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Funding

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

Warimpex to launch a Private Placement of Convertible Bonds

The Austrian real estate company intends to issue convertible bonds amounting to € 29.73m at the Warsaw Stock Exchange in order to "enhance financial flexibility".

April 20, 2011

Financial Problems in Austrian Municipalities

The revenue of Austrian municipalities should not be fall further in 2011, however, new expenditures will be caused by additional competences.

April 16, 2011

Households are Relying Increasingly on Managed Financial Products

Almost half the savings of Austrian households were invested in mutual fund shares, life insurance or pension funds, i.e. in managed financial products.

April 15, 2011

AutoBank‘s Figures Slightly Negative

The Austrian specialist bank could improve its results and market position slightly. The forecasts were exceeded, according to AutoBank.

April 13, 2011

Substantial Financing Needs for S&T Again

The Austrian software company still suffers financial turmoil. New funds for € 3.5m are urgently required.

April 12, 2011

ÖVAG Participates in the Stress Test

Unlike last year, the Austrian Volksbanken group (ÖVAG) is to participate in the EU-wide stress testing of banks. 5% equity is assumed as lower limit.

April 9, 2011

Corporate Banking: Bank Austria still dominant

Corporate banking is an important pillar of business for Bank Austria, generating € 899 m or one fourth of the total operating result. The market share is 89%.

April 9, 2011

Kern: "We are Struggling for Survival"

The CEO of the Austrian Federal Railways (ÖBB), Christian Kern, paints a dramatic picture of the largest domestic transport company.

April 8, 2011

Austria’s Exposure to Portugal: € 433m

France is clearly the larges creditor of the troubled country. Portugal owes Austria € 433m.

April 8, 2011

Basel III: Leitl Demands Adaptation for SMEs

The implementation of Basel III should take business financing into account, for which reason national support measures are necessary for capital strengthening of small businesses.

April 5, 2011

OeNB: "Positive Signals from the Banking System"

The expected consolidated net income of Austrian banks rose to € 4.58bn, generated in large part on foreign markets.

March 30, 2011

Austrian SME as New Target for Bank Austria

In total, € 13.2bn of new loans could be granted at Bank Austria in Austria in 2010 (corresponding to an increase of 19.3 percent as compared to 2009)

March 29, 2011

“GemeindeMilliarde” Initiative of Bank Austria Extended

In view of strong demand from municipalities Bank Austria expands GemeindeMilliarde initiative by a further € 500 m

March 26, 2011

ÖBB: Massive Losses in Ireland

The ÖBB had to write off € 260m because of a sale and lease-back transaction.

March 19, 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

Griffner is Aiming at IPO for 2013

The Carinthian construction company, which specializes in ecological construction intends to acquire new capital in the coming years in order to expand.

March 12, 2011

Company Pension Funds Tend to Investment Funds

Investing in investment funds is a growing trend for company pension funds (betriebliche Vorsorgekassen), increasing by 32% in 2010. The volume of corporate pension funds increased by 26%.

March 11, 2011

Erste Group: State Aid to be Refunded

The CEO of Erste Group, Andreas Treichl, is considering paying back the state money for the amount of € 1.2bn.

February 26, 2011

Erste Group: Strong Increase in Lending

The Austrian Erste Group granted € 7.8bn loans in 2010 and expects demand for credit to rise in 2011 and 2012.

February 25, 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

Intercell Issues Convertible Bond

The Austrian pharmaceutical company Intercell starts offering of € 30.8m senior convertible debt financing.

February 23, 2011

S&T Restructuring: Agreement with Banks Concluded

Detailed negotiations with banks were successfully concluded by the Austrian software company.

February 23, 2011

Brenner Tunnel: ÖBB will not pay

The Austrian Federal Railways will only accept to build the tunnel for € 10bn, if the costs are passed on to the state.

February 22, 2011

aws: Investments in Austria Rise Again

"Companies are investing more heavily in expanding and adding production capacity", reports the management of aws (Austria Wirtschaftsservice).

February 16, 2011

Merger Within Telekom Austria

A1 Telekom Austria Restructures its M-Payment Subsidiaries: paybox and A1 Bank Merge to Form New paybox Bank AG

February 12, 2011

OMV Capital Increase Likely

Due to massive acquisitions in recent months, the Austrian OMV has to refinance. A capital increase is the most favorable option.

February 9, 2011

RBI Faces an Increase in Equity

The Austrian Raiffeisen Bank International will strengthen its equity, announces Attorney General Konrad.

February 8, 2011

Energie AG Plans Capital Increase

The Upper-Austrian energy company is to raise funds in order to realize further investment projects.

February 7, 2011

ÖBB CEO Kern Closes In on Politicians

The CEO of the Austrian Federal Railways (ÖBB), Christian Kern, reacts angrily to accusations made by politicians.

February 5, 2011

Superfund Seeking for Investors in Japan

The Austrian investment fund intends to raise new funds via Japanese institutional investors. The volume is said to account for $ 100m

February 3, 2011

Refunding at S&T Accepted by Banks

The Austrian software company could close a “refinancing package” with its creditors. S&T sells subsidiaries in Ukraine and Moldova.

February 1, 2011

Atrium: "Meinl Exploited its Position as a Trustee”

After the repayment of the convertible bond to the Austrian Meinl Bank, the real estate funds considers the calling as "blatant unlawfulness."

February 1, 2011

"Austria Does Not Deserve an AAA Rating"

The chief economist of the American Citigroup, Willem Buiter, also denies Austria, alongside the U.S. and the UK, the right to the AAA rating.

January 29, 2011

Unmodified Lending Policy of Austrian Banks

Austrian banks did not change their lending policy in the fourth quarter of 2010, no modifications are expected for the current quarter either.

January 28, 2011

voestalpine Intends to Strengthen Equity Capital Base

The Austrian steel company plans to make itself more independent from debt. In spite of growing profits, investments remain low.

January 27, 2011

voestalpine Successfully Places Bond Issue

The Austrian steel company has closed its corporate bond issue. Proceeds are € 500m, the coupon is given by 4.75%.

January 26, 2011

Weak Capital Base of Austrian Banks

According to the rating agency Standard & Poor's (S&P), Austria's major banks are equipped with very weak equity by international standards.

January 20, 2011

Demand to Unburden Business Founders

The Austrian Economic Chamber demands the creation of tax and corporate law unburdening for company founders.

January 19, 2011

Treichl: Massive Criticism on Austrian Government

Andreas Treichl, CEO of Erste Group criticizes the Austrian Government for its fiscal and structural policy. 2011 would be the last chance for reforms.

January 16, 2011

Investment Inhibition in Austrian Companies

The investment situation of Austrian companies is analyzed in the liquidity situation report by PwC. There are still frictions present on the capital market.

January 14, 2011

Customer Growth for Construction Savings Bank ABV

In 2010, the Austrian construction savings bank ABV granted building loans for € 287m.

January 14, 2011

Austrian Tourism Operators Continue to Invest Heavily

Investment in the tourism business is estimated at € 5.0bn for 2011. The previous year’s level will therefore be maintained.

January 10, 2011

OMV: Moody´s Warns Against Downgrade

The Austrian energy group has to refinance its acquisitions in Turkey and Tunisia. The American rating agency puts pressure on OMV.

January 10, 2011

Austrian SME as a Source of Innovation

Austria's small and medium enterprises are, according to the Small and Medium-Sized Business report, the main driver for innovations.

January 7, 2011

S&T: New Investors in Sight

S&T, the software company undergoing massive difficulties located in Austria might get an Indian investor soon.

January 7, 2011

OMV: Market Predicts Capital Increase

Due to acquisitions and the rating situation, analysts expect a capital increase of Austria's energy group.

January 7, 2011

Wolf Theiss Starts Advice For Basel III

In response to the challenges presented by Basel III, the Austrian consulting company has formed a special "Basel III Task Force".

January 4, 2011

A-Tec: Restructuring Plan Accepted

The survival of the Austrian A-Tec is provisionally secure. An investor has to be found until mid-year.

December 30, 2010

ÖVAG: Sales Process of East-holding is Under Way

For the coming year, the Austrian Voksbanken are planning to restructure the Group. A buyer is currently being sought for the East-holding.

December 30, 2010
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