Sponsored
Page 8/12

Erste Group

Styrian Mining Company Causes Problems for Austrian Banks

The Austrian mining company Decometal has debts reaching € 250m. Now, the company will be restructured. Loans must be extended.

December 28, 2011

Erste Group: Core Shareholder Endangered to Reduce Stake

Erste Group´s main stockholder, the Erste Stiftung, needs 2012 dividend to avoid stake sale.

December 28, 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

Vienna Stock Exchange: Winners and Losers (2011-12-20)

Daily News Flash from Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

December 20, 2011

Vienna Stock Exchange: Winners and Losers (2011-12-19)

Daily News-Flash from Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

December 19, 2011

Foreign Currency Loans: Austrian Banks Appreciate Hungarian Decision

Austrian banks reacted positively to the announcement of the Hungarian government to participate in costs for the conversion of foreign currency loans.

December 19, 2011

Changes to the Management Board of Erste Group

The Supervisory Board of the Austrian bank took several personnel decisions that concern the holding company as well as the subsidiaries in Hungary and Romania.

December 15, 2011

Vienna Stock Exchange: Winners and Losers (2011-12-14)

Daily News-Flash from Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

December 14, 2011 · Updated: December 14, 2011; 18:29

ATX: Erste Group is Optimistic

After a 36% decrease in 2011, Erste Group´s analysts state that the Austrian Traded Index has an upside potential up to 2,100 points in 2012.

December 14, 2011

Vienna Stock Exchange: Winners and Losers (2011-12-13)

Daily News-Flash from Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

December 13, 2011

Erste Group Increases Stake in BCR to 82%

In connection with the implementation of agreements with the Romanian SIFs, Erste Group has acquired a further approx. 7% stake in BCR against cash and issuance of new shares.

December 12, 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

Rising Finance Requirements Due to Increase in Investments

According to the Erste Bank’s forecast on savings and loans, the average financing amount in Austria amounts to € 81,800.

December 7, 2011

Vienna Stock Exchange: Winners and Losers (2011-12-03)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

December 3, 2011

S Immo Announces Changes in Shareholding Structure

The Austrian real estate company S Immo clarifies that the two core shareholders still remain in S Immo and hold a threshold beyond 9% each.

December 3, 2011

Vienna Stock Exchange: Winners and Losers (2011-12-02)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.

December 2, 2011

Vienna Stock Exchange: Winners and Losers (2011-11-30)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.

November 30, 2011

Erste Group Buys Remaining Shares in Romanian BCR

The Austrian bank has reached an agreement with the last one of five regional investment funds to acquire its stake of 6%.

November 30, 2011

Management Board Salaries Increased by 13.2% in 2010

Salaries for a company’s board members totaled € 3.4m, while compensations for supervisory board members amounted to € 182,000 on average.

November 29, 2011

Stock Swap at Erste Group

The Austrian bank increases its stake in the Romanian BCR by 6.23% against cash and issuance of new shares

November 28, 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

Austrian & CEE Investor Conference 2011 in New York

15 companies from Austria and CEE will participate in the conference on 28 November.

November 25, 2011

Financial Market Authority Terminates Inquiry Against CEO of Erste Group

The head of the Austrian bank group had been accused of balance sheed fraud. A second investigation for alleged market manipulation is still ongoing.

November 24, 2011

Vienna Stock Exchange: Winners and Losers (2011-11-24)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.

November 24, 2011

Austrian Minister of Economics Criticizes Hungary

On the occasion of a bilateral meeting between the Hungarian and the Austrian Minister of Economics Reinhold Mitterlehner repeated his critics regarding Hungarian foreign currency loans.

November 21, 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

Vienna Stock Exchange: Winners and Losers (2011-11-21)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

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

Vienna Stock Exchange: Winners and Losers (2011-11-17)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.

November 17, 2011

Vienna Stock Exchange: Winners and Losers (2011-11-15)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

November 15, 2011

Vienna Stock Exchange: Winners and Losers (2011-11-08)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

November 8, 2011

Hungary Rejects Further Bank Charges

Contrary to its initial plans, Hungary will not resolve further aid measures for domestic loan takers. The government is seeking for cooperation with concerned banks.

November 5, 2011

Moody´s Considers Downgrade of Erste Group

The rating agency says that a downgrade of the long-term rating of Erste Group from “Baa1” to “Baa2”is probable.

November 5, 2011

Andritz: Analysts Optimistic

The Austrian engineering and technology group Andritz is expected to report a significant rise in sales, earnings and profits.

November 5, 2011

Vienna Stock Exchange: Winners and Losers (2011-11-04)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.

November 4, 2011

Moody’s: Downgrade of Erste Group Likely

The Austrian bank will likely be downgraded from “Baa1” to “Baa2”, the rating agency says.

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

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

Vienna Stock Exchange: Winners and Losers (2011-10-31)

Daily News-Flash from the Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.

October 31, 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

Orban Attacks Austrian Banks

The Hungarian Prime Minister Viktor Orban wants to release his country from the “debt slavery” and criticizes Austria´s reactions.

October 29, 2011

Vienna Stock Exchange: Winners and Losers (2011-10-28)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.

October 28, 2011

Erste Group Reports Loss of € 1.49bn for the Third Quarter

The Austrian bank took extraordinary charges leading to a net loss of € 973.0m in the first nine months of 2011 and significantly reduced CDS exposure.

October 28, 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

Germans Are Savings Champions Followed by Austrians

Erste Group Savings Study: Germans save most (€ 180 per month), followed by Austrians (€ 168) and Britons (€ 160). In CEE, the Czechs and Slovaks (€ 90) are the tireless savers.

October 27, 2011

Vienna Stock Exchange: Winners and Losers (2011-10-25)

Daily News-Flash for the Vienna Stock Exchange: Upgrades and Downgrades, Winners and Losers.

October 25, 2011
Fast News Search