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RZB Raiffeisen Zentralbank

RBI: No Capital Increase

Christian Konrad, general attorney of the Raiffeisen sector, is against a capital increase at RBI (Raiffeisen Bank International). The 9.0% tier-1 quota will be reached without that measure, Konrad is convinced.

March 23, 2012

Austrian Supervisory Authority Published Guideline For Banks

The Austrian Financial Market Authority (FMA) has published a supervisory guideline to strengthen the sustainability of the business models of large internationally active Austrian banks.

March 14, 2012

RBI Optimizes Its Structure of Participations

EBA decides not to recognize privately placed participation capital. RZB Group will nevertheless meet the EBA target, the bank argues.

March 8, 2012

EBA Does Not Accept Participation Capital as Equity

Austrian banks face new difficulties. The European Banking Authorities does not approve participation capital by the Austrian state as Tier-1 Equity Capital.

March 8, 2012

Bank Taxes: Nowotny Supports Government

OeNB´s governor Ewald Nowotny defends the coalition plans to raise bank taxes by 25%.

March 7, 2012

Uniqa: Changes in Supervisory Board

RZB´s supervisory board chairman Christan Konrad will leave Uniqa. RZB´s CeO Walter Rothensteiner succeeds Konrad.

March 6, 2012

Banking Industry As „Cash Cow“?

For RZB´s CEO Rothensteiner, the increase in bank tax is “not fair”. The government plans to raise bank taxes by 25%.

February 29, 2012

New Criticism on Austerity Package

For the chief economist at RZB, Peter Brezinschek, the austerity package is not ambitious enough. The President of the Austrian Chamber of Commerce, Christoph Leitl, criticizes the introduction of new taxes.

February 28, 2012

Nationalization of VBAG: Austrian State Holds 49%

After Kommunalkredit and Hypo Group, VBAG becomes the third Austrian bank which is publicly owned.

February 28, 2012

VBAG´s CEO: „Bank Aid Only Last Exit“

Gerald Wenzel, chairman of VBAG´s executive board, continues the downsizing strategy. A new bank aid would be the “ultima ratio”.

February 17, 2012

Doubt and Criticism on Austerity Package

For the director of IHS, the austerity measures do not contain real reforms. The implementation could become difficult. Administration reforms and health system reforms are too low, observers say.

February 13, 2012

S&P Keeps Rating for Erste Group and RZB

After the downgrade of Austrian sovereign bonds two weeks ago, the U.S. rating agency remains its ratings for the two largest domestic banks.

January 25, 2012

VBAG No Systemic Bank Anymore

After the sale of VBAG´s subsidiary VBI to Russian Sberbank, the bank will not be systemic anymore, the Austrian Financial Market Authority announced.

January 21, 2012

RZB Issued Participation Capital

The Austrian banking group optimizes its structure by acquiring shareholdings in the Czech Republic and Slovakia.

December 30, 2011

Styrian Mining Company Causes Problems for Austrian Banks

The Austrian mining company Decometal has debts reaching € 250m. Now, the company will be restructured. Loans must be extended.

December 28, 2011

Raiffeisen to Strengthen Equity Base

RZB shareholders' general meeting resolves the issuance of participation capital worth € 600m.

December 28, 2011

Rumors Say Raiffeisen Looking for New Investors

According to newspaper reports, the Austrian Raiffeisen Zentralbank (RZB) has talks with banks in Sweden and Norway. RZB denies such information.

December 19, 2011

Nowotny Attacks EBA

The Governor of the Austrian Central Bank (OeNB), Ewald Nowotny, criticizes the high speed which EBA requires from banks to build up equity capital.

December 9, 2011

Raiffeisen’s Capital Shortfall Grows to € 2.5bn

The Austrian bank said it would not require state support to ensure compliance with the new requirements set by the European Banking Authority.

November 18, 2011

Capital Needs of Austrian Banks Total € 4bn

The increase is mainly a result of Erste Group’s third quarter loss, according to OeNB’s Executive Director Andreas Ittner.

November 3, 2011

No Nationalization of Austrian Banks

The head of the Austrian bank holding company Fimbag, Klaus Liebscher, believes that Austrian major banks do not need further capital provided by the state.

November 2, 2011

Raiffeisen: „Do Not Need State Capital“

Walter Rothensteiner, CEO of the Austrian RZB, intends not to sell shares in order to raise the equity base.

November 1, 2011

Reactions of Austrian Banks to Capital Buffer Requirements

Raiffeisen Zentralbank (RZB) needs € 1.9bn, Volksbank Group (VBAG) € 972m and Erste Group € 59m in order to comply with the EBA’s new requirements.

October 27, 2011

Victory AG Sold to China

The Austrian investor Ronny Pecik, who recently acquired a minor stake in Telekom Austria, sold his investment company to China. Raiffeisen and Hypo Group still have uncovered loans.

October 22, 2011

RBI Defies Hungary’s Banking Tax

The Austrian bank is not planning to pull out of Hungary. Losses from the conversion of foreign currency loans cannot be estimated yet.

September 22, 2011

S&P: „Austrian Banks Undercapitalized“

The rating agency Standard & Poor´s (S&P) sees a substantial undercapitalization for Austrian banks. The recommended rist-adjusted capital quota is 8%, Austrian banks are below.

September 19, 2011

Bank Aid Package is a Loss for Austria

For the Austrian Republic, the recapitalization measures for Austrian business banks is a losing deal. Losses amount to € 237m.

September 7, 2011

RZB Reports Significant Increase in Profit

Profit before tax for the period up 60.5% to € 877m, with consolidated profit increasing 21.5% to € 488m. Net allocations to impairment loss provisioning were reduced by 32%.

August 30, 2011

New Structure and Management for Raiffeisen Leasing

The Austrian banking group is reorganizing its leasing business. Three new subsidiaries will deal with business in Austria, large customers and in-house projects.

August 26, 2011

VBAG: Reduced Consolidated Net Income in First Half of Year

The Austrian bank recorded net income of € 1m. The result was negatively impacted by write-downs of Greek bonds.

August 25, 2011

Volksbanken Group to Sell Stake in RZB

Österreichische Volksbanken-AG Group (VBAG) will sell its shares in Raiffeisen Zentralbank for almost € 500m. The redemption of state capital and the sale of VBI have been delayed.

June 28, 2011

Raiffeisen Zentralbank Posts 57% Increase in Profits

Profit before tax: € 1,292 million (+56.8 per cent) - Return on equity before tax 12.5 per cent (+3.7 PP).

April 15, 2011

Bank Assistance is Lucrative for the State

Contrary to fears, revenues of the bank rescue package more than double the refinancing costs.

January 26, 2011

Weak Capital Base of Austrian Banks

According to the rating agency Standard & Poor's (S&P), Austria's major banks are equipped with very weak equity by international standards.

January 20, 2011

Volksbanken to Sell Share in RZB

According to newspaper reports, the Austrian Volksbanken Group sells a 6% share on Raiffeisen Zentralbank.

January 17, 2011

Urgent Need for Capital at Austrian Banks

Walter Rothensteiner, Chairman of RZB as well as the Credit Division of the Economic Chamber, considers that domestic banks are under massive capital pressure.

December 21, 2010

U.S. Sees Money Laundering Activities at Austrian Banks

Wikileaks has published notes of the U.S. Embassy in Vienna. There were allegedly money exchanges between Austrian banks and criminals.

December 2, 2010

Erste Group is Holding Repayment of Public Funds

The participation capital granted by the State following the bank crisis will only be paid back by the Erste Group after specifications of Basel III are set.

November 30, 2010

Bank Boss Confirms: Bank Tax will be Passed on to Customers

Massive criticism of the federal government is also coming now from the boss of Raiffeisen Zentralbank (RZB). Bank customers will have to bear both the bank tax and the securities tax.

November 8, 2010

Strabag: Time is Running Out for Deripaska

The re-entry of Deripaska into the largest Austrian construction group is to be fixed still this weekend. His comeback has been expected for several weeks.

November 5, 2010

RZB Group Tatra banka among Lead Managers for Slovak Republic EUR 2 Billion Benchmark Bond

Tatra Banka (RZB Group), HSBC, SG CIB and UniCredit Bank Slovakia placed a Slovak Republic issue with a maturity of fifteen years.

October 11, 2010

Raiffeisen Bank International: Official Start of Business

The merger was concluded successfully and effectively with the company's entry into the commercial register. RZB remains unchanged as the central institution of the Raiffeisen Bank Group in Austria and corporate headquarters for the whole RZB Group.

October 11, 2010

Russian Fund Accuses RZB of Money Laundering

The Russian fund Hermitage Capital, which has been at loggerheads with the Russian authorities for years owing to a major tax fraud case, now accuses the Raiffeisen Zentralbank (RZB) for having aided and abetted the money laundering.

September 14, 2010

Stress tests - Erste Bank and RZB on the list

91 European banks will have to undergo stress tests of European regulators. Two Austrian institutions will be tested as well.

July 8, 2010

A-Tec Industries AG to float corporate bond

A-TEC Industries AG is currently in preparations to issue a corporate bond.

June 28, 2010
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