Banking Industry

Bank of China Vienna Not CEE Headquarter

The Bank of China inaugurated its branch office in Vienna. Contrary to previous announcements the Vienna office will not be the headquarter for the CEE region, but only a branch of the bank branch in Budapest.

March 7, 2016

RBI Not to Sell Zuno Bank to ABH Holdings

The sale of Raiffeisen Bank International’s (RBI) direct bank Zuno to the Alfa Banking Group will not be concluded because ABH Holdings withdrew from the contract of sale.

March 1, 2016

Erste Group Posts Net Profit of EUR 968.2 Million in 2015

“A net profit of nearly 1 billion euro, a strong capital base and substantially lower risk costs for 2015 show that we have done our homework,” said Andreas Treichl, CEO of Erste Group Bank AG, about the full-year 2015 preliminary results.

February 26, 2016

Unicredit Bank Austria Preliminary Results: Net Profit of About EUR 1.3 Billion for 2015

Unicredit Bank Austria has published its preliminary results for the 2015 financial year. Unicredit's Austrian subsidiary posts a net profit of about EUR 1.3 billion for 2015. Systemic charges including bank levies are up by EUR 89 million to EUR 326 million.

February 10, 2016

Cerberus and Bank Austria Held Further Talks Concerning Branch Network

UniCredit, parent of Bank Austria, and Cerberus fund, the US shareholder of BAWAG Bank, reportedly held talks concerning the branch network of Bank Austria, the daily Standard wrote citing BAWAG sources.

February 5, 2016 · Updated: February 5, 2016; 19:45

RBI: Preliminary 2015 Consolidated Profit of EUR 383 Million

Raiffeisen Bank International AG (RBI) announces a preliminary 2015 consolidated profit of EUR 383 million. This is above the guidance previously given, primarily due to lower than expected net provisioning for impairment losses of EUR 1,266 million, 28 percent below 2014. This development was spread across a number of markets. General administrative expenses were EUR 2,915 million, 4 per cent below the prior year. Transformation program costs in 2015 were approximately EUR 90 million, in line with guidance. FY 2015 guidance had also included goodwill impairment charges and risk costs amounting to EUR 124.1 million, which were reallocated to FY 2014 in the course of a restatement.

February 2, 2016

Hypo Investigation Committee Hearings - Latest Update

The Hypo investigation committee continued hearings on Wednesday. In the morning the committee interrogated Financial proxy Wolfgang Peschorn, who is considered the legal mastermind behind the emergency nationalisation of ailing bank Hypo Alpe Adria. The interrogation of Wilhelm Miklas, General Secretary of the Landes Hypothekenbanken bank association is scheduled for Thursday afternoon, and Frans Pinkl, shortterm bank head before the nationalisation, has been called in for interrogation for Friday.

January 28, 2016

Schelling Believes Creditors will Agree EUR 7.8 Bln Conciliation Offer

Since the buyback offer for bonds of Hypo Alpe Adria bad bank Heta, with a guarantee of the province of Carinthia, extended by the province authorities, the poker game for Heta debts has begun. By 11 March two thirds of the deal have to be approved. Meanwhile a large creditor group declined the offer the same day it was announced.

January 25, 2016

Robert Zadrazil Takes Over the Helm of Bank Austria from Willibald Cernko

After having been board member of Bank Austria for ten years, Robert Zadrazil (45) will now step it up and replace Willibald Cernko (59) who will step down as of 1 March 2016. The bank speaks of a generation change.

January 18, 2016

Cashless Payment System "Quick” to Be Wound Down in Mid-2017

Cashless payment system "Quick” will wind down its operations between mid-2017 and end-2017, the system operator Six said, confirming the report of the daily Kurier.

December 23, 2015
Fast News Search