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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

Former Hypo Österreich Made EUR 6.7 Million Profit in H1

The former Hypo Österreich, now Austrian Anadi Bank, with headquarters in Klagenfurt, published its halfy-early results. According to the company’s report its profit on ordinary activities dropped to EUR 9.3 million from EUR 22.7 million for the same period of last year. After-tax profit for the first six months of the year reached EUR 6.7 million, after EUR 16.4 million (USD 18.5 million) last year.

August 24, 2016

Moody’s - Situation of Austrian Banks Improves

US rating agency Moody’s has upgraded its outlook for the creditworthiness of Austrian banks in the coming 12 to 18 months for the first time since 2009 from "negative” to "stable”. The reason for this is lower exposure to risky countries of Central and Eastern Europe, as well as stronger-than-expected capital cushion.

August 23, 2016

RBI: Low Interest, Small Loan Volume Weigh Down on Bank Results

CEO of listed Raiffeisen Bank International (RBI), Karl Sevelda, explains in a comment to the figures published last week, that the earnings were affected by continuously low interest rates and a reduction of the loan volume. On the upside though, the retail business performed above expectations and in spite of the weak market.

August 22, 2016

Carinthian Province Government Concludes Agreement with Federal Authorities on Heta

The province government of Carinthia concluded an agreement with federal authorities regarding a loan of EUR 1.2 billion (USD 1.32 billion) related to Heta, the liquidation vehicle for Hypo Alpe Adria bank. The money will be directed to the Carinthian compensation payment fund KAF, which is to buy back Heta bonds from creditors. The opposition parties voted against the agreement.

July 27, 2016

Rothensteiner: RZB Expects Only Moderate Performance in ECB Stress Tests

RZB bank expects to show only moderate performance in this year's ECB stress tests, the results of which should be published on Friday, CEO Walter Rothensteiner said in an interview for the daily Kurier.

July 27, 2016