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Erste Group Finances Major Slovak Real Estate Project

Erste Group’s Slovak subsidiary co-refinances City Business Centre in Bratislava with EUR 34.5 million.

February 11, 2013

Hungary´s Economy to Recover?

Hungarian Minister of Economics György Matolcsy says that the country may achieve the turnaround this year. Last year, several adverse factors occurred at the same time, Matolcsy explained.

February 7, 2013

Slovenia´s Banking Industry in Distress

Due to the economic crisis, the lending business goes down. The indebtedness of the real economy remains high. Funding costs are increasing.

February 5, 2013

Poland: Banks Continue to Tighten Lending Policy

NBP Report: In the fourth quarter of 2012, the banks continued to reduce the availability of loans to households and small and medium-sized enterprises. The banks expected demand for housing loans to decline sharply in the first quarter of 2013.

February 4, 2013

Croatia: New Difficulties for Banks Ahead

Croatia´s National Bank is said to increase the coverage ratio for non-performing loans.

February 1, 2013

Orban: „Agreement with IMF Unlikely“

According to Hungary´s Prime Minister Viktor Orban, the IMF tries to put pressure on Hungary.

February 1, 2013

Hungary: Lending Declines

Household and non-financial corporate sector interest rates: December 2012.

January 31, 2013

OeNB: Austrian Banks Remain Cautious

According to Austrian National Bank, the Austrian banking industry tends to keep the strict lending policy in the corporate banking sector.

January 30, 2013

Slovenia: Corporate Lending Falls Considerably

Due to the difficulties in the Slovenian banking sector, the real economy suffers from a credit crunch.

January 30, 2013

Serbia: Foreign Debt Grows

Despite eurobond issue, private sector deleveraging led to mild foreign debt growth, Raiffeisen Research reports.

January 30, 2013

Stepic on Austrian Banking Sector: „There is some Need for Reforms”

In an interview with the Austrian newspaper “Presse”, RBI`s (Raiffeisen Bank International) CEO Herbert Stepic explains that the current situation of the Austrian banking sector is ambiguous.

January 19, 2013 · Updated: January 19, 2013; 19:31

Stepic: „CESEE Region Faces Challenging Year“

RBI´s (Raiffeisen Bank International) CEO Herbert Stepic explained that central, eastern and southeastern Europe is still Europe´s growth engine.

January 15, 2013

CEE Banking Study 2013: “Banks Rebalance Their Business Models” (3)

Foreign players have an important role in the local markets and increased the share of CEE assets within their groups' total assets over the last years.

January 15, 2013

CEE Banking Study 2013: “Banks Rebalance Their Business Models” (2)

Total assets and lending have grown steadily since 2008, even though at a slower pace than before the crisis and with a stronger focus on domestic funding sources.

January 15, 2013

CEE Banking Study 2013: “Banks Rebalance Their Business Models” (1)

The CEE banking sector keeps showing good profitability with revenue margins narrowing but still above Western European levels.

January 15, 2013

Fitch: Austrian Banking Industry Depends on CESEE

According to the U.S. rating agency, the situation of Austrian banks strongly depends on the development in central, east and southeast Europe.

January 14, 2013

Serbia: External Debt Growing Due to Euro Revaluation

Up by € 746.4m or 3.1% from end-June 2012, external debt of the Republic of Serbia totalled € 24.8bn at end-September 2012.

January 11, 2013

Austrian FMA Sharpens Lending Rules for Foreign Currency Loans

The Austrian Financial Market Authority changes the rules for banks which grant foreign currency loans.

January 2, 2013

Poland Promotes Privatizations

This year, Poland´s revenues from privatizations total more than € 2.3bn.

December 30, 2012

Outlook: Europe Remains Under Threat

The European debt crisis will remain a major issue, Austrian Erste Group says.

December 28, 2012

Bulgaria: Lending Grows Substantially

In November 2012, the annual growth rate of broad money (monetary aggregate M3) was 10.1% compared to 8.6% in October 2012.

December 28, 2012

Bulgaria: Moderate Increase in External Debt

The gross external debt1 amounted to € 36,668.7m (92.8% of GDP2) at end-October 2012 increasing by EUR 823.2m (2.3%) from end-2011 (EUR 35,845.5m, 93.1% of GDP).

December 27, 2012

CESEE: Deposit Growth Slows Down

Given the sketched regional loan growth dynamics and their most important drivers it comes as no surprise that deposit growth rates in CEE also decelerated in recent months, Raiffeisen Research states.

December 21, 2012

CESEE Asset Quality: “Not out of the woods”

In terms of asset quality the banking sector trends in CEE remain a mixed bag, Raiffeisen Research says.

December 20, 2012

Raiffeisen: “No signs of a regional deleveraging trend in CEE”

Cross-border exposures of European BIS-reporting banks to CEE (and the subregions CE and SEE) showed a modest decline in Q2 2012. This performance was driven by a cut in more or less all relevant CEE countries.

December 20, 2012

CESEE Banking Sector: Improving Market sentiment, but Slower Growth

The average CEE loan growth slowed to16-17% yoy in Q3 from 19% in Q1/Q2, Raiffeisen Research says.

December 20, 2012

Erste Group: Massive Cuts in Romania

Due to the weak performance of BCR, the Austrian bank plans to lay off 1,600 employees in Romania. BCR´s NPL quota remains on a high level.

December 18, 2012

Bulgaria: Lending Growth Close to Freezing Point

The increase in deposits also decelerates. The annual rate of growth of money supply (measured by means of the M3 aggregate) slowed down in October to 8.6% (it was 8.8% in the previous two months), Raiffeisen Research says.

December 14, 2012

Interest Rates Reach New Record Low

Today, the Austrian National Bank (OeNB) has presented the development of interest rates in the third quarter. OeNB does not fear a credit crunch.

December 4, 2012

Rothensteiner: „No Credit Crunch“

Walter Rothensteiner, CEO of Austrian Raiffeisen Zentralbank, thinks that the capital shortfall of European banks does not limit credit supply.

December 3, 2012

Czech Republic: Deposits Grow Substantially

At the end of September, client deposits at Czech banks reached CZK 3,100bn. Compared to September 2011, this is an increase by 8.3%.

December 1, 2012

Hungary: Small Concession for Banking Industry

The banking sector in Hungary is under pressure. The government in Budapest decided to pay back debts of municipalities by the end of the year.

November 24, 2012

Slovenia to Sharpen Austerity Measures

The Slovenian Prime Minister Janez Jansa announced that the austerity policy will be implemented even more consequently.

November 20, 2012

Ukrainian Banking Sector Expands Slightly

Despite the economic slowdown in the Ukraine, lending is on the rise.

November 19, 2012

Treichl: Austria Should Cooperate with CEE Countries

Erste Group´s CEO Andreas Treichl thinks that CEE countries and Austria should create a model region in Europe like the Scandinavian countries did.

November 16, 2012

Romania Hopes for New IMF Loan

The economic situation remains gloomy. Foreign direct investments are weakening. The economic outlook is rather decent.

November 13, 2012

CESEE: Lending Shrinks

Foreign banks reduce lending in Central, Eastern and Southeastern Europe. Hungary and Southeastern Europe are most affected.

November 12, 2012

CEE Deleveraging Remains Moderate

Austrian, German and Italian banks kept lending to CEE6 (except Hungary) relatively stable. Shifts in foreign capital structure and allocation from private to public sector might pose risks to future growth.

November 8, 2012

Slovenia: Creation of Bad Bank Should Solve Credit Crunch

At the moment, the Slovenian banking sector does not fulfill its main task. The real industry suffers from a credit crunch.

November 6, 2012

Poland: Lending Criteria to Tighten

According to the Polish National Bank (NBP), banks will tighten lending conditions further. NBP wants to support economic growth, but has to prevent a credit bubble.

November 6, 2012

Romania: Joining Eurozone is „Not for Sure”

Romania´s Prime Minister Victor Ponta expressed his concerns about introducing the euro in Romania.

November 5, 2012

Hungary: New Threats for Banks

The Hungarian government plans to take over debts from small municipalities. Banks fear that the Hungarian state demands a debt relief.

November 5, 2012

Austria: Lending Continues to Contract

Austrian banks tend to remain rather cautious. The restrictions of company loans sharpen.

October 31, 2012

Czech Household Debt on the Rise

Against 2011, Czech household debt was up by 4.2%. At the end of September, the level of debt of Czech households to banks reached € 45.8bn.

October 31, 2012

Foreign Banks Withdraw Funds from Croatia

Due to the difficult economic situation in Croatia, foreign banks reduce their exposure in Croatia.

October 24, 2012

Czech Banking Sector to Sharpen Lending Conditions

For corporate and housing loans, lending conditions were tightened in the third quarter of 2012.

October 23, 2012

Bawag: Hungarian Exposure Shrinks

The Austrian bank gradually withdraws from Hungary. The stake in MKB Bank becomes smaller.

October 23, 2012

RBI: We Will Not Leave Hungary

Herbert Stepic, CEO of Austrian RBI (Raiffeisen Bank International) is highly dissatisfied with Hungary´s decision not to reduce bank taxes. However, RBI will stay, he says.

October 18, 2012 · Updated: October 18, 2012; 17:08

Austria Underlines Importance of Austerity Measures

“EU pact for growth and employment to fight high unemployment rates”: State Secretary Reinhold Lopatka at the General Affairs Council in Luxemburg.

October 17, 2012

RBI Cuts Slovenian Subsidiary Radically

The Austrian Raiffeisen Bank International plans to lay off the half of its workforce in Slovania.

October 16, 2012