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UniCredit

Expansion Course of Austrian Banks Slowed Down

After the financial crisis cooled down the expansion course of Austrian banks in CESEE countries was dampened down.

January 16, 2014

Bank Austria Declines Selling Plans in Ukraine

CEO of Bank Austria, Gianni Franco Papa, rejects rumors about Bank Austria intending to leave the Ukraine.

January 14, 2014

CESEE: Number of NPL Declining

According to a study by Bank Austria, the number of bad loans is declining in Central and Eastern Europe.

January 14, 2014

Bank Austria Generates Fresh Capital

On Monday, January 13, UniCredit Bank Austria issued its first mortgage bond for 2014 to strengthen its capital base.

January 14, 2014

Austria: Significant Increase in Bank Levy

In 2014, the bank levy is expected to increase substantially. Austrian banks regard the levy as massive competitive disadvantage.

January 10, 2014

RBI: No Withdrawal from Hungary

Due to massive losses, the second-largest lender in CESEE was said to leave the difficult Hungarian market. RBI denies such reports.

January 8, 2014

Meinl Bank: Plans of Growth in Czech Republic and UK

Meinl Bank has opened a new subsidiary in Prague. Growth plans for the core business in Central and Eastern Europe is well on its way, according to the bank’s officials.

January 7, 2014

Hungary: Erste Group Confident

The third-largest lender in CESEE underlined that the Hungarian subsidiary will not be sold. The Austrian bank is confident to reach the turnaround soon.

January 6, 2014

Slovenia: Banking Sector Still in Turmoil

Small banks in Slovenia are reasons for concern in regard to their capital shortfalls.

January 3, 2014

Erste Group and Bank Austria Face Lawsuits

Two Austrian lending banks are involved both as plaintiffs and as defendants in bankrupt construction company Alpine’s court trials.

January 2, 2014

Bank Austria Considers Establishing Sub-Brand

In the next years, the Austrian subsidiary of Italian UniCredit wants to put more effort into the development of the mobile and online banking segment.

December 31, 2013

UniCredit Sells Bad Assets to Cerberus

The majority shareholder of Austrian Bawag acquires a portfolio worth €950m.

December 27, 2013

Austria: Rules for Bank Tax to Be Changed

The governing parties call for changes in the bank tax which would increase the burden of some Austrian banks.

December 20, 2013

Austria: New CEO for Hypo Group Alpe Adria

The search for a new CEO for Hypo Group has ended. On Friday the bank has found a new head of the management board since the position was vacant after Gottwald Kranebitter’s resignation this summer.

December 20, 2013

Hungary: Good News for Banks in Forex Proceedings

Banks operating in Hungary can feel relieved by the Supreme Court’s judgement.

December 16, 2013

Slovenia: Haircut for Junior Bondholders

Subordinated bond holders of the state-owned Slovenian banks will lose their investments completely. This is part of the recapitalization scheme.

December 14, 2013

Positive Respond to Slovenian Bank Recapitalization Plans

The European Bank for Reconstruction and Development responds positively to the results of the asset quality review of Slovenian banks and the corresponding plans of the government.

December 13, 2013

Slovenia Pushes Forward with Privatizations

In spite of the capital shortfall of € 4.78bn of the banks in Slovenia, the bank stress test was passed by the financial institutes.

December 13, 2013

Croatia: Erste Offer Rejected

Austrian Erste Group intended to aquire Croatian HPB. However, the offer was rejected by the Finance Ministry as the purchase price was considered too low.

December 13, 2013

Slovenian Banks Exhibit Capital Gap of Almost € 5bn

The capital gap of Slovenian banks comes at a total of 4.78bn, according to the stress test published today.

December 12, 2013

Slovenia: Bank Bailout Plan Is Completed

Tomorrow, December 12, the results of the bank asset review will be published. The next steps have been determined already in advance.

December 11, 2013

EU Demands € 55bn for Banking Union

The Finance Ministers of the European Union are still negotiating about a mechanism aimed at preventing states from having to take over financial difficulties from banks, the banking union.

December 9, 2013

Major Changes in Hungarian Banking Industry Ahead

The Hungarian government comes closer to its objective. Foreign banks are leaving the country step by step.

December 7, 2013

Slovenia: Bank Stress Test Results Expected Earlier

According to a source within the European Union, the test results of the asset review of Slovenian banks will be published on December 12.

December 6, 2013

Poland: BGZ Bank Taken Over by BNP Paribas

Polish BGZ Bank will be taken over by French BNP Paribas for a selling price of around € 1bn.

December 5, 2013

Slovenia: National Bank Rejects Rumors

The Slovenian National Bank has reacted to the increasing number of reports on the possible result of the stress tests at eight Slovenian Banks.

December 5, 2013

Bank Austria: Massive Case of Customer Data Abuse.

Bank Austria files a lawsuit on the abuse of consumer data as Austrian magazine “News” got hold of data of around 5,000 costumers

December 4, 2013

UniCredit: Withdrawal from Hungary as Potential Option

UniCredit does not completely rule out a withdrawal from the Hungarian market in case further burdens will be imposed on banking institutes.

December 4, 2013

UniCredit Bank Ukraine and Ukrsotsbank to be Merged

CEE Division completes additional steps in business refocusing.

December 3, 2013

Bratusek: Slovenia Will Manage Bank Rescue

According to Prime Minister Bratusek, Slovenia will manage the bank rescue on its own.

December 3, 2013

Bank Austria: Sales Proceeds for Kazakh Affiliate Dropped

Sales proceeds of Bank Austria’s Kazakh affiliate ATF Bank only came at € 294m which is significantly less than announced by the bank in the first half year.

December 2, 2013

New Austerity Measures for Bank Austria

UniCredit´s Austrian subsidiary and biggest Austrian bank faces job cuts and structural measures again.

November 26, 2013

Slovenia: Stress Tests Result Published on December 13

Bostjan Jazbec, governor of the Slovenian National Bank (SNB), is optimistic that no Slovenian bank will have to be liquidated.

November 23, 2013

Austria: Cernko Favors Participation in Bad Bank

CEO of Bank Austria Willibald Cernko is in favor of Austrian banks participating in a bad bank for Hypo Group Alpe Adria.

November 21, 2013

Hungary: Banks Penalized for Lobbying

The Hungarian competition authority GVH has imposed a penalty running in the millions on domestic and foreign banks.

November 20, 2013

Bank Austria: Economic Recovery Continues

The Bank Austria Business Indicator provides an overview of the current economic situation in Austria.

November 18, 2013

Nowotny: Economic Recovery not as Strong as Expected

According to Ewald Nowotny, governor of the Austrian National Bank (OeNB), indicators point toward a slow recovery in the next quarters.

November 18, 2013

RBI Considers Leaving Ukraine

The second-biggest lender in the CESEE region, Austrian Raiffeisen Bank International, confirms the intention to sell the Ukrainian affiliate Aval.

November 17, 2013

Romania: UniCredit Tiriac Bank’s Profits Exceeding Expectations

On an annual comparison basis, Unicredit Tiriac Bank posted an increase of profits of 48 percent to € 48.5m since the beginning of this year exceeding all expectations.

November 13, 2013

Bank Austria: Results Slightly above Expectations

Results for the first nine months of 2013: BankAustria posts net profit of over EUR 1 billion for the first nine months.

November 12, 2013

UniCredit: Net Income Driven By CESEE

Italian UniCredit Group´s quarterly net income was down by 40%. Losses in Italy could be more than offset by the results in Poland and Bank Austria´s contributions.

November 11, 2013

BNP Shows Interest in Taking Over Polish BGZ

In the race for the Polish lender BGZ, the biggest French bank BNP Paribas enters the stage.

November 8, 2013

Slovenia: Ten Banks under Stress Test

In addition to the country’s three major banks, NLB, NKBM and Abanka Vipa, seven other banks are concerned by the bank stress test.

November 7, 2013

Leitl Rejects Further Bank Taxes

Christoph Leitl, president of the Austrian Chamber of Commerce (WKO), rejects the Finance Ministry’s plan to impose further taxes on Austrian banks in order to decrease public debts.

November 6, 2013

Austrian Banks Demand Cut in Bank Levy

Major banks in Austria demand tax reliefs in return for a participation in Hypo Group Alpe Adria’s bad bank.

November 5, 2013

Czech Budget Deficit to Remain Below Approved Mark

The budget deficit in the Czech Republic increased to CZK 47.7bn in October from CZK 38.2bn in September.

November 4, 2013

Austrian Industrial Sector Gaining Stability

The upwards trend in Austrian industry picked up pace in October. Highest survey reading for two years signals clear pick-up of industrial activity

October 30, 2013

Cernko: Bank Shops in Austria Have to Be Reduced

In spite of the banks’ progresses Austria still has a high densitiy in bank branches.

October 30, 2013

BGZ: Santander Aims to Expand into Poland

In order to complete its local affiliate Bank Zachodni WBK, Spanish Santander intends to take over the Polish lender BGZ.

October 29, 2013

Czech Republic: Four Banks too Big to Fail

CNB has determined four domestic banks that could potentially endanger the country’s financial system in case of bankruptcy, as reported by daily “Hospodarske noviny” (HN).

October 24, 2013
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