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

Slow Growth in CEE Expected

According to Raiffeisen Research, real GDP in CEE to grow by 2.0 per cent in 2012, while Austria set to post GDP decline of 0.5 per cent.

January 11, 2012

Fitch Calls for Higher Capitalization of VBAG, Raiffeisen, Erste

The Austrian banks’ viability ratings are under pressure due to low capitalization and the banks’ exposure to CEE.

December 21, 2011

Immofinanz Refinances Shopping Mall in Moscow

ZAO Raiffeisenbank provides a major loan for the Austrian real estate group in order to expand operations in Russia.

November 14, 2011

Good Outlook for Raiffeisen Investment

The Austrian merger advisor Raiffeisen Investment AG posts deal volume of € 3.5bn for the first three quarters 2011. Further projects are negotiated.

November 8, 2011

Andritz: Analysts Optimistic

The Austrian engineering and technology group Andritz is expected to report a significant rise in sales, earnings and profits.

November 5, 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

Ingrid Krenn-Ditz Becomes the New Head of RBI’s PR Department

According to Raiffeisen Bank International AG’s, in November 2011 Ingrid Krenn-Ditz will take over the management of the Public Relations department.

October 24, 2011

Schaller New CEO of RLB Upper Austria

Heinrich Schaller will succeed Ludwig Scharinger as CEO of the regional Raiffeisenlandesbank. Scharinger retires, but becomes consultant for RLB.

October 24, 2011

Raiffeisen as Success Guarantee for the Polish State Railways Bond

Polskie Koleje Panstwowe Spólka Akcyjna (“PKP”), the Polish State Railways, rated BBB by Fitch, successfully issued its debut international transaction in the form of a Eurobond amounting to EUR 180 million, reported the Raiffeisen Bank International.

October 21, 2011

Slovak Bank Tax Is Going to Hurt Austrian Banks

On Thursday the Slovak parliament has officially approved a bank levy. The tax is one of the measures taken by the government to strengthen the Slovak budget.

October 21, 2011

Raiffeisen's Comment on Current Developments of CEE Eurobonds

Eurobond markets felt the deteriorating market sentiment in recent weeks, reported Raiffeisen Research.

October 18, 2011

VIG Upgraded by Raiffeisen

Current talks of bank recapitalization can in the view of Raiffeisen Research be a positive trigger for the insurance sector.

October 17, 2011

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

Vienna Stock Exchange: Winners and Losers (2011-10-06)

Daily News-Flash from the Vienna Stock Exchange. Upgrades & Downgrades, Winners & Losers.

October 6, 2011

UniCredit and Raiffeisen to Expand in Russia

The Italian and the Austrian banking groups will take over customers of the French BNP Paribas, which leaves the Russian market.

October 4, 2011

Sergey Monin Appointed as CEO of Raiffeisenbank in Russia

He succeeds Pavel Gurin who passed away at the start of September. The appointment is subject to approval of the Russian Central Bank.

September 30, 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

Vienna Stock Exchange: Winners and Losers (2011-09-15)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

September 15, 2011

New Job for Former Finance Minister Pröll

Siemens Austria reduces the size of its Executive Board and appoints the former politician to its Supervisory Board.

September 9, 2011

Vienna Stock Exchange: Winners and Losers (2011-09-09)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

September 9, 2011

CEO of Raiffeisenbank Russia Dead

Pavel Gurin, CEO of Raiffeisenbank in Russia, passed away, the Austrian Bank stated.

September 5, 2011

Raiffeisen Centrobank Reports Increase in Profit

Net interest income declined, while trading profit and net fee and commission income increased substantially. Turbulences on financial markets might burden the bank’s business development.

September 2, 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

RBI – Capital Increase May Be an Option

The Austrian bank posted strong results for the first six months of the year. Consolidated profit increased by almost one third year-on-year.

August 25, 2011

Stock Market Forecast: ATX at 2,350 Points at Year End

The expected year-end value of the Austrian index was revised downwards from 3,000 to 2,350 points. Analysts predict continued weak development well into 2012.

August 13, 2011

Martin Schwedler Appointed CEO of Raiffeisen Investment in Moscow

The previous board member of RIAG will focus on expanding the Austrian bank’s presence in Russia’s growing M&A and ECM business.

August 1, 2011

Strong Growth for Car Leasing Companies

Booming car sales are boosting the leasing business in Austria. All major leasing banks recorded growth in the first half of 2011. The trend is expected to continue.

July 25, 2011

RBI’s Direct Bank Zuno Starts Operations in the Czech Republic

Following the launch in Slovakia at the end of 2010, Raiffeisen’s direct bank now takes up business in a second country.

July 19, 2011

Stress Test: Erste Group and Raiffeisen Passed, Volksbank Failed

Volksbanken Group is the only Austrian bank that failed the stress test. Taking into account the measures that are currently being implemented, the core tier I ratio would be above the benchmark.

July 15, 2011

RBI Hit by Bankruptcy of Saudi Arabian Company

The Austrian bank has problems with its credit business in Saudi Arabia. “An amount in the low hundreds of millions” is at risk.

July 4, 2011

Successful Start for RBI’s Direct Bank Zuno in Slovakia

18,000 Slovak customers have deposited a total amount of € 125m in the first six months since the bank entered the market in December 2010.

June 30, 2011

RBI: Acquisition of Polbank Stake Advancing

The Austrian bank has received anti-trust approval of the deal. Closing and operational merger are expected in Q4/2011 or Q1/2012.

June 30, 2011

RLB OÖ to Sell Its Stake in Polytec

The Upper Austrian regional bank will sell its shares in the component supplier for approximately € 34m.

June 29, 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 Expanding Its M&A Business in Russia

The Austrian bank group is planning a joint venture between RBI and RIAG in order to put the investment banking in Moscow on a new footing.

June 16, 2011

RBI Could Raise More Than € 3bn

The Austrian bank prepares for issuing up to 97.75 million new shares. The company has not yet set a timetable for redemption of capital injected by the state.

June 8, 2011

Vienna Stock Exchange: Winners and Losers (2011-06-06)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

June 6, 2011

Austria’s Best Brands

Red Bull defended its leading position as Austria’s most valuable brand in 2010. It is followed by Swarovski and Raiffeisen.

June 6, 2011

Raiffeisen Not Interested in Hypo

The Austrian bank group is currently expanding in Poland but it is not going to bid for Hypo Alpe Adria as an acquisition “would not make sense”.

June 6, 2011

Standard & Poor's Confirm 'A' Rating for Uniqa Group

The Austrian insurance group’s rating was confirmed. Free float will be raised to 49% in the course of a capital increase.

June 3, 2011

UniCredit and Raiffeisen Seek to Broker Bulgaria's EVN Stake Sale

Bulgaria is going to sell its minority stake in an electricity distributor operated by the Austrian energy company.

June 3, 2011

Ex-Finance Minister Pröll Hired by Raiffeisen

The former Austrian Finance Minister was named CEO of Leipnik-Lundenburger Invest Beteiligungs AG as of July 1.

June 1, 2011

Sberbank Targeting RBI

The Russian bank intends to expand its business to Kazakhstan and the Baltic countries. Both companies denied speculations about a potential capital injection.

May 30, 2011

Vienna Stock Exchange: Winners and Losers (2011-05-27)

Daily News-Flash from the Vienna Stock Exchange: Upgrades & Downgrades, Winners & Losers.

May 27, 2011

Austrian Companies Hit by Belarusian Crisis

RBI and Telekom Austria are evaluating the effects on their local subsidiaries. Exports to the country could drop by 30%.

May 27, 2011
Fast News Search