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equity

KA Finanz: Disaster Was Avoidable

The „bad bank“ of the nationalized bank Kommunalkredit considered selling Greek sovereign bonds in spring 2009. Last week, KA Finanz wrote off € 423m.

March 12, 2012

Nowotny: Capital Shortfall at Hypo Group „Substantially Less Than € 10bn”

The governor of the Austrian Central Bank (OeNB) repulses reports stating that the nationalized bank Hypo Group needs capital injections of € 10bn.

March 10, 2012

Bawag Buys Back Hybrid Capital

The U.S. owned Austrian bank purchases € 300m in hybrid capital back in order to strengthen the equity base.

March 9, 2012

RBI Optimizes Its Structure of Participations

EBA decides not to recognize privately placed participation capital. RZB Group will nevertheless meet the EBA target, the bank argues.

March 8, 2012

IPIC Intends Further Increase in OMV

The second core shareholder of OMV, the Arab state fund International Petroleum Investment Company, which is situated in Abu Dhabi, plans another rise in its shareholding.

March 8, 2012

EBA Does Not Accept Participation Capital as Equity

Austrian banks face new difficulties. The European Banking Authorities does not approve participation capital by the Austrian state as Tier-1 Equity Capital.

March 8, 2012

Erste Group Has € 150m Gain Through Hybrid Buyback

Erste Group Bank AG, Eastern Europe’s second-biggest lender, said it has agreed to buy back € 828.3m ($ 1.1bn) of hybrid securities to boost net income and capital.

March 6, 2012

Drastic Decrease in Stock Market Turnover

In February, stock market turnover was down by 28% at Vienna Stock Exchange. In January, trade decreased by 35% compared to January 2011.

March 2, 2012

Nowotny: „Austrian Banking Activities in CEE Better than their Reputation”

According to the governor of the Austrian Central Bank (OeNB), Ewald Nowotny, Austrian banks engaged in Central and Eastern Europe are more stable than they are supposed to be.

March 1, 2012

Banking Industry As „Cash Cow“?

For RZB´s CEO Rothensteiner, the increase in bank tax is “not fair”. The government plans to raise bank taxes by 25%.

February 29, 2012
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