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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
Anadi Bank: Former Deutsche Bank Board Member Becomes New Board Member for FinTech
Alp Dalkilic, a former board member at Deutsche Bank, has been appointed to the Management Board at Anadi Bank. Dalkilic is primarily responsible for the bank's FinTech strategy. Read more about Dalkilic and Anadi Bank.
November 5, 2021
Austrian EU Commissioner Hahn Presents Funding for NextGenerationEU
The Austrian EU Commissioner for Budget and Administration Johannes Hahn has presented the "engine" of the NextGenerationEU economic recovery plan. NextGenerationEU will offer grants and loans to the member states with a total volume of EUR 800 billion by 2026. Austria will receive around EUR 3.5 billion.
April 21, 2021
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
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