Sponsored
Page 1/1

State Aid

Moody´s Downgrades Austrian VBAG

The U.S. rating agency underlines that the Austrian state will help the financially stricken bank further.

November 3, 2012

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

Nationalization of Banks Not Excluded Anymore

According to the Minister of Economics, Reinhold Mitterlehner, in the worst case scenario a partly nationalization of banks could take place.

October 31, 2011

Erste Group´s CEO Wants to Avoid Further State Aid

Andreas Treichl, CEO of the Austrian major bank Erste Group, wants to prevent a further influence of the Austrian state.

October 29, 2011

Erste Group: Delayed Redemption of State Capital

The Austrian bank will not repay the € 1.2bn of participation capital before the end of the month, probably due to the ongoing stress test.

June 24, 2011

Bawag: Successful Return to Profitability

The Austrian bank, which is held by the American Cerberus fund, achieved a profit of € 125m in 2010.

March 17, 2011

Austrian Clearingbank Concludes Activities

The activities of the Oesterreichische Clearingbank, founded in 2008 to handle liquidity shortages at commercial banks end presently.

March 5, 2011

Erste Group: State Aid to be Refunded

The CEO of Erste Group, Andreas Treichl, is considering paying back the state money for the amount of € 1.2bn.

February 26, 2011

aws: Investments in Austria Rise Again

"Companies are investing more heavily in expanding and adding production capacity", reports the management of aws (Austria Wirtschaftsservice).

February 16, 2011

Stepic: Austria is Destroying its Business Location

The CEO of Raiffeisen International Bank (RBI), Herbert Stepic, considers the domestic business location to be in grave danger.

February 12, 2011

Bank Tax is "untimely" for ÖVAG

The Austrian Volksbank Group's CEO, Gerald Wenzel, expects expenditure of € 40m due to the bank tax.

February 8, 2011

RBI Faces an Increase in Equity

The Austrian Raiffeisen Bank International will strengthen its equity, announces Attorney General Konrad.

February 8, 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

Volksbanken Profitable Again

The Austrian Volksbanken Group generated profits in 2010. The state’s money should be repaid this year.

January 7, 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
Fast News Search