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UniCredit

Strong Growth at UniCredit Leasing Austria

Volume of new business rises by 23.6 per cent to about € 943m. In 2011, UniCredit Leasing Austria expanded its market lead in Austria to a market share of 14.9 per cent

April 12, 2012

S&P: Austrian Banks Still Weakly Capitalized

The U.S. rating agency S&P regards Austrian banks to record high capital shortfalls.

April 11, 2012

Bank Austria Considers Leaving East European Markets

UniCredit´s subsidiary may leave Baltic countries as well as Kazakhstan. CEO Cernko is optimistic to achieve more than € 1.0bn in profits this year.

March 30, 2012

Croatian Banks: Rise in NPL Ends

Croatian banks do not expect any further hike in the level of bad loans, which surpassed 12 percent at the end of 2011, the national banking association HUB said.

March 19, 2012

No Credit Crunch in CEE

Western European banks maintain the liquidity of their subsidiaries in Central and Eastern Europe. The equity provision is better than expected.

March 14, 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

Ghizzoni: „Austrian Bank Tax Is Painful“

The Chief Executive Officer of UniCredit, the holding company of Bank Austria emphasizes not to sell the Austrian subsidiary. The bank tax is “unfair”.

March 10, 2012

„Bank Austria´s Brand Will Remain“

Last year, it was said that Bank Austria´s brand will be abandoned. According to Helmut Bernkopf, board member at UniCredit, Bank Austria´s private banking business will be strengthened.

February 18, 2012

Cernko: „Triple A Only in the Medium Term“

Bank Austria´s CEO Willibald Cernko does not think that Austria re-gains its “AAA” status within the next three years.

February 16, 2012

Bank Austria Writes Off Greek Bonds

The Austrian subsidiary of the Italian UniCredit Group has to write off Greek sovereign bonds by € 100m.

February 13, 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

Growth of CEE Banking Sector Above European Average

2012 should remain a challenging year for CEE banking, with regulatory changes and European debt crisis as main risk factors, but Western European banks´ deleveraging should be a manageable drag.

January 18, 2012

Austrian Banks Must Downsize in Hungary

Erste Group and Raiffeisen Bank International (RBI) must streamline their operations. Nevertheless, a further capital increase could become necessary.

January 12, 2012

Real Invest Austria Sees “Strong Growth”

Real Invest Austria, a subsidiary of Bank Austria, has over € 1.7bn under management. Outlook for 2012: Further expansion of real estate assets planned.

January 9, 2012

Bank Austria Expects Positive Results

In spite of high losses in the third quarter, the subsidiary of the Italian UniCredit forecasts slight, but positive results.

December 28, 2011

UniCredit Plans to Abolish “Bank Austria” Brand

The Italian group will rename several subsidiaries in order to standardize its brand presence.

December 22, 2011

Bank Austria Reviews Strategy for CEE

In its expansion strategy, the bank focuses on four countries. Plans for Hungary and Romania are stopped, up to 450 jobs will be cut.

December 17, 2011

Legal Success for Bank Austria

A Swiss court granted the bank’s appeal against an obligation to pay € 245m to a German public body.

December 2, 2011

Jobs to be Cut at Bank Austria

After the announcement of high write-offs yesterday, the Austrian subsidiary of UniCredit will reduce its staff from 10,800 to 10,000 by 2015.

November 15, 2011

High Losses for Bank Austria

Due to high write-offs in Ukraine and Kazakhstan, losses amount to € 600m in the third quarter. The first nine months bring profits of only € 4.5m.

November 14, 2011

UniCredit to Withdraw from CEE?

The holding company of Bank Austria, the Italian UniCredit, may close its operations in Eastern Europe. The consequences for Bank Austria are unknown.

November 14, 2011

No Surprises Expected for Telekom Austria

UniCredit forecasts EBITDA of € 398m for the third quarter of Telekom Austria to Activities in Belarus are still seen as potential risk factor.

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

Erich Hampel New Chairman of Bank Austria’s Supervisory Board

The Austrian succeeds Paolo Fiorentino who will remain on the board as deputy chairman.

November 3, 2011

Greek Haircut Would Cost Another € 350m

Austrian banks still have a substantial exposure in Greece. A haircut up to 60% seems possible. Then, another € 350m would have to be written off.

October 18, 2011

Bank Austria Rethinks Expansion in Hungary

The subsidiary of Italian UniCredit reviews its activities in the country. A withdrawal is not ruled out.

October 12, 2011

Bank Austria Optimizing its Activities in Russia

Sergey Sidorov to remain CEO until year end and to support the organizational and strategic Changes. Alexander Cheporov to become Head of Equity Brokerage Operations.

October 11, 2011

UniCredit is Optimistic For ATX

Despite several uncertainties, UniCredit sees the potential of a positive long-term development for the Austrian main index ATX. The new ATX target is 2700 points for the next 12 months.

October 11, 2011

UniCredit: Sale of Bank Austria?

According to market rumors, the Italian bank considers to sell its Austrian subsidiary in order to strengthen its own position. Bank Austria´s CEO Cernko denies fiercely.

October 8, 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

Significant Increase in Profit for Bank Austria

The Austrian subsidiary of UniCredit achieved a plus in net profit of 52% despite a negative one-off effect of € 100m from Greek government bonds.

August 4, 2011

Bank Austria Finances Portfolio of Apartment Houses in Vienna

The Austrian bank generates a stimulus for Vienna’s real estate market and finances 53 apartment houses with € 110m.

August 2, 2011

Immofinanz Completed Sale of Office Campus Gasometer

The Austrian real estate company and its partner sold an office property in Vienna for € 75m to Bank Austria Real Invest.

August 1, 2011

“Austria Was Boosted by EU Accession, Euro and Opening to Eastern Europe”

Bank Austria analyzed the development of Austria since the EU accession in 1995. It concluded that the economy has taken full advantage of the opportunities offered by the changes.

July 28, 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

UniCredit Sees ATX at 3,200 Points in 12 Months

The bank’s analysts expect the Austrian stock index to recover within the next 6 to 12 months. Close links with Germany and Eastern Europe are seen as an advantage.

July 22, 2011

Helmut Bernkopf New Head of UniCredit’s Private Banking Division

Bank Austria’s Head of Corporate and Investment Banking moves up the career ladder and becomes boss of the parent company’s Private banking division.

July 12, 2011

Austria’s Exposure in Italy: € 16.5bn

Domestic banks’ exposure in the neighboring country is much greater than in Greece, but smaller than in Eastern Europe.

July 11, 2011

conwert Interested in Billion-Euro Deal with LBBW

The Austrian real estate company is looking for partners to purchase the residential property portfolio of the German bank. Industry experts see a realistic chance for an acquisition.

June 20, 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

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

Fitch Upgrades Individual Ratings of Austrian Banks

The “A” rating of the big Austrian banks has been confirmed. The individual rating of Erste, RBI and Bank Austria was upgraded.

May 25, 2011

Bank Austria Invests in the Turnaround of its Kazakh Subsidiary

Bank Austria increases ATF’s capital in order to make it profitable. Loss in the year 2010 amounted to € 163m.

May 16, 2011

UniCredit Leasing Still Number 1 in Austria's Leasing Market

With an increase of 43 per cent in the new business volume to €763m and a market share of 13.3 per cent, UniCredit is the clear market leader in Austria in 2010 again

May 10, 2011

Stock Market Forecast: ATX Return 15%

Forecast of the UniCredit analysts: ATX should hit 3200 points over the next twelve months with a total potential return of 15 percent, dividends included.

May 3, 2011

Erste Group: Slight Increase in Profits Expected

UniCredit and RCB expect a slight rise in profits for Erste Group, despite bank taxes in Austria and Hungary.

April 27, 2011

Corporate Banking: Bank Austria still dominant

Corporate banking is an important pillar of business for Bank Austria, generating € 899 m or one fourth of the total operating result. The market share is 89%.

April 9, 2011

Austrian SME as New Target for Bank Austria

In total, € 13.2bn of new loans could be granted at Bank Austria in Austria in 2010 (corresponding to an increase of 19.3 percent as compared to 2009)

March 29, 2011

“GemeindeMilliarde” Initiative of Bank Austria Extended

In view of strong demand from municipalities Bank Austria expands GemeindeMilliarde initiative by a further € 500 m

March 26, 2011

Bank Austria: Operating Performance Improved, Net Profits Decline

The Austrian subsidiary of UniCredit announces net consolidated profits of € 747m (-32%). Profits before taxes are down by 14%.

March 24, 2011