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EU Wants Austria to Reduce Bureaucracy

The Commission of the EU has presented its concept for the re-industrialization of Europe. Austria is well-positioned, but there is some potential for improvement.

October 13, 2012

Czech Banking Association Pessimistic

CBA has lowred its forecast on the Czech economy. The decreasing household consumption would be the main reason.

October 12, 2012

Stepic: “Must Reduce Lending in CESEE”

The CEO of Austrian RBI (Raiffeisen Bank International) Herbert Stepic explains that new lending in Eastern Europe must be reduced substantially.

October 11, 2012

S&P: Eastern Subsidiaries of Austrian Banks Most Become More Independent

The U.S. rating agency criticizes that Austrian banks are still weakly capitalized. The economic crisis caused a massive withdrawal of funds in Eastern Europe, S&P says.

October 11, 2012

Alpine Needs Help from Banks

The Austrian construction company faces liquidity constraints. Talks with banks were started already.

October 11, 2012

Poland´s Komorowski: “Strong Swiss Franc Causes Problems”

On the occasion of a visit in Switzerland, the Polish President Bronislav Komorowski explained that the strong Swiss franc is a problem for both countries.

October 5, 2012

Fekter Appeals on Banks to Prevent Credit Crunch

Banks should be more creative in financing the real economy instead of creating new financial products, she says.

October 5, 2012

EU as „Serbia´s Most Important Market“

The U.S. economist Paul Krugman thinks that Serbia´s future is the European Union. The EU is worried about the turn towards Russia.

October 4, 2012

RZB Group Exceeds EBA Capital requirements

EBA Core Tier 1 capital ratio of 10.0 per cent (excluding retained earnings) as of 30 June 2012. The Bank is thus one percentage point above the requirement

October 3, 2012

Austrian Banks Meet Substantially Increased Capital Requirements

EBA exercise to strengthen capital positions of large European banks concluded: Erste Group Bank AG and Raiffeisen Zentralbank AG meet the increased Capital Requirements, Austrian National Bank announces.

October 3, 2012

RBI: Poland Shows Stability

In Poland, Raiffeisen Bank International´s NPL ratio comes at 8%. By contrast, Ukraine and Poland are much more problematic.

October 1, 2012

Serbia to Grow in 2013

The Serbian economist Jurij Bajec explained that the Serbian economy will recover next year. Real GDP growth will reach 2.0%, he says.

October 1, 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

Serbia: Bad Loans Declining Slightly

At the end of June, the share of non-performing loans came at 19.5%.

September 29, 2012

Austrian Companies Expect Increase in Lending Costs

Due to Basel III, lending will become more expensive, many Austrian managers and entrepreneurs think.

September 27, 2012

Slovenia “No Bail-Out Candidate”

Slovenia ´s former Prime Minister Anton Rop is optimistic that the country will manage the crisis.

September 27, 2012

Hungary: Simor Criticizes Interest Cut

The governor of Hungary´s National Bank Andras Simor warns of an increase in inflation.

September 26, 2012

Slovenia Creates Bad Bank

The Slovenian government aims to lower risky assets of the financially stricken banking sector. A major capital increase may be necessary.

September 21, 2012

VBAG to Cut More than 1,000 Jobs

Today, the Austrian problem bank announced to sharpen its austerity program radically. Until 2017, VBAG must be downsized to the half of its current size.

September 21, 2012

IMF-Loan: Orban Demonstrates Optimism

According to Hungary´s Prime Minister Viktor Orban, the negotiations with IMF are proceeding on schedule.

September 18, 2012

Austrian Economy at a Standstill – "But probably not for long"

Bank Austria's Business Indicator sinks to -0.7 points in August, the third decline in a row. 2012 as a whole expected to be up to 1 percent, in spite of stalled economic activity in the second half of the year.

September 17, 2012

Austrian Companies Expect Stricter Lending Conditions

Credit costs will increase in the coming years, a significant majority of Austrian managers says. As a result, the equity quota of Austrian small and medium-sized enterprises (SME) is growing.

September 17, 2012

Hungarian Central Bank Against Bank Taxes

According to the governor of Hungary´s Central Bank, the bank taxes are causing the lending freeze.

September 14, 2012

„Banking Union Must Not Become Burden for Real Economy“

The Federation of Austrian Industries (IV) underlines that the banking union must be competition-neutral. Above all, the real economy must not face liquidity constraints, IV says.

September 13, 2012

Hungary: Difficult Negotiations with IMF

The relation between Hungary´s Prime Minister and IMF is chronically tensioned. Another delay of the conclusions of the negotiations is likely.

September 12, 2012

Serbia Lifts VAT Rate

In order to prevent the national bankruptcy, the Serbian government raises the VAT by two percentage points.

September 11, 2012

Hungary: Orban Rejects IMF´s Conditions

This week, a list containing IMF´s conditions for a € 15bn loan became public. However, it is not known whether the list is a counterfeit. Not at this price and not in this way.” Hungary´s Prime Minister Viktor Orban said.

September 8, 2012

Investigation of Non-Performing Loans

The Slovenian public prosecutor´s office investigates the level of non-performing loans at the two biggest banks NLB and NKBM.

September 8, 2012

S&P Criticizes Weak Capital Base of Austrian Banks

According to the U.S. rating agency, Austrian big banks should increase their equity base in order to compensate further risks.

September 7, 2012

IMF: List of Demands against Hungary Became Public

The list contains demands of the IMF against Hungary and is the precondition for the safety loan of € 20bn. However, the list could be a counterfeit.

September 7, 2012

S&P: Foreign Currency Loans Endanger Austrian Banks

According to the U.S. rating agency, the high volume of foreign currency loans is a big danger for Austria´s banks. Nevertheless, the Austrian banking sector achieved the second best rating.

September 6, 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

Slovenia: „Irish or Greek Way“

The Slovenian economist Egon Zakrajsek explains that Slovenia´s illiquidity only a question of time. The problem banks should be sold, he recommends.

September 5, 2012

Bank Union: Austrian Banking Industry Cautious

European Forum Alpbach: In mid-September, the EU Commission will present its plans regarding the bank union. The bank union should not be implemented too fast, the Austrian Financial Market Authority says.

September 1, 2012

Outstanding Foreign Currency Loan Volumes Continue to Fall

The Austrian Financial Market Authority (FMA) publishes its quarterly survey on changes in foreign currency loans.

September 1, 2012

Fekter: „Spain is No Bail-Out Candidate“

Austria´s Finance Minister Fekter says that only Spain´s banks may need help from the EU.

August 31, 2012

Croatian Crisis Aggravates

For Croatia, the end of the severe recession is not foreseeable. Croatia´s real economy is hit hard, the financial sector suffers from bad loans.

August 31, 2012

Slovenia in a Vicious Circle

Slovenia´s Prime Minister Janez Jansa warns that his country may has to announce its national bankruptcy in October.

August 31, 2012

Nowotny: Austrian Banking Sector “More Boring, but More Stable”

European Forum Alpbach: Ewald Nowotny, governor of the Austrian Central Bank (OeNB) thinks that banks will fight for deposits in future. In the last years, ECB had to prevent a collapse of the financial system several times.

August 31, 2012

Hungary: Debt Crisis in Private Sector Unsolved

Despite the conversion of foreign currency loans, the number of non-performing loans is growing rapidly. According to analysts, the outlook is bad.

August 29, 2012

Crisis in Eurozone: Stepic Is Optimistic

In an interview with the Austrian newspaper “Presse”, RBI´s CEO Herbert Stepic expects that the crisis will be managed until 2015.

August 25, 2012

Bulgaria: Bad Loans Declining

Contrary to the trend in Southeastern Europe, the Bulgarian banking sector records a substantial relief.

August 25, 2012

Austrian Business Lending On the Rise

In the second quarter of 2012, business loans were up by 2.8%. By contrast, lending in the Eurozone decreased by 0.6%.

August 24, 2012

Orban Underlines Success of Hungarian Crisis Management

Hungary´s Prime Minister Viktor Orban wants to lower the public debt quota further. Hungary´s recession would be due to the weak Eurozone, he says. Orban forgot to mention some details, however.

August 24, 2012

NKBM Suspected of Money Laudnering

The second-largest Slovenian bank does not only face financial problems. NKBM´s management is alleged to have practiced money laundering activities.

August 23, 2012

Croatia: Non-Performing Loans on the Rise

Almost one out of seven loans is classified as “non-performing.” A further aggravation is rather likely.

August 22, 2012

Ukraine's Banking System Demonstrates a “Sustainable Development”

Deputy Head of the National Bank of Ukraine Igor Sorkin commented on the situation in the Ukraine’s banking system for the first half-year 2012. Lending is on the rise.

August 21, 2012

Hungary´s Public Debt Decreasing

Due to the weak euro, Hungary´s public debt quota decreased by 1.3% percentage points within only one quarter.

August 20, 2012

Hypo Group: Major Risk Factor for BayernLB

The former owner of Hypo Group Alpe Adria, which was nationalized in 2009, may write down up to € 3.1bn.

August 18, 2012

Foreign Currency Loans Decrasing

Foreign currency loans: One quarter of all Erste Bank customers have converted or switched loans with payment vehicles.

August 17, 2012
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