The latest news articles on the financial industry from FriedlNews
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Austrian Financial Headlines

BIG Federal Property Managing Company's Sales Increased Slightly

Rental income and sales proceeds of federal property managing company Bundesimmobiliengesellschaft (BIG) jumped up in H1 2016 y/y. The market value of real estates climbed to over EUR 11.2 billion (USD 12.5 billion), compared to EUR 11 billion at the end of 2015, and BIG saw the rentable floor space remain at 7 million square meters.

August 31, 2016

RZB at Higher Risk of Regulatory Intervention

In view of the devaluation of RZB stakes in H1 balance sheets of owner banks RLB OÖ and RLB Steiermark, and of the justifications for that devaluation, Bloomberg reckons there is a higher risk of a regulatory intervention at Raiffeisen Zentralbank.

August 31, 2016

CA Immo Well Prepared for Merger with Immofinanz

Listed property group CA Immo sees itself well prepared for the planned merger with bigger real estate firm Immofinanz and will sit down to outline the detail of the process in early September, CA Immo CEO Frank Nickel said.

August 26, 2016

Conwert EBIT Up 137.4 Percent Y/Y

Listed property developer Conwert reports that in H1 2016 it generated EBIT of EUR 146 million (up 137.4 percent y/y) and a revenue of EUR 264.3 million (up 26 percent). The company managed to boost its performance thanks to optimising the property portfolio, the structure and costs.

August 24, 2016

Grasser Appeals Against Corruption Charges

Former Finance Minister Karl-Heinz Grasser (FPÖ/ÖVP) is defending against charges of corruption with regard to the privatization of federal housing facilities and the Linz-based Terminal Tower. Grasser’s lawyer Manfred Ainedter announced that he would appeal against the charges laid down by the prosecution.

July 29, 2016

Erste Group Hungary Aims to Become Top Corporate Finance Advisor

The Hungarian arm of Erste Group Bank wants to become one of the top three banks in terms of corporate finance by 2020 in Hungary, it follows from a statement by head of corporate banking of Erste Bank Hungary (EBH), Richard Szabados.

July 25, 2016

Heta Bad Bank Sells Iconic Holiday Inn Sarajevo Hotel

Bad bank Heta sold the Holiday Inn hotel in Sarajevo to tourism group Europe d.d., the company said. The iconic Holiday Inn Sarajevo was home of foreign correspondents during the 1984 Winter Olympics and throughout the siege of Sarajevo during the Bosnian War. The price was not disclosed.

July 20, 2016

Erste Group Expects Q2 Net Profit of about EUR 560 Million

Erste Group expects to post net profit of approx. EUR 560 million in Q2 16, raises guidance for 2016 to ROTE >12% (up from 10-11%).

July 14, 2016

Bank Tax: Reduction and One-Off Payment are Positive Signals

Austria's new regulations reducing the bank tax and introducing a one-off payment from banks are "a positive signal,” central bank governor Ewald Nowotny said after the Austrian government reached an agreement on the planned changes.

July 13, 2016

Withdrawal Fees: Finance Ministry Insist on Providing Clear Information

Austria's Finance Ministry would insist on providing clear information about cash withdrawal fees in the form of cash machine signage, the ministry's spokesman said.

July 13, 2016