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bawag

Austria: Post Shows Solid Revenues

In 2012, Austrian Post generated € 123.2m and was therefore able to slightly increase the turnover. € 1.80 is being declared per share, which is a raise of € 0.10.

March 14, 2013

Bawag: Solid Operating Performance in 2012

Profit after tax (without restructuring expenses) of € 153.2m slightly above last year’s level.

March 13, 2013

Austria: Elsner Files Lawsuit in US Supreme Court

Former BAWAG CEO Helmut Elsner filed a lawsuit over $ 1.8bn against members of the Austrian Social Democrat party (SPÖ).

March 7, 2013

Austrian Construction Group Alpine Rescued

For the time being, Alpine´s bankruptcy could be prevented. The creditors agreed on a partial waiver.

March 4, 2013

Size of Austrian Bank Aid: € 20bn

Since 2008, the Austrian state has injected more than € 8bn into domestic banks. Guarantees total € 12bn.

February 5, 2013

Alpine: Creditors Face Haircut

The financially stricken Austrian construction company wants its creditors to contribute to the restructuring.

February 2, 2013

Fitch: Austrian Banking Industry Depends on CESEE

According to the U.S. rating agency, the situation of Austrian banks strongly depends on the development in central, east and southeast Europe.

January 14, 2013

Nowotny Remains Governor of OeNB

According to insiders, Ewald Nowotny will be re-elected as governor of Austrian National Bank (OeNB).

January 7, 2013

Bawag Concludes Capital Increase of € 200m

Equity capital raise from current shareholders and investors further strengthens BAWAG P.S.K.’s capital position. Cerberus´ share goes down to 52%.

December 28, 2012

Bawag: Changes in Management Board

Retail director Wolfgang Klein becomes Deputy CEO of the Austrian bank. Corey Plinkston joins the management board. Byron Haynes keeps his position as CEO:

December 22, 2012
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