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Austrian Banking Industry Headlines

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

Austrian Banks Benefit from Rebound in CEE - S&P

Austrian banks are benefiting from the economic rebound in CEE, ratings agency S&P said in the latest report pointing to GDP growth rates projected for the region this year.

August 30, 2016

Polish PZU Wants to Buy from both Italians and Austrians

According to polish Dziennik Gazeta Prawna daily, the negotiations between PZU insurance company and Italy's UniCredit, concerning the purchase of shares of Bank Pekao, should be concluded by the end of October. PZU is also said to be interested in the purchase of Raiffeisen Polbank from Austria's Raiffeisen Bank International. As the daily reports, PZU could form a consortium with PKO BP to negotiate with RBI.

August 29, 2016

Kommunalkredit CEO on plans, earnings, market

Kommunalkredit Austria wants to further strengthen its position as an institution specializing in infrastructural projects financing, CEO Alois Steinbichler said

August 26, 2016

Heta Bad Bank Posts EUR 7.5 Bln Profit in H1 Thanks to Haircut for Creditors

Heta, the bad bank of defunct lender Hypo Alpe Adria, posted a positive standalone net result of EUR 7.5 billion (USD 8.5 billion) in H1 2016, thanks to the haircut for its creditors introduced by the financial market watchdog FMA, Heta said in a statement. On the consolidated level, Heta booked EUR 6.94 billion profit (according to the IFRS).

August 26, 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

Western Balkans Countries Discussed Investment, Jobs and Integration in Vienna

The World Bank and the Vienna Institute for International Economic Studies (wiiw) held a high-level policy dialogue on ‘Investment, Jobs and Integration’ last week. Ministers and senior officials from the Western Balkans region as well as policy experts from international organisations and the business community gathered to discuss the challenges the region is currently facing, in particular the high unemployment rate, low international competitiveness, and lack of modern infrastructure.

July 8, 2016