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Treichl to be Confirmed as CEO
Erste Group´s CEO Andreas Treichl will extend his function at the Austrian major bank.
November 26, 2011
Share Repurchase at Palfinger
The Management Board of the Austrian crane manufacturer resolves to exercise its authorization to acquire own shares. The maximum contingent is € 10m.
November 26, 2011
Pecik Now Owns 15% in Telekom Austria
The Austrian investor has bought additional shares in the telecommunication group, making him the second largest shareholder.
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
Austrian Central Bank Calls for Rise in Equity for Banks
The Austrian Central Bank (OeNB) prescribes Austrian banks to raise their equity base. By 2016, a further capital base of 3.0% is required.
November 21, 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
Palfinger General Meeting Supports Further Growth
The Management Board of the Austrian crane manufacturer was authorized to buy back own shares that may be used as acquisition funding.
November 4, 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
Raiffeisen: „Do Not Need State Capital“
Walter Rothensteiner, CEO of the Austrian RZB, intends not to sell shares in order to raise the equity base.
November 1, 2011
Unequal Distribution of Wealth in Austria
The richest 10% of Austria´s population possess 54% of the monetary wealth. Regarding real estate, inequality is observed too.
October 30, 2011
Erste Group´s CEO Wants to Avoid Further State Aid
Andreas Treichl, CEO of the Austrian major bank Erste Group, wants to prevent a further influence of the Austrian state.
October 29, 2011
Reactions of Austrian Banks to Capital Buffer Requirements
Raiffeisen Zentralbank (RZB) needs € 1.9bn, Volksbank Group (VBAG) € 972m and Erste Group € 59m in order to comply with the EBA’s new requirements.
October 27, 2011
European Banking Authority: Austrian Banks Need € 2.9bn
Banks are required to establish a buffer such that the Core Tier 1 capital ratio reaches 9%. A major part of the capital needs is attributable to Volksbank Group.
October 27, 2011
New Co-Investor for Pecik
Ronny Pecik, who is said to have acquired a substantial stake in Telekom Austria, now has a new partner. The Egyptian Sawiris faces liquidity problems.
October 24, 2011
Gold Remains Popular for Austrians
27% of Austrians expect higher profits from gold than from shares, bonds or investment funds.
October 22, 2011
Strabag: No Bonus for Retail Investors
The Austrian construction corporation Strabag SE core shareholders will not grant a monetary bonus to retail investors.
October 18, 2011
€ 4.0bn Capital Requirement for Austrian Banks
After the industrialist Hannes Androsch, also the Vice-President of the Austrian Central Bank (OeNB), Wolfgang Duchatczek, sees a need to support domestic banks.
October 17, 2011
Pecik Acquires Minor Stake in Telekom Austria
The Austrian investor now enters the Vienna-listed Telekom Austria Group. For the time being, Pecik holds a 5.4% stake.
October 17, 2011
Do Austrian Banks Need More Capital?
Recently, the prominent Austrian industrialist Hannes Androsch expressed his concerns about the equity situation of Austrian banks. Androsch sees many challenges for the domestic bank sector.
October 15, 2011
„Austrian Banks Are Robust“
Ewald Nowotny, the head of the Austrian Central Bank (OeNB) as well as the Minister of Finance, Maria Fekter, appreciate the announcement of Erste Group.
October 11, 2011
UniCredit is Optimistic For ATX
Despite several uncertainties, UniCredit sees the potential of a positive long-term development for the Austrian main index ATX. The new ATX target is 2700 points for the next 12 months.
October 11, 2011
RBI: „There Is No Reason to Write Off“
After Erste Group has published its highly negative forecast for 2011, Raiffeisen Bank International came under pressure. RBI underlines that its risk is not comparable to that of Erste Group.
October 10, 2011
Erste Bank to Keep State Capital Into 2012
According to Bloomberg, Erste Group Bank, Austria’s biggest lender, may not repay € 1.2bn in state aid until 2012.
October 8, 2011
Immofinanz: Convertible Bond Raises Equity Base
After the expiration of a convertible bond, the Austrian real estate company anticipates a substantial rise in equity.
October 8, 2011
Erste Group´s CEO: „The Situation is Serious“
Andreas Treichl, CEO of the Austrian Erste Group considers to delay the repayment of the Bank Aid.
October 1, 2011
Hypo Alpe Adria Needs More Time to Build Up Capital
The Carinthian nationalized bank will not be able to meet the prescribed capital ratios by March 2012. Management and authorities are negotiating an extension of the deadline.
September 29, 2011
New Index at Vienna Stock Exchange
Vienna Stock Exchange launches Top Dividend Indices for the ATX, CECE and CEESEG Traded Index today.
September 20, 2011
S&P: „Austrian Banks Undercapitalized“
The rating agency Standard & Poor´s (S&P) sees a substantial undercapitalization for Austrian banks. The recommended rist-adjusted capital quota is 8%, Austrian banks are below.
September 19, 2011
Increasing Equity Quotas of Austrian SME
The average equity quota of Austrian SME in 2009/2010 was 28%. This is an improvement against the previous years. However, 30% of SMEs are overindebted.
September 19, 2011
Fekter: No Nationalization of VBAG
The Austrian Finance Minister has the right to nationalize the bank if it does not pay a dividend on the state’s € 1bn of participation capital.
September 2, 2011
Hypo Alpe Adria: FMA Sees Capital Requirement of € 1.5bn
The Austrian nationalized bank has to fill the capital gap by 31 March 2012. Management wants to continue the downsizing program.
September 2, 2011
Stock Market Forecast: ATX at 2,350 Points at Year End
The expected year-end value of the Austrian index was revised downwards from 3,000 to 2,350 points. Analysts predict continued weak development well into 2012.
August 13, 2011
UniCredit Sees ATX at 3,200 Points in 12 Months
The bank’s analysts expect the Austrian stock index to recover within the next 6 to 12 months. Close links with Germany and Eastern Europe are seen as an advantage.
July 22, 2011
austriamicrosystems to Be Included in SIX Swiss Exchange’s SPI Middle Index Basket
Inclusion of the Austrian microelectronics and semiconductor manufacturer in the SPI Middle index basket becomes effective September 19, 2011.
July 21, 2011
“Capital Gains Tax Has a Strong Negative Effect on Private Investment Volumes”
Erste Group Research expects a moderately positive performance for the ATX in the second half of 2011. Top picks: OMV, RHI, Immofinanz, voestalpine, AMAG, Kapsch, Polytec, AT&S.
July 20, 2011
Stress Test: Erste Group and Raiffeisen Passed, Volksbank Failed
Volksbanken Group is the only Austrian bank that failed the stress test. Taking into account the measures that are currently being implemented, the core tier I ratio would be above the benchmark.
July 15, 2011
European Stress Test Results to Be Published on July 15
The test performance of 91 participating banks will be available next week. According to Moody’s, Austrian Volksbanken AG is at risk of failing the test.
July 8, 2011
Significant Decline in Stock Exchange Turnover
Trading volume at the Vienna Stock Exchange has fallen dramatically in the first half of the year. The negative development is blamed on the capital gains tax on securities.
July 5, 2011
Almost One Million Shareholders in Austria
Compared internationally, the Austrian population has a very low interest in the stock market. Only 13% invest in shares or funds.
June 21, 2011
Massive Drop in Trading at the Vienna Stock Exchange
Trading volume slumped by 42% to € 4.4bn as a result of the new capital gains tax on securities. The proportion of Austrian investors fell to 26%.
June 9, 2011
Austrian Companies on Roadshow to New York
The 2nd Austrian Equity Day in New York, co-organized with Crédit Agricole Cheuvreux, will be held on Monday, 6 June 2011.
June 3, 2011
Capital Transfers Still Below Pre-Crisis Level
Austria's financial transactions with foreign countries continue to be influenced by the aftermath of the crisis: investment in foreign securities has increased only slightly (€ 6.4 bn).
May 5, 2011
Erste Group Launches Rising Markets Indices
Erste Group launches Rising Markets Indices for bonds and equities focusing on high-opportunity countries. Country selection based on criteria such as GDP growth, population growth, anti-corruption measures and standard of living.
May 3, 2011
Stock Market Forecast: ATX Return 15%
Forecast of the UniCredit analysts: ATX should hit 3200 points over the next twelve months with a total potential return of 15 percent, dividends included.
May 3, 2011
Capital Requirement of Austria's Banks: € 19bn
According to the Austrian National Bank, domestic banks needed at least € 19bn in equity capital by 2010 to meet capital requirements.
April 21, 2011
Presentation of Austrian Top Companies at Equity Day in Paris
The 3rd Austrian Equity Day in Paris, co-organized with Crédit Agricole Cheuvreux, will be held on Friday, 1 April 2011.
March 31, 2011
Leasing Business Boom in Austria
Because of capital requirements and rigid lending conditions, leasing gains in importance as a financing alternative.
March 18, 2011
Tightening of Credit Policy Expected
The new Basel III rules will result in a tightening in lending, especially for small and medium-sized enterprises.
February 25, 2011
Upward Trend for CEE Insurance Stocks
CEE insurance stocks to get a boost from rising profits, cheap valuation and stronger investor demand.
February 10, 2011
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