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UniCredit

Bank Austria Issues € 500m Bond

Bank Austria, part of Italian major bank UniCredit and in charge of CESEE business, is raising money from the capital market.

October 22, 2013

Mitterlehner: “2014 Will Become Significantly Better“

Austrian Minister for Economy Reinhold Mitterlehner considers the Austrian economy to be in a spirit of optimism as an upturn in Europe has become evident. According to him, 2014 is supposed to become “significantly better” than 2013.

October 17, 2013

Eurozone: Banking Union Approved

From autumn 2014 on, the European Central Bank (ECB) will directly supervise 130 major banks within the Eurozone.

October 16, 2013

Russian and Ukrainian Oligarchs Interested in RBI’s Affiliate

The Ukrainian affiliate of Raiffeisen Bank International (RBI), Bank Aval, has become the object of desire for Russian billionaire Fridman and Ukrainian banker Lagun.

October 15, 2013

HVB: UniCredit Considers IPO

Bank Austria´s holding company UniCredit may sell a minority stake in Germany HVB.

October 14, 2013

Erste Observes SEE Region Intensively

Vienna-listed Erste Group, which is the third-biggest lender in the CESEE region, wants to expand into Southeastern Europe.

October 11, 2013

UniCredit Toying With Idea of Take-Over in Poland

Italian bank UniCredit considers to extend business at the growing Polish market by a take-over.

October 3, 2013

Moody’s Honors Austrian Banks in CESEE

Only a year ago, the rating agency downgraded Austria because of its banks’ engagement in Eastern Europe. However, the situation has changed to the better.

October 3, 2013

Austrian Industry Continues Upward Trend

Developments in Austria follow the European trend.

September 30, 2013

Raids at Ukrainian Affiliate of Bank Austria

Ukrsotsbank in Kiev was searched on Friday due to unclear ownership structures of non-performing loans which led to disputes between banks and clients. Within the Unicredit Group Bank Austria is responsible for banks in Eastern Europe.

September 25, 2013

Head of Slovenia’s Chief Bank Arrested

Janko Medja, manager of Slovenia’s most important bank NLB, was arrested because of suspicion of corruption.

September 20, 2013

Bank Austria to Close Subsidiaries in Hungary

Because of higher costs caused by a tax on financial transaction, which was introduced during the current year, the affiliate of Italian UniCredit intends to downsize operations in Hungary.

September 19, 2013

Bank Austria Considers Establishing Franchise Banks in Austria

The streamlining of the CESEE network of Bank Austria seems to take on a very concrete form now.

September 16, 2013

Hungarian National Bank to Use Foreign Currency Reserves

In order to support Hungarian homeowners, MNB (Hungarian National Bank) sells a part of its forex-reserves.

September 15, 2013

Slovenia to Expand Bank Stress Test

Instead of formarly three, ten banks are now supposed to be subjected to a stress test. Results are expected until the end of the year.

August 19, 2013

Austria: Banks Indignant At Chancellor Faymann

Chancellor Werner Faymann has started the election campaign with an attack against the banks. However, CEO of Bank Austria Willibald Cernko points out that the banking industry secures 70,000 jobs in Austria.

August 9, 2013

UniCredit: No Withdrawal from Hungary

CEO of UniCredit Federico Ghizzoni has rejected rumors about disengagement plans from Hungary.

August 7, 2013

Loan Loss Provisions Impede Higher Profits for Bank Austria

Results for the first half of 2013: Bank Austria posts net profit of EUR 566 million for the first half of 2013.

August 7, 2013

Credit Crunch in CESEE?

The capital outflow in the CESEE region accelerates. The European Bank for Reconstruction and Development (EBRD) fears negative consequences for the real economy.

August 7, 2013

UniCredit to Focus on Poland, Turkey and Russia

UniCredit´s CEO pursues a selective growth strategy. The Austrian subsidiary recorded losses in the retail segment.

August 6, 2013

Trend: Service Industry Drifts to CESEE

Lower costs in the service sector in CESEE countries, particularly Romania, are compensated by higher expenditures in securing quality standards.

July 30, 2013

Moody´s Cuts Bank Austria´s Rating

According to the U.S. rating agency, the creditworthiness of the biggest Austrian bank has worsened. The expansion program in Russia and Turkey is seen as significant risk factor.

July 16, 2013

RBI Plans on Reconstructing Branch Banks

The new concept of Karl Sevelda, successor of former CEO Herbert Stepic, is becoming clearer. He has inherited the task to reconstruct the capital of Basel-III.

July 15, 2013

Slovenia’s Banking Sector Threatened by Delay of Bad Bank-Transfers

After the EU Commission denied approval for the first transfers of bad loans to the bank asset management by June 28, the reorganization of the banking system in Slovenia has been postponed.

July 9, 2013

Bank Austria to Close 67 Subsidiaries

UniCredit Affiliate Bank Austria plans to close 67 subsidiaries – a quarter of its 270 stores for private costumers until 2015.

July 3, 2013

Slovakia and Unicredit in a Dispute

In Slovakia a dispute between Unicredit and the state has incensed. This could negatively affect the planned merger with a Czech affiliate in 2014.

June 17, 2013

Papa: CEESE To Keep Growth Advantage

Deputy CEO of Bank Austria Papa sees a long-term potential in CESEE countries. Bank Austria is expecting a growing credit business apart from the favorable economic outlook in the region.

June 6, 2013

Slovakia: R&D Spendings Low But Increasing

Compared with other countries, Slovakia’s R&D spendings are little but slowly and steadily they are increasing. Among the countries with the highest growth rates of R&D spendings, Slovakia ranks 5th.

April 22, 2013

Austria: Alpine’s Future Sealed

The restructuring contract has been signed by banks and insurance companies. Shareholders are not affected by a haircut.

March 26, 2013

Bank Austria To Boost Capital Base

CEO Cernko wants Eastern Europe to play an important role again in the future.

March 19, 2013

Bank Austria's Profits Under Pressure

In the fourth quarter, Bank Austria has recorded a net loss of € 676m. In the whole year, CEE division showed a profit before tax of € 1.712bn which is an increase of 6 % compared to 2011. One-off charges totalled € 879m.

March 18, 2013

Bank Austria Takes Drastic Measures

Because of selling the Kazakhstan division and bad credits, quarter losses of € 553m for parent company UniCredit have to be faced.

March 16, 2013

Bank Austria to Sell ATF

Bank Austria will sell its affiliation in Kazakhstan, ATF Bank, which was acquired in 2007. ATF made losses into the billions.

March 15, 2013

Vienna´s Position as CEE-Hub Is Endangered

The number of multinational companies which withdraw their sub-headquarters from Vienna is growing, experts say.

February 20, 2013

Bank Austria: New Supervisory Board Members

Today, the general meeting of UniCredit´s wholly-owned subsidiary Bank Austria had elected two new members to Bank Austria’s Supervisory Board.

February 14, 2013

CEE Banking Study 2013: “Banks Rebalance Their Business Models” (3)

Foreign players have an important role in the local markets and increased the share of CEE assets within their groups' total assets over the last years.

January 15, 2013

CEE Banking Study 2013: “Banks Rebalance Their Business Models” (2)

Total assets and lending have grown steadily since 2008, even though at a slower pace than before the crisis and with a stronger focus on domestic funding sources.

January 15, 2013

CEE Banking Study 2013: “Banks Rebalance Their Business Models” (1)

The CEE banking sector keeps showing good profitability with revenue margins narrowing but still above Western European levels.

January 15, 2013

Bulgaria: Private Households Not to Increase Consumption

According to UniCredit Bulbank, the consumer behavior will remain rather cautious this year.

January 5, 2013

Bank Austria: Subsidiaries in Czech Republic and Slovakia to Merge

Bank Austria´s holding company UniCredit starts a Business Refocusing Program in CEE.

November 13, 2012

Bulgarian Economy to Recover

In 2013, Bulgaria is expected to show substantially higher growth rates, UniCredit Bulbank says.

September 24, 2012

S&P Confirms Bank Austria´s Rating

Due to the downgrade of the holding company UniCredit, the U.S. rating agency retains the negative outlook for Bank Austria.

August 8, 2012

Bank Austria as UniCredit´s Cash Cow

Without Bank Austria, UniCredit would have been in the loss area. The CESEE region is still Bank Austria´s future market.

August 4, 2012

Bank Austria: Major Investment at Russian Subsidiary

UniCredit Group increases the equity base of the Russian subsidiary.

July 14, 2012

Reorganization at UniCredit

The Italian banking group plans to dezentralize its structure. Bank Austria as CESEE hub is affected.

July 5, 2012

Bank Austria Sells Headquarters

The highest-bidder procedure is to lead to a sale of the property by the end of 2012. Bank Austria will retain its property until the new headquarters has been completed.

June 15, 2012

Downgrade for Austrian Banks

The U.S. rating agency Moody´s downgrades Erste Group, Raiffeisen Bank International and Bank Austria.

June 6, 2012

B&C Industrieholding to Sell Major Stake in Porr

The Bank Austria-owned B&C Industrieholding is said to sell ist 37% stake in the Austrian construction group. CEO Karl-Heinz Strauss may be a potential buyer.

June 5, 2012

Corporate Lending in CEE Remains Stable

According to Bank Austria, financing to the corporate sector is holding up well, but a diverging performance among countries is likely to persist.

May 18, 2012

Vavti Appointed new CEO of UniCredit Bank Slovenia

With Stefan Vavti, the subsidiary of Bank Austria, UniCredit Bank Slovenia gets a new chief executive officer.

April 26, 2012
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