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OeNB Austrian National Bank
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
Austrian Banks in CESEE „Too Ambitious“
For the IMF, Austria´s economy is „well situated“. The austerity package is „adequate“.
July 2, 2012
„The end of the Euro would mean Europe´s Explosion“
Ewald Nowotny, governor of the Austrian Central Bank (OeNB) reaffirms that Europe needs the Euro.
June 25, 2012
NPL of € 100bn in CEE?
The chairman oft he Viennese Chamber of Labor Werner Muhm asserts that Austrian banks hold non-perfoming loans in CEE ountries. Austrian banks rejected Muhm´s statement.
June 23, 2012
Nowotny: „Bank Aids Rescue Economy“
The governor of the Austrian Central Bank OeNB underlines the necessity of the bail-out of Spanish banks.
June 23, 2012
Controversy About Nowotny
Ewald Nowotny, the governor Austrian Central Bank (OeNB) argued that the austerity policy in the 1930s caused the rise of the Nazi regime. A wave of indignation emerged.
June 21, 2012
Austrian Banks Report Small Growth in Lending
Regarding company loans, Austrian banks record a stable recovery, the Austrian Central Bank (OeNB) reports.
June 20, 2012
Austrian Central Bank Expects Economic Stabilization
Austria´s budget deficit is expected to decrease, the economic growth should increase slightly.
June 11, 2012
Nowotny Pushes Spain to Call for Help
The governor of Austria´s Central Bank Ewald Nowotny appeals on the Spanish government to call for help and fears that the situation could become even worse for Spain otherwise.
June 9, 2012
Slow Growth in First Quarter
In the first three months of 2012, the Austrian economy grew by 0.3% against the prior quarter. The outlook is very cautious.
June 9, 2012
Optimistic Economic Forecasts for Austria
According tot he Austrian Central Bank (OeNB), Austria´s economic growth will be substantially above the European average.
June 8, 2012
„There´s no Crisis in Eastern Europe“
Austrian economists and bankers do not comprehend the downgrade by Moody´s. The risk in Eastern Europe would be more differentiated, OeNB´s governor Nowotny said.
June 8, 2012
„Bank Union is Still Far Away“
Ewald Nowotny, Governor of Austria´s Central Bank, thinks that a bank union in the Eurozone would still take some time. Erste Group´s CEO Andreas Treichl approves the idea.
June 6, 2012
Government Battles for OeNB´s Reorder
The reorder of the supervisory board and the management board at the Austrian Central Bank( OeNB) was brought forward. Now, a dispute between the coalition parties arose.
June 2, 2012
OeNB Reacts to EU-Commission´s Critique
The EU Commission warned Austria of the big lending exposure in Eastern Europe. According to the Austrian Central Bank, the CESEE region must be seen differantiated.
May 31, 2012
Nowotny: „Keeping Greece in Eurozone Has Highest Priority“
The Governor of the Austrian Central Bank (OeNB), Ewald Nowotny thinks that ECB does not plan a new bond purchase program.
May 29, 2012
Greece and Eurobonds Divide Austria
The Greek exit and the introduction of Eurobonds are discussed heatedly. In Austria, there is no clear tendency.
May 25, 2012
Austrian Economy: OeNB Demonstrates Optimism
The Austrian Central Bank is satisfied with the performance of the domestic economy underlines the necessity of austerity measures.
May 24, 2012
OeNB’s Operating Profit Decreased
Profit of the Austrian Central Bank came to € 249m in 2011. Risk Provisions Increased by € 400m.
May 24, 2012
Nowotny: „Austria is Safe“
The governor of Austria´s Central Bank (OeNB) Ewald Nowotny asserts that the economic stability in Austria is substantially better than in other regions of the Eurozone.
May 23, 2012
Service Exports Key Success Factor for Austrian Foreign Trade
Regardless of global economic turbulence, Austria enjoyed considerable success in the international trade of goods and services in 2011.
May 22, 2012
Stable Development of Austrian Economy
The Austrian Institute of Economic Research (WIFO) forecasts a decent, but stable economic growth in 2012.
May 10, 2012
Raiffeisen Against Bank Insolvency Act
The Austrian government announced to introduce a bank insolvency act in summer. Raiffeisen wants a European solution.
May 9, 2012
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