Interest Rates

Austrian National Bank: Monetary Policy Strategies Must Act

In his speech at the opening of this year's Economics Conference, Austria's National Bank - Governor Robert Holzmann shed light on the importance of a robust and resilient monetary policy in uncertain times. Given the recent financial market turmoil, he stressed that monetary policy strategies must not remain empty words and that the instruments must work.

May 24, 2023

EU Approves 2 Billion Euros in State Aid for Wien Energie

The European Commission has approved 2 Billion Euros in state aid for Austrian energy supplier Wien Energie. This was done to accelerate the energy transition and reduce fuel dependency in the context of the Russo-Ukrainian war, according to the EU Commission.

April 5, 2023

Austrian Banks React to ECB’s Interest Rate Decision

The Austria banks quickly passed on the interest rate hike to their customers. Christoph Leitl regards the decision as an impediment for budgetary consolidation.

July 8, 2011

Lending Rates of Domestic Banks Significantly Lower Than in the Euro Area

The lending interest rates for private households and businesses have risen recently. But despite this, rates are more advantageous than in other euro-countries.

November 23, 2010

Oberbank Announces Results for Third Quarter 2010

Due to the expansion of interest and commission income and a stable cost structure, Oberbank has achieved an excellent result.

November 16, 2010

Erste Group Posts Net Profit of EUR 737 Million

Net profit rose by 2.3% to EUR 736.8 million in the first nine months of 2010. The cost/income ratio improved to 48.7%, from 50.9% in the first three quarters of 2009.

October 29, 2010

Erste Bank recommends formation of small cash reserves

The investment experts of “Erste Bank” recommend, from the third quarter, formation of small cash reserves in the amount of 5% in the conservative portfolio and 7.5% in the dynamic portfolio.

June 29, 2010
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