Sponsored Content
Kommunalkredit
Sponsored Content
Kommunalkredit Austria AG / New bond issues
Kommunalkredit Austria AG / New bond issues
December 6, 2013
Sponsored Content
Austria:Kommunalkredit Managers Accused of Breach of Trust
Four former managers of nationalized Kommunalkredit (KA) are accused of breach of trust and violating the Stock Corporation Act by the Public Prosecutor's Office against Economy and Corruption (WKStA) at the Regional Court in Vienna.
November 22, 2013
Sponsored Content
Austria: Bad Bank For Hypo As Good As Guaranteed.
Chancellor Faymann and Deputy Chancellor Spindelegger are in favor of creating a bad bank for Hypo Group.
November 14, 2013
Austria: Downsizing Options for Hypo Group under Discussion
In the discussion about establishing a downsizing unit for ailing bank Hypo Group Alpe Adria, several possibilities are taken into account.
November 12, 2013
Sponsored Content
Austria: New Austerity Package to Come?
Austrian economists expect that the new government will draft another austerity package. Otherwise the fiscal objectives will not be achieved.
November 6, 2013
Number of Banks Shrinks Substantially
Since 2008, about 10% of the banks had to be closed in the Eurozone. In the last five years, 16,200 bank shops were shut down. In Austria, the situation is almost the same.
November 5, 2013
Austria: Bank Aids Burden State Budget
Since the beginning of the financial crisis, Austria has lost billions of Euros.
October 22, 2013
Kommunalkredit Austria AG / New bond issues
Kommunalkredit Austria AG / New bond issues
October 11, 2013
Kommunalkredit Austria AG / New bond issues
Kommunalkredit Austria AG / New bond issues
October 11, 2013
Sponsored Content
Austrian Banking Package: Costs May Reach € 30bn
In total, the burden for Austrian taxpayers is expected to reach up to 10% of GDP.
October 1, 2013
Kommunalkredit Austria AG / New bond issues
Kommunalkredit Austria AG / New bond issues
September 24, 2013
Austria: Fekter Demands “More Intelligent Model“ for Hypo
Finance Minister Fekter plans on introducing a “more creative model“ than a bad bank.
September 17, 2013
Austria Must Implement Liquidation Mechanism for Banks
In order to minimize fiscal losses, Austrian problem banks should be liquidates soon, IMF claims. In this case, Austria would not reach its fiscal targets in the next years.
September 13, 2013
IMF: Praise and Criticism for Austria
According to the IMF´s country report, Austria´s main problem is the fiscal situation.
September 11, 2013
Sponsored Content
Austria: State-Owned Bank to Receive Further € 200m
The state subsidy for bad bank of Kommunalkredit has increased to more than € 2bn.
August 13, 2013
Kommunalkredit Austria AG / Half Yearly Report
Kommunalkredit Austria AG / Half Yearly Report
August 13, 2013
Kommunalkredit Austria AG / Half Yearly Report
Kommunalkredit Austria AG / Half Yearly Report
August 13, 2013
Austria: Banks Indignant At Chancellor Faymann
Chancellor Werner Faymann has started the election campaign with an attack against the banks. However, CEO of Bank Austria Willibald Cernko points out that the banking industry secures 70,000 jobs in Austria.
August 9, 2013
Hypo Group Needs Even More Money
The nationalized Austrian bank needs fresh funds of more than € 700m. For the Austrian taxpayers, the banking package becomes more and more costly.
July 21, 2013
Sponsored Content
Kommunalkredit to be Liquidated
The EU Commission has approved the plans submitted by the Austrian government. The nationalized bank will need further state aids.
July 20, 2013
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
Kommunalkredit Austria AG / Privatization process not completed on
the basis of existing offers
Kommunalkredit Austria AG / Privatization process not completed on the basis of existing offers
May 16, 2013
Austria: KA Finanz Not Planning On Needing More State Funds
After last week’s S&P report said KA Finanz was prone to needing further state funding, the rating agency apologized to the banking institute.
April 23, 2013
Sponsored Content
S&P: More Funds For KA Finanz
Austrian major banks are performing weakly. Risks increase in CESEE countries. S&P also warns of real estate bubble in Vienna.
April 18, 2013
Austria: Sale of Kommunalkredit Still in Limbo
Denationalization of Kommunalkredit not yet completed.
March 29, 2013
VBAG is Forced to Continue Radical Downsizing Measures
The partly nationalized and financially stricken Austrian banking group has to implement a painful restructuring concept. At the moment, VBAG sells its properties.
March 15, 2013
Austria: Negative Outlook for Banks
Moody’s current analysis paints a rather bleak picture about the situation of the Austrian banking industry.
March 8, 2013
“Sale of Kommunalkredit Will Take Some Time”
Ewald Nowotny, governor of Austrian National Bank, believes that the sale of the nationalized Austrian banking group will take some years.
February 18, 2013
Sponsored Content
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
Sale of Kommunalkredit to Collapse?
The sale of the Austrian nationalized bank is everything but successful. The sale will have to be postponed again.
January 31, 2013
Austria: Kommunalkredit May Become Even More Expensive
According to experts, the bail-out of the Austrian fully nationalized bank is not managed yet. Austrian taxpayers must expect further capital injections.
January 26, 2013 · Updated: January 26, 2013; 20:24
Sale of Kommunalkredit to Be Postponed
The sale of the Austrian nationalized bank will not be sold by the end of the year. Austria´s Ministry of Finance postpones the signing by three months.
December 17, 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
Sponsored Content
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
Austrian Audit Court Criticizes Nationalization of Kommunalkredit
According to the Austrian Audit Court, the former owner of Kommunalkredit VBAG would have survived without the nationalization.
October 15, 2012
Sale of Kommunalkredit: First Offers Expected
The nationalized Austrian bank should be sold until June 2013. Next week, the first non-binding offers are expected.
September 29, 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
Sponsored Content
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
Five Potential Buyers for Kommunalkredit
Next year, the nationalized bank should be re-privatized. The sale should be finished until the end of this year.
September 4, 2012
Fekter Does Not Exclude Further Bank Aids Anymore
Austria´s Finance Minister Maria Fekter admits that the three nationalized banks Hypo Group and Kommunalkredit/KA Finanz may need further capital injections. In the past, Fekter denied the need of further bank aids.
August 23, 2012
Several Potential Buyers for Kommunalkredit
In 2013, the nationalized Austrian bank must be re-privatized. The buyer won´t be an Austrian bank.
August 21, 2012
FMA Pushes for Bank Insolvency Law
The Austrian Financial Market Authority increases pressure on the government. Director Helmut Ettl says the Austria needs an insolvency law for banks as soon as possible.
August 7, 2012
Kommunalkredit´s KA Finanz Needs New Guarantees
Because of its exposure in Greece, the nationalized Austrian lender needs further guarantees from the Austrian state.
August 6, 2012
Kommunalkredit: Small Profit, Big Risks
In the first six months, the nationalized Austrian Kommunalkredit bank could generate a net income of € 16.2m. Further capital injections are likely.
August 4, 2012
Kommunalkredit Sale: „There are potential buyers“
Yesterday, the nationalized Kommunalkredit was put up for sale. According to Fimbag´s board chairman Klaus Liebscher, there are some interested parties.
July 27, 2012
Government Puts Kommunalkredit for Sale
The nationalized Austrian lender Kommunalkredit should be sold until 2013. Offers must be to submit to Morgan Stanley until August 16.
July 26, 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
Sponsored Content
Fast News Search
