria: Bawag to Go Public?

Bawag PSK is likely to go public, as reported by Bloomberg.

April 23, 2014

Polish Insurer PZU Gains More Power in Baltic States

As announced by the Polish insurance company, PZU took over three Baltic competitors.

April 17, 2014

Slovenia: Banka Celje Trying to Fend Off Bailout

The Slovenian lender is considering a capital increase to avoid national bailout.

April 11, 2014

Austria: Immofinanz to Remain in ATX Five

As announced on 4 March 2014, the ATX committee discussed about the future membership of Immofinanz AG in the ATX five.

April 10, 2014

Austria: Hypo Group Capitalized Again

The Austrian state has filled the capital hole of the ailing bank again.

April 9, 2014

Hypo Group: Former CEO Sentenced to Prison

Former CEO of Hypo and investor Tilo Berlin was sentenced to more than two years in prison.

April 9, 2014

Poland: BZ WBK to Take Over Santander Consumer Bank

Bank BZ WBK was given the go-ahead by the Financial Market Regulator KNF to acquire a 60 percent stake in retail bank Santander Consumer Bank (SCB) from their joint parent bank Banco Santander.

April 9, 2014

S IMMO AG: Letting success in Sofia

The first quarter of 2014 brought encouraging successes in letting for S IMMO AG in Sofia, one of the company’s most challenging markets.

April 9, 2014

Hypo Group too Expensive for BayernLB

According to an official expert, regional German lender BayernLB’s fatal decision to take over Hypo Group Alpe Adria was based on questionable company evaluations.

April 7, 2014

VBAG: No State Aids in 2014

The restructuring of VBAG Group is supposed to be completed until 2017, as announced by the banking group. From currently 48 regional bank shops in Austria nine regional banks are supposed to remain.

April 3, 2014

VIG: Takeover of Donaris Successful

Acquisition of the Moldovan insurer Donaris completed

April 3, 2014

Vienna Insurance Group in Ukraine: Strong Start to 2014

Double-digit premium growth.

April 1, 2014

Austria: Delay in RBI Paying Back State Capital

Austrian Raiffeisen Bank International (RBI) will take longer than planned to pay back state capital.

March 15, 2014

Immofinanz: Buwog’s Spin-Off Approved

In an extraordinary shareholder meeting, the spin-off of residential real estate affiliate of Immofinanz was approved by the shareholders.

March 14, 2014

DiTech: Insolvency Postponed

Heavily affected computer equipement trader DiTech has to postpone filing for insolvency proceedings, which was planned today at the Commercial Court in Vienna.

March 14, 2014

Austria: DiTech to be Taken Over by Investor

Insolvent computer equipment trader DiTech is supposed to be taken over by a German investor with Polish roots.

March 13, 2014

Poland: PKO BP to Sell Parts of Consumer Loan Portfolio

This year, the largest lender in Poland intends to sell a part of its consumer loan portfolio in the amount of PLN 2.3bn to 2.5bn.

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

Poland Reconsiders Joining Eurozone

The current political crisis in Ukraine is also causing turmoil at the Polish financial markets letting the national currency drop significantly against the Euro.

March 5, 2014

UNIQA Insurance Group New in the ATX

The ATX Committee decided to include the two companies, UNIQA Insurance Group and Flughafen Wien to the ATX today.

March 5, 2014

Poland: Takeover of Nordea Bank Polska Granted

PKO BP, leading bank in Poland, was given green light by the financial market regulator KNF to take over Nordea Bank Polska, as announced in a statement by KNF.

March 4, 2014

Hypo Group: Decision about Downsizing Expected Soon

At the beginning of next week the final report for the planned downsizing of Hypo Group will be presented.

March 4, 2014

Poland: PKO BP Takes over Nordea’s Insurance Division

Polish financial market regulator KNF has finally approved the takeover of life insurance company Nordea TUnZ by PKO BP.

February 27, 2014

Poland: PKO BK Still Wants to Take Over Nordea

PKO BP had to extend the subscription period for the second time.

February 18, 2014

Cooperation between Vienna and Warsaw Stock Exchanges to Kickstart 2014

As announced by Adam Maciejewski, CEO of GPW, the operator of the Warsaw Stock Exchange (WSE), the cooperation between WSE and VSE (Vienna Stock Exchange) could be completed this year.

February 17, 2014

Austria: Changes Ahead of Buwog’s IPO

Buwog, residential builiding affiliate of real estate company Immofinanz, will be listed from April 28 on and is supposed to become a candidate for the leading Austrian index ATX at the Vienna Stock Exchange (VSE).

February 14, 2014

Immofinanz Kicking Off IPO of Buwog

Listed real estate company Immofinanz is kicking off its inital puplic offering of residential real estate affiliate Buwog.

February 13, 2014

Banks Lose Credibility and Trust

A survey reveals the fear of financial institutes enriching themselves at the expense of of private persons is widely spread.

February 12, 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

RBI: Capital Increase Successfully Completed

RBI capital increase confirms excellent environment for raising capital on the Vienna Stock Exchange.

February 11, 2014

Wolf Theiss: „M&A in CESEE Grew Substantially“

The Austrian M&A advisor Wolf Theiss reports that M&A turnover in Central, Eastern and Southeastern Europe (CESEE) rose by 56% last year.

February 8, 2014

Hungary: Next Currency Crisis Ahead

The extremely loose monetary policy begins to become a problem for Hungary. The forint exchange rate is going up considerably.

February 1, 2014

OTP: Takeover of Croatian Banco Popolare Fixed

On Friday Hungarian OTP signed a deal to take over Croatian affiliate of Italian Banco Popolare.

January 31, 2014

Bawag to Be Sold?

According to rumours, the fifth largest Austrian lender may be sold.

January 31, 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

Austria: RZB’s Share in RBI Drops Dramatically

The share of Raiffeisen Zentralbank (RZB) in its affiliate Raiffeisen Bank International (RBI) drops dramatically after the capital increase.

January 28, 2014

Poland: New Indices at WSE

GPW, the operator of the Warsaw Stock Exchange (WSE) will introduce two new indices.

January 28, 2014

Insurance Industry Faces Growing Risks

According to the U.S. rating agency Fitch, insurers in Europe have to accept riskier investments. Ratings may deteriorate, Fitch warned.

January 22, 2014

€ 2.78bn for Raiffeisen Bank International

The second-largest lender in Central, Eastern and Southeastern Europe has started the capital increase. The free float grows substantially.

January 22, 2014
Fast News Search