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Hannes Androsch

FACC Achieves Sales Record of EUR 750.7 Mln in 2017/18

FACC, the Sino-Austrian aircraft component manufacturer generated preliminary sales of 750.7 million euros, and the order backlog increased to US$ 5.9 billion. On March 19, FACC entered the ATX, Austria's leading index on the Vienna Prime Market, and has since been one of the 25 largest and most traded companies in Austria.

April 4, 2018

Hanna Kordik Awarded the Prize for Outstanding Economic Journalism

Hanna Kordik was awarded the prestigious Horst Knapp Prize in a ceremony. The eulogy was delivered by Ewald Nowotny, Governor of Oesterreichische Nationalbank, in his capacity as chairman of an independent jury. The speaker at the award ceremony was the industrialist Hannes Androsch.

June 10, 2014

EU Puts Limit to State Aids for Hypo Group

So far, € 4.8bn in capital aids had to be injected into ailing bank Hypo Group Alpe Adria. According to an EU statement, the Austrian state is only permitted to spend € 3.65bn on Hypo Group.

February 14, 2014

„We Were Cheated by BayernLB“

Hannes Androsch, head of the Hypo Group task force, thinks that the former Austrian government has made serious mistakes.

February 13, 2014

Hypo Group: Calls for Bankruptcy Become Louder

The Austrian government wants to prevent the bankruptcy of the nationalized lender Hypo Group Alpe Adria. However, there are better arguments for an orderly insolvency.

February 3, 2014

Austrian Banking Package: Major Burden for Taxpayers

In total, the banking package has caused costs of more than € 6.4bn. Austrian taxpayers must expect further costs.

July 19, 2013

Hypo Group: Fekter Under Pressure

Finance Minister Fekter is put under pressure by Austrian Green Party to establish a bad bank for Hypo Group.

June 10, 2013

Hypo Group: Sale of Austrian Unit „at a Late Stage”

According to Hypo Group, the results of the Austrian unit for 2012 are “highly satisfying”.

February 16, 2013

„Selling Hypo Group Needs up to Five Years“

Hannes Androsch, supervisory board president of the Austrian bank holding Fimbag, thinks that a sale will either be expensive or take some time.

February 15, 2013

Size of Austrian Bank Aid: € 20bn

Since 2008, the Austrian state has injected more than € 8bn into domestic banks. Guarantees total € 12bn.

February 5, 2013

Austrian Banking Package: Losses total € 1.9bn

According to Austria´s Financial State Secretary Andreas Schieder, preliminary losses of the banking package come at € 1.9bn. Further losses are expected.

December 13, 2012

„Too Many Banks in Austria“

Hannes Androsch, President of the Austrian bank holding Fimbag, warns that Austria´s exposure in CESEE countries is disproportionately high.

November 28, 2012

Austrians Reject Further Bank Aids

About 61% of the Austrian citizens are against further bank aids by the Austrian state. Economists fear that the bank aids are lost forever.

November 28, 2012

KA Finanz: Capital Shortfall to Become Bigger

The financially stricken bank is expected to need further cash contributions.

November 24, 2012

FMA: „Austria is Open to Blackmail by Banks”

Kurt Pribil, director of the Austrian Financial Market Authority, thinks that the nationalization of banks has shown that the Austrian state is still under pressure.

October 23, 2012

Banking Package: Austria to Lose Billions

Hannes Androsch, member of the publicly owned bank holding company Fimbag, fears that Austria´s losses will be substantial.

October 22, 2012

Androsch: „AT&S Under Double Pressure“

In an interview with “Wirtschaftsblatt”, the major shareholder of the Austrian semiconductor producer AT&S explains that the company faces increasing costs and declining prices.

October 15, 2012

Banking Package: Austrian Opposition Criticizes Government Sharply

Today, the Austrian Audit Court explained that costs may reach up to € 4.8bn.

September 26, 2012

Costs of Austrian Banking Package: € 2.36bn

Since 2008, the Austrian government has resolved rescue packages worth € 21bn. Expenses totaled € 4.169bn, revenues reached € 1.814bn.

September 19, 2012

VBAG Redeems Bonds

The partly nationalized Austrian bank has repaid bonds guaranteed by the Austrian state.

September 14, 2012

Hypo Group´s Capital Shortfall at € 2.2bn

Today, the Austrian Financial Market Authority (FMA) announced its new estimation regarding the nationalized banking group. Insiders fear that Hypo Group needs even more money.

September 6, 2012

Dispute Over Hypo Group

Despite the relatively good results, the nationalized bank needs further capital injections. What is more, the capital shortfall at Hypo Group is highly controversial.

August 16, 2012

Austrian Bank Aids: Losses Total € 3.4bn

The nationalized banks are a substantial risk factor for Austria´s budget. Losses may increase further.

July 23, 2012

Hypo Group: „As Little Bank Aids as Possible“

Hypo Group Alpe Adria´s CEO Gottwald is unhappy with reports that the state-owned bank may need further bank aids.

July 20, 2012

Fear of Capital Shortfall at Austrian Banks

The Austrian problem banks Hypo Group and KA Finanz may need further capital injections.

July 19, 2012

Hypo Group: The Time is Pressing

Until the end of this year, the Austrian nationalized banks needs an equity quota of 12.0%. This will not be achieved without special measures.

June 11, 2012

Androsch Criticizes Hypo Group Purchase

In 2009, the Austrian state nationalized the financially stricken Hypo Group. Much time was wasted, the industrialist and Fimbag board member Hannes Androsch thinks.

May 30, 2012

Hypo Group May Need Further State Aid

The directors of the Austrian Financial Market Authority (FMA) did not exclude that the nationalized Hypo Group Alpe Adria has a substantial capital shortfall.

May 23, 2012

Androsch Criticizes Political Inactivity

The former Austrian Finance Minister and industrialist Hannes Androsch thinks that both austerity and growth strategies are needed and criticizes the government sharply.

May 18, 2012

VBAG to be Acquired by BAWAG?

According to market rumors, the financially stricken VBAG could be taken over by the U.S. investment fund owned Bawag.

March 2, 2012

Banking Industry As „Cash Cow“?

For RZB´s CEO Rothensteiner, the increase in bank tax is “not fair”. The government plans to raise bank taxes by 25%.

February 29, 2012

AUA to be Re-Sold?

Rumors on Austrian Airlines do not end. A sale by Lufhansa is discussed, even the insolvency is not excluded.

February 9, 2012

AT&S: Massive Investments in China

The Austrian manufacturer of conductor boards will invest € 600m for its factory in the Chinese Chongqing.

October 22, 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

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

Androsch „Another Three to Four Billions for Hypo Group“

The former Minister of Finance, Hannes Androsch fears a loss of Austria´s AAA-rating. “We are being observed accurately.”

October 4, 2011

A-Tec to be Dissolved

The Austrian technology company, which should have been sold as a whole, could not find a buyer. The remaining assets will now be offered separately.

October 1, 2011

Bawag-CEO: “No Exit of Cerberus in 2012”

After five years, a sale of the Austrian bank would become possible next year. The shoe retailer Stiefelkönig will be sold this summer.

June 15, 2011

Austrian Economic Chamber focuses Growth Market China

Minister of Economy Mitterlehner presented together with the President of the Economic Camber, Leitl, strategies for the export market China.

December 17, 2010

Austrian Institute of Technology - "Last Chance" was used despite economic crisis

The figures are black for the second time since 2008 and the number of orders is satisfactory despite "considerable shrinking of the world economy".

June 24, 2010
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