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OeNB Austrian National Bank

Czech Republic Still May Use Veto Against Banking Union

The Czech government wants to secure the rights of national regulation authorities.

December 5, 2012

„Banking System Becomes More Solid“

The chairman of OeNB (Austrian National Bank) Ewald Nowotny thinks that the banking supervision and the Basel III framework will stabilize the financial markets.

December 4, 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

Nowotny: „CESEE Needs New Growth Model“

Ewald Nowotny, governor of Austria´s National Bank (OeNB), thinks that the current growth model for the region is outdated.

November 26, 2012

Austrian Gold Stored in UK

80% of Austria´s gold reserves are stored in the U.K. Only 17% of the reserves are kept in Austria.

November 24, 2012

Conference on European Economic Integration

Bank of Finland and Oesterreichische Nationalbank to organise a Conference on European Economic Integration in Helsinki.

November 23, 2012

Nowotny: GDP Forecast Will not Hold

The governor of Austria´s National Bank Ewald Nowotny admits that the forecast on Austria will have to be revised.

November 21, 2012

Austrian National Bank: Basel III Will not Start in 2013

According to OeNB, the implementation cannot take place by the beginning of next year.

November 21, 2012

Nowotny: „Not Afraid of Inflation“

Ewald Nowotny, governor of Austria´s Central Bank (OeNB) thinks that the danger of a stagnating economy is bigger than the danger of an increasing inflation.

November 20, 2012

Hypo Group: Cash Contributions Come at € 500m

The Austrian state has to inject another € 500m in the financially stricken nationalized bank. Furthermore, guarantees will increase by € 1.0bn.

November 14, 2012

Nowotny: More Power for Big Countries

The governor of Austrian National Bank OeNB Ewald Nowotny proposes to amend the voting rights at ECB.

November 7, 2012

Austria: Lending Continues to Contract

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

October 31, 2012

Nowotny: Greek Haircut for ECB “No Issue”

The governor of Austria´s National Bank (OeNB) Ewald Nowotny thinks that ECB would not participate in a haircut.

October 29, 2012

Austrian Economy Stagnates

According to Austrian National Bank (OeNB), the economic growth rate will be slightly negative. A recession is not excluded.

October 12, 2012

Hypo Group: Difficult Negotiations with Austrian State

The nationalized banking group urgently needs a capital injection. This year, the capital shortfall will be reduced by € 1.5bn.

October 9, 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

Fekter Rejects Deposit Protection in EU

At the Alpbach Financial Symposium, Austria´s Minister of Finance Maria Fekter underlined to reject the European deposit protection.

October 4, 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

Austria Shows Growing Inequality in Wealth Distribution

According to a study of OeNB (Austrian National Bank), the 3,77 million Austrian households have assets of € 265,033 on average. Median assets reach € 76,445.

October 2, 2012

Fekter Promotes Financial Transaction Tax

The Austrian Minister of Finance wrote a letter to the EU Commission. She argues that a financial transaction tax would be economically reasonable.

October 1, 2012

Austrian Central Bank Looks for New Governor

Next year, the mandates of the board of directors are expiring. Ewald Nowotny is said to be re-elected in his current position.

September 27, 2012

Banking Supervision: Nowotny Warns of Over-Ambition

According to the governor of OeNB (Austrian Central Bank), it would be dangerous to establish new institutions without a democratic legitimization.

September 18, 2012

Implementation of Banking Union to be Postponed

Initially, the Commission of the EU intended to introduce the banking union in 2013. After the fierce resistance of some member states, the Commission gives up its plans for the time being.

September 17, 2012

Nowotny: „Fiscal Union Still Far Away“

Ewald Nowotny, governor of OeNB (Austrain Central Bank) does not believe in a quick implementation of the fiscal union.

September 17, 2012

Hypo Group Cuts Jobs in Italy

The Austrian bank continues its downsizing program. 118 out of 403 jobs will be reduced in Italy.

September 13, 2012

Nowotny: Not Overcharging ECB

Ewald Nowotny, governor of Austrian Central Bank (OeNB) argues that ECB should not control all banks.

September 13, 2012

Nowotny Hopes for ESM

The governor of OeNB (Austrian Central Bank) thinks that the bond purchases are not sufficient. Politics must help ECB, he argues.

September 10, 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

Austrian Chamber of Labor: Loss in Real Income at 1.5%

Between 2000 and 2010, the average inflation and tax-adjusted net income was down by 1.5% in Austria, AK (Austrian Chamber of Labor) says.

September 5, 2012

Austrian Audit Court to Check Gold Reserves

According to rumours, only a small part of Austria´s gold reserves are located in Austria. The biggest part should be in London and Basel, Switzerland.

September 1, 2012

Capital Shortfall at Hypo Group up to € 2.0bn

OeNB (Austrian Central Bank) will publish the capital shortfall at the end of September and emphasizes not to submit to the government´s pressure.

September 1, 2012

FPÖ Wants Nowotny to Resign

The biggest Austrian opposition party criticizes the governor of Austrian Central Bank (OeNB) sharply. FPÖ´s leader Strache blames Nowotny to violate the “no bailout” clause.

September 1, 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

Declining Real Income: UBS Defends Report

Paul Donovan, author of the controversial study, was criticized by Austria´s Central Bank and Bank Austria. Donovan underlines that his study is correct.

August 24, 2012

Real Income Development: Austrian Central Bank Opposes to UBS

According to OeNB (Austrian Central Bank), real income rose by 12.2% from 2000 to 2010. UBS recently published a study, which reported that the real income fell by 25%.

August 23, 2012

Solid Growth in 2012 Ahead

2011 was a record year for exports – and the first quarter of 2012 has seen the Austrian economy growing yet again. Thus, Austria is significantly below the performance of the Eurozone.

August 16, 2012

East European Banking Industry Shows Ambiguity

For West European banks, their subsidiaries in Eastern Europe are either highly problematic or the cash cows.

August 8, 2012

Investor Confidence in Austrian Issues Remains Very High

Austria’s government and corporate sectors are still able to borrow at historically low rates, the loss of the triple A sovereign rating notwithstanding.

August 3, 2012

Banking Industry: Slower Growth Expected

Due to the weak results in Eastern Europe, the Austrian banking industry faces only decent net income figures in the second quarter of 2012.

July 30, 2012

Slight Tightening of Austrian Lending Guidelines

The Austrian Central Bank (OeNB) reports that domestic banks have tightened lending guidelines for both company and household loans in the second quarter of 2012.

July 25, 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

Nowotny to be Re-Elected

The governor of OeNB (Austrian Central Bank) Ewald Nowotny is said to be re-elected in his current position.

July 18, 2012

Income Grows Slower Than GDP

For years, the increase in wages and salaries is lower than the rise in company profits.

July 14, 2012

IMF: New Central and Eastern European Constituency

Austria, Belarus, the Czech Republic, Hungary, Kosovo, the Slovak Republic, Slovenia and Turkey have established a Central and Eastern European Constituency at the International Monetary Fund.

July 11, 2012

Austrian Banks Fulfilled EBA Requirements

The European Banking Authority published today an overview report on the implementation of the capital exercise. The vast majority of the banks in the sample meet the required ratio of 9% Core Tier 1 (CT1).

July 11, 2012

Big Exposure in Foreign Currency Loans

In Austria, domestic banks have outstanding foreign currency loans of € 51bn. In CESEE countries, the exposure comes at € 130bn.

July 10, 2012

Performance of Austrian Banks Remarkably Down

Austria seems to be significantly „overbanked“: Austrian banks only achieve a 0.1% yield on the capital employed.

July 9, 2012

Nowotny on Greece: „We Do Not Have Unlimited Time“

Ewald Nowotny, the governor of OeNB (Austrian Central Bank) is concerned about the Greek austerity program.

July 9, 2012

OeNB Calls Austrian Banks to Improve Equity Base

Presentation of the 23rd Financial Stability Report of OeNB (Austrian Central Bank): Austrian Financial System Influenced by Tensions in the International Financial Markets.

July 9, 2012

„ECB as Only Supervisor Not Likely“

OeNB`s (Austrian Central Bank) Governor Ewald Nowotny does not think that ECB will act as only banking supervision authority.

July 2, 2012