Page 1/1

Loans

EBRD Provides €20 Mio Loan to Slovakia for Sustainable Energy Projects

The EBRD is deepening its support for sustainable energy investments in the Slovak Republic with a €20m loan to Slovenska Sporitelna, a.s. (SLSP), one of the country’s leading banks. The funds will be on-lent to private companies for renewable energy projects and energy efficiency in industry and buildings.

June 16, 2014

Medvedev Vexed Over EU

In case the government will not come to conclusion how to generate the required money (€ 5.8bn), the ECB will cut off the money supply for Cyprus’ ramshackle banks.

March 25, 2013

Austria: Highest Rate of Foreign-Currency Debts

No other country in Europe exhibits such a high amount of private foreign currency credit users. In 2014, when the next wave of repayments is due many debtors might be in for a shock.

March 25, 2013

Cyprus: Bail-Out Package Accepted

Cyprus has been granted the € 10bn worth aid package by the EU. After ten hours of negotiations in Brussels the decision was made early this morning. Assets below € 100,000 will not be taxed.

March 25, 2013

VBAG to Sell Malta Affiliate

VBAG is going to sell its small Malta subsidiary in the course of the EU downsizing program which the banking institute has commited to.

March 23, 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

OeEB Grants Credit to Azerbaijani Bank

DemirBank receives $ 25m from the Austrian Development Bank, RBI and other lenders to support entrepreneurs in Azerbaijan.

October 12, 2011

RBI: Capital Injection for Hungarian Subsidiary Likely

The Austrian bank’s losses from the conversion of foreign currency loans will amount to approximately € 100m.

October 7, 2011

Hirsch Servo Implements Long-Term Financing Plan

The Austrian machine manufacturer and packaging supplier reached an extension of the terms for its long-term loans.

September 30, 2011

IMF: „NPL in Eastern Europe Decreasing“

After the announcement of the Hungarian government to convert foreign currency loans at the expense of banks, the IMF has good news for Austrian banks.

September 21, 2011

German and Austrian Economy Claim Improvements for Company Loans

Representatives of the German and Austrian Economy fear adverse impacts for company loans from the new Basel III rules.

September 20, 2011

Decline in Savings Deposits Continues

Business development of Austrian banks in the first half of 2011: Balance sheet total grows; volume of demand and fixed-term deposits increases.

September 14, 2011

Strong Growth in Lending to Private Households

Loan development in the second quarter: Total lending volume grows; opposing trends are registered for new loans to enterprises and private households.

September 1, 2011

Forecast on Savings and Loans Trends: Austrians Invest € 5,670 on Average

Savings passbooks remained the most popular form of saving in Austria. The average loan volume dropped from € 70,200 to € 62,000.

August 17, 2011

Trend towards More Bonds in Corporate Financing

Companies will increasingly rely on the capital market as bank loans are becoming more expensive due to Basel III and stricter liquidity requirements.

August 3, 2011

AutoBank with Improved Half-Year Results

The Austrian specialist bank increased new business volume by 4.2%. Stable growth was achieved in all areas.

August 1, 2011

SW Umwelttechnik Secured Mid-Term Financing

The Austrian technology company reached an agreement to delay bank loan repayments until 2012. € 60m were invested in plant modernizations between 2005 and 2008.

August 1, 2011

Banks Expect Tightening of Credit Guidelines in 2012

Austrian banks’ lending policies did not change in the second quarter of 2011. For two years already, no tightening of lending conditions has been observed.

July 28, 2011

Austrians Still Prefer Building Society Savings

Erste Group’s s Bausparkasse benefits from the continuing trend. The amount of new lending increased by almost 25% year-on-year.

July 27, 2011

Credit Costs to Rise in the Wake of Basel III

The new regulatory requirements are expected to increase the cost of credits and to reduce the Austrian banks’ profitability.

July 20, 2011

Slow Recovery in Banks’ Lending Activity

Corporate loans recovered faster than loans to private households. Interest rates have increased only slightly since April 2010.

July 11, 2011

Stagnating Level of New Bank Lending

Loan development in the first quarter: increase in long-term lending, but decline in total corporate lending volume.

June 10, 2011

aws: Investments in Austria Rise Again

"Companies are investing more heavily in expanding and adding production capacity", reports the management of aws (Austria Wirtschaftsservice).

February 16, 2011

Austrian National Bank: Credit Shortage Has Been Overcome

The analysis of the Oesterreichische Nationalbank (OeNB, Austrian National Bank) on loan growth shows slowly recovering credit dynamics in Austria.

December 8, 2010

Financing Requirements for Building Societies

According to Basel-III regulations Austrian building societies will require amounts in the hundreds of millions to equip themselves with sufficient equity.

December 8, 2010

Risk of Default of Federal Investments for 330 Million Euro

The State bought high-risk securities in 2007 and 2008. These show a high risk of default since the financial crisis. The State wants to get rid of these securities by next year.

October 29, 2010

Lending Policy of Banks is Stabilized

Results for Austria of the October 2010 credit business survey in the euro area

October 28, 2010

A-Tec Creditors: Minimum Rate Too Low

While an early agreement with the banks seems imminent, the legal minimum quota offered to the creditors of the insolvent A-Tec group is not enough. Staff’s resentment is also being felt.

October 22, 2010

OMV Deal: Many Questions Without Answer

Not only the extent of the takeover is unknown, but also how it will be financed.

October 22, 2010

Raiffeisen CEO Stepic: The Crisis in Eastern Europe is Not Over Yet

The RBI boss explains why recovery is taking longer, why his institute does not want to pay back the state capital yet, and why he considers that Raiffeisen is being treated unfairly.

October 22, 2010

Lending decreased in April

More long-term loans to enterprises, decline in foreign currency loans in private sector.

July 5, 2010