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OeNB Austrian National Bank

Hypo Group Denies New Capital Shortfall

The nationalized Austrian lender Hypo Group Alpe Adria is said to require fresh founds in the amount of € 500m. The bank´s management claims the opposite.

January 25, 2014

Austria: OeNB Forecasts Modest Economic Growth

According to the Austrian National Bank (OeNB) economic growth in Austria only came at 0.3 percent last year.

January 24, 2014

Hypo Group: Decision Within First Quarter of 2014

The long-awaited meeting between the government and Hypo Group’s taskforce has been fixed to find a solution of the Austrian problem bank. The option of a bank participation is still on top of the list.

January 23, 2014

Austrian Bank Levy: “Penalty Gone Wild”

On the basis of a new method of calculation around € 90m more in bank levy should be generated compared to the previous year.

January 22, 2014

“No Real Wage Loss This Year“

In terms of real wages, Austria may face a trend reversal this year. In Southeastern Europe, by contrast, poverty is growing considerably.

January 21, 2014

Austria: Nowotny Calls for Fast Decision on Hypo Group

The Governor of the Austrian National Bank (OeNB) presses the government to act quickly and avoid further straining the budget and burdening the taxpayers.

January 21, 2014

Austria: Real Estate Prices Surging since Financial Crisis

Prices in the Austrian real estate market have been rising dramatically since the financial crisis broke out.

January 20, 2014

Austrian Banks to Resist Further Burdens?

Podium discussion at Viennese law firm Binder Grösswang.

January 20, 2014

Mitterlehner: „Hypo Group Must Not Burden State Budget“

Austria´s Minister of Economics underlined that the Austrian government is looking for an effective and cost-saving solution for the nationalized Lender Hypo Group Alpe Adria.

January 20, 2014

Austria Inflation Rate Dropped in 2013

Last year the overall annual inflation rate dropped to 2.0 percent after 2.4 percent in the previous year.

January 16, 2014

Hypo Group: No Alternative to Bad Bank

The time pressure on the Austrian government is growing day by day. The nationalized Austrian problem bank urgently needs a bad bank.

January 14, 2014

Nowotny Sees Growth Potential in Eurozone and CEE

According to Ewald Nowotny, governor of the Austrian National Bank (OeNB), the outlooks for economic upturn in the Eurozone and Central/Eastern Europe have improved significantly compared to only a year ago.

January 14, 2014

Austria: Expert Paper for Hypo Group’s Bad Bank

An expert paper about possible downsizing options for state-controlled problem bank Hypo Group Alpe Adria is expected to be handed in to the government until the middle of the week.

January 13, 2014

Austria: Distribution of Wealth Extremely Unequal

The top one percent of Austrian households possesses more than 50 percent of all investment income.

January 13, 2014

Hypo Group: Fatal Errors of Austrian National Bank

Before Hypo Group Alpe Adria was nationalized in late 2009, the Austrian National Bank (OeNB) has misjudged the situation of the problem bank completely. The Austrian government demonstrates its incompetence once again.

December 30, 2013

Hypo Group: Austrian Government Seems Aimless

Although the restructuring of the nationalized Austrian lender is one of the most pressing issues, the Austrian government could not present a sound concept yet.

December 27, 2013

Austria: Slight Lending Growth

The Austrian National Bank (OeNB) rejects reports on credit shortages. In contrast to the Eurozone, Austria´s banking industry expands lending.

December 20, 2013

Austria: Options of Bad Bank for Hypo under Examination

Finance Minister Spindelegger intends to meet with experts to discuss options of a bad bank for Hypo Group Alpe Adria.

December 20, 2013

Hypo Group´s Bankruptcy: Major Threat for Raiffeisen Sector

In case of Hypo Group Alpe Adria´s bankruptcy, the Austrian banking sector would have to absorb enormous write-offs. Above all, mortgage institutions in the Raiffeisen sector would be endangered.

December 19, 2013

Hypo Group Insolvency: Total Damage of € 26bn

Ewald Nowotny, governor of the Austrian National Bank (OeNB), warns of follow-up costs in case of a bankruptcy of the Austrian nationalized lender.

December 17, 2013

Austrian Banks: “Less than No Interest” in Bad Bank Participation

According to Felderer, Austrian major banks have “less than no interest” in a participation of a Hypo Group’s bad bank.

December 17, 2013

Austria: Fate of Hypo Group Still Unclear

Only next year the fate of ailing bank Hypo Group Alpe Adria will be determined.

December 16, 2013

Capital Injection for Hypo Group Approved

In the general assembley of Hypo Group the path was cleared for a further capital injection in the amount of € 800m.

December 13, 2013

Austria: Hypo Group Insolvency Best Solution for Taxpayers

According to consulting agency Oliver Wyman, an insolvency of ailing bank Hypo Group would be the most favorable option for taxpayers as instead of domestic banks foreign banking institutes will be burdened.

December 12, 2013

Austrian Banking Industry Depends on Russia and Czech Republic

For the Austrian banking sector, the CESEE region is highly heterogeneous. In the first six months of 2013, net earnings totaled € 1.4bn in the region.

December 12, 2013

Austria: Nowotny Reiterates Statement

Ewald Nowotny, governor of the Austrian National Bank (OeNB), reiterated his view on Hypo Group.

December 11, 2013

OeNB Calls on Austrian Banks to Strengthen Their Capital Base Further

Presentation of the Financial Stability Report 26 of the Oesterreichische Nationalbank (OeNB).

December 11, 2013

Hypo Group Alpe Adria to Receive Next Capital Injection

On Friday the ailing bank is expected to receive fresh money again in association with the extraordinary general meeting.

December 11, 2013

Former Kazakh Embassador Facing Trial in Austria

Rachat Alijew is facing prosecution in Austria because of alleged money laundering. Moreover, a former Austrian Chancellor is suspected of spying.

December 10, 2013

EU Demands € 55bn for Banking Union

The Finance Ministers of the European Union are still negotiating about a mechanism aimed at preventing states from having to take over financial difficulties from banks, the banking union.

December 9, 2013

Austria: Nowotny Warns of Choking off Economic Growth

The Austrian National Bank (OeNB) has slightly decreased this year’s economic growth from 0.5 percent to 0.4 percent. However, the recession of the past two years is over, the bank claims.

December 6, 2013

Austria: Insolvency of Hypo Group Still an Option

Both the center of government and the Austrian National Bank (OeNB) reject Hypo Group’s bankruptcy. However, insolvency options are currently being assessed by the Finance Ministry and the Federal Law Office.

December 4, 2013

Austria: Government Rules Out Hypo Group’s Insolvency

Chancellor Faymann referred to incalculable economic and political consequential effects due to the liabilities assumed by Hypo Group Alpe Adria.

December 3, 2013

„We Can Exclude a Bankruptcy of Hypo Group”

Ewald Nowotny, governor of the Austrian National Bank (OeNB) and Klaus Liebscher, head of Hypo Group´s supervisory board argue that the nationalized bank will be downsized according to plan.

November 29, 2013

Nowotny: Must Avoid Bubble in CESEE

In order to avoid another asset bubble like in 2008, loan growth has to be monitored, governor of Austrian National Bank Ewald Nowotny says.

November 19, 2013

„Not Enough Bank Insolvencies“

Andrea Enria, head of the European Banking Authority (EBA), claims that the banking landscape did not change sufficiently.

November 18, 2013

RBI Approves Participation in Bad Bank for Hypo

CEO of RBI Sevelda expects Austrian government to set a time limit for bank levies until the end of 2016.

November 18, 2013

Nowotny: Economic Recovery not as Strong as Expected

According to Ewald Nowotny, governor of the Austrian National Bank (OeNB), indicators point toward a slow recovery in the next quarters.

November 18, 2013

Hypo Bad Bank Not to be Established Before 2014

Insiders do not expect the downsizing unit for state-owned Hypo Group Alpe Adria to be established before 2014.

November 15, 2013

Nowotny Against ECB’s Key Rate Cut

The governor of the Austrian National Bank has, according to reports, voted against the ECB’s most recent interventions.

November 11, 2013

Leitl Rejects Further Bank Taxes

Christoph Leitl, president of the Austrian Chamber of Commerce (WKO), rejects the Finance Ministry’s plan to impose further taxes on Austrian banks in order to decrease public debts.

November 6, 2013

Austria: Compulsory Levy on Assets Simply “Out of Question“

Top bankers and economists in Austria consider the compulsory levy of ten percent on household assets “out of question” and “ludicrous”.

November 5, 2013

Hypo Group: Restraining Effect on Budget Consolidation

According to the EU’s autumn prognosis, nationalized Hypo Group and its liabilities running in the billions still have a restraining effect on the Austrian budget consolidation.

November 5, 2013

Number of Banks Shrinks Substantially

Since 2008, about 10% of the banks had to be closed in the Eurozone. In the last five years, 16,200 bank shops were shut down. In Austria, the situation is almost the same.

November 5, 2013

Austria: Liquidation No Option for Hypo Group

Nationalized-by force Hypo Group Alpe Adria, which is struggling under liabilities running in the billions, will not be closed. OeNB rejects rumors about establishing a bad bank

November 4, 2013

Austria: Saving Quota Down

At the moment, the savings ratio only comes at 5.2%. An increasing number of Austrians suffer from a declining real income.

October 31, 2013

Cernko: Bank Shops in Austria Have to Be Reduced

In spite of the banks’ progresses Austria still has a high densitiy in bank branches.

October 30, 2013

Austria: Saving Grows Decently

At the end of June, total savings reached € 490bn. In real terms, total savings shrink. Lending remains stable.

October 22, 2013

Nowotny Demands Same Rules for All Banks

Govenor Nowotny urges for a discussion about the capital requirements (Basel III) for banks, which applies only for the major banking institutes in the US but for all banks in Europe.

October 18, 2013

Hypo Group: Sale of Assets in SEE to Take Forms

The nationalized Austrian bank Hypo Group sells its assets in Southeastern Europe. The SEE-holding company will be established until the beginning of October.

September 29, 2013