Erste Group
CESEE: Poland and Turkey are Hot Spots
Erste Economic Sentiment Indicator CEE: stock market expectations weaker, but still ahead of Eurozone. Turkey and Poland remain the preferred investment regions.
July 4, 2012
Erste Group Lays Cornerstore for New Headquarters
In 2016, Austrian Erste Group will get a new headquarters. 20 different offices will move to the new central headquarters at the Viennese Central Station.
June 27, 2012
Credit Crunch in CESEE?
Anglo-Saxon banks and funds are most aggressive in deleveraging; Austrian bank are not relying on funding from countries in hotspots of deleveraging.
June 27, 2012
Austrian Banks Affected by European Crisis
Bank Austria´s CEO Willibald Cernko still believes in the common currency. Last year, earnings went down by 14.6%.
June 26, 2012
Treichl: „Europe Does Not Need the Euro“
Andreas Treichl, CEO of Austrian Erste Group thinks that the European Union would work very well without the common currency. A common army would be more important.
June 25, 2012
NPL of € 100bn in CEE?
The chairman oft he Viennese Chamber of Labor Werner Muhm asserts that Austrian banks hold non-perfoming loans in CEE ountries. Austrian banks rejected Muhm´s statement.
June 23, 2012
Erste Pursues Downsizing Strategy in Romania
Last month, the Austrian Erste Group closes about 25 bank branches of BCR in Romania.
June 21, 2012
Fitch: Positive Statements for Austrian Banks
For the U.S. rating agency, the lending activities of Austrian banks in Eastern Europe is only a minor risk factor.
June 19, 2012
Vienna Stock Exchange: Winners and Losers (2012-06-19)
Daily News-Flash from the Vienna Stock Exchange: Upgrades and Downgrades, Analyzes and Comments.
June 19, 2012
Vienna Stock Exchange: Winners and Losers (2012-06-18)
Daily News Flash from the Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
June 18, 2012
Orban Defends Hungarian Economic Policy
The Hungarian Prime Minister Viktor Orban met Austrian policymakers in Vienna. The Hungarian bank tax should be replaced by a financial transaction tax.
June 13, 2012
Erste Group Manages Bond Issue in Poland
Poland new long 10-year sovereign bond issue had a volume of € 1.5bn. The issue was more than 2x over-subscribed.
June 12, 2012
Austrian Banks Perform Well in Eastern Europe
The Austrian banks did not overreach themselves in Eastern Europe, the economist Bernhard Felderer says. By contrast, UniCredit, RBI and Erste Group are highly profitable.
June 11, 2012
Austrian Banks Cut Exposure in Spain
Erste Group, Raiffeisen Bank International (RBI) and KA Finanz have the highest exposure among Austrian banks.
June 11, 2012
Moody´s Warns Austria of Another Downgrade
The U.S. rating agency may downgrade European AAA-countries like Austria, Germany or France soon.
June 9, 2012
„There´s no Crisis in Eastern Europe“
Austrian economists and bankers do not comprehend the downgrade by Moody´s. The risk in Eastern Europe would be more differentiated, OeNB´s governor Nowotny said.
June 8, 2012
Vienna Stock Exchange: Winners and Losers (2012-06-08)
Daily News Flash from Vienna Stock Exchange: Upgrades and Downgrades, Analyzes and Comments.
June 8, 2012
Downgrade for Austrian Banks
The U.S. rating agency Moody´s downgrades Erste Group, Raiffeisen Bank International and Bank Austria.
June 6, 2012
Erste Raises Stake in BCR
Erste Group’s ownership in BCR increases to 93.27%, following the successful buyout offer for minority shareholders.
June 5, 2012
Treichl: „Spain Needs Help“
The CEO of theAustrian Erste Group Andreas Treichl is in doubt whether Spain may conquer the crisis without help. Regarding Greece, Europe has to pay anyway, Treichl thinks.
June 1, 2012
Participation Capital: € 98m Interest Payment by Erste Group
The Austrian bank pays € 98m in interest to the Republic of Austria.
May 31, 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
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
Vienna Stock Exchange: Winners and Losers (2012-05-18)
Daily News Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
May 18, 2012
New Supervisory Board at Erste Group
Friedrich Rödler was appointed as new chairman of the supervisory board of the Austrian bank.
May 16, 2012
„I´m Glad That It Is Over“
Andreas Treichl, CEO of Erste Group had to present the first annual loss to the shareholders since its IPO in 1997.
May 15, 2012
Hungarian Bank Tax May be Abolished
The extraordinary bank tax in Hungary will be halved in 2013 and deleted in 2014, the government said. Austrian banks are relieved.
May 10, 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
Vienna Stock Exchange: Winners and Losers (2012-05-08)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
May 8, 2012 · Updated: May 8, 2012; 16:33
Vienna Stock Exchange: Winners and Losers (2012-05-05)
Daily News-Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
May 5, 2012
Austrian Banks Only Reached Minor Profits in 2011
Last year, consolidated profits of Austrian banks were down by 85%. In total, profits after taxes amounted to € 0.71bn. At the moment, Spain and Portugal are not regarded as risk factors.
May 2, 2012
Vienna Stock Exchange: Winners and Losers (2012-05-02)
Daily News-Flash from Vienna Stock Exchange. Upgrades and Downgrades, Winners and Losers.
May 2, 2012 · Updated: May 2, 2012; 13:05
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
Erste Group Expected to Record Lower Profits
In the first quarter of 2012, the Austrian banking group will register weaker results compared to the first three months of 2011.
April 28, 2012
Vienna Stock Exchange: Winners and Losers (2012-04-24)
Daily News-.Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
April 24, 2012
Moderate Profit Increase at Erste Bank
The Austrian subsidiary of the Vienna-based Erste Group could record a 12.1% profit increase. Lending was up by 33%.
April 24, 2012
Vienna Stock Exchange: Winners and Losers (2012-04-23)
Daily News Flash from Vienna Stock Exchange. Upgrades and Downgrades, Winners and Losers.
April 23, 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
Vienna Stock Exchange: Winners and Losers (2012-04-18)
Daily News Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
April 18, 2012
Vienna Stock Exchange: Winners and Losers (2012-04-16)
Daily News Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
April 16, 2012 · Updated: April 16, 2012; 18:05
Goldman Sachs: Too Small Margins at Austrian Banks in CEE
The U.S. investment bank is optimistic that the CEE region recovers in 2013. The write-offs made by Austrian banks were “correct”.
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
Erste Group Sells Property
The Austrian banking group shifts its headquarters to the new Vienna main station in three years. The property sales are essential due to equity restrictions by EBA.
April 13, 2012
S&P: Austrian Banks Still Weakly Capitalized
The U.S. rating agency S&P regards Austrian banks to record high capital shortfalls.
April 11, 2012
Vienna Stock Exchange: Winners and Losers (2012-04-10)
Daily News Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
April 10, 2012 · Updated: April 10, 2012; 19:19
Vienna Stock Exchange: Winners and Losers (2012-04-04)
Daily News Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
April 4, 2012
Polytec: Declining Revenues, but Rising Earnings Expected
Tomorrow, Wednesday, the Austrian automotive component supplier presents its results of 2011. Analysts anticipate a significant increase in earnings.
April 3, 2012
Vienna Stock Exchange: Winners and Losers (2012-04-02)
Daily News Flash from Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.
April 2, 2012 · Updated: April 2, 2012; 20:00
Vienna Stock Exchange: Winners and Losers (2012-03-31)
Daily News-Flash from Vienna Stock Exchange. Upgrades and Downgrades, Winners and Losers.
March 31, 2012
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