The latest banking industry and company news and analysis from FriedlNews
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Austrian Banking Industry Headlines

Erste Group Modernises Former Headquarter in Vienna

Erste Group has only recently relocated to a new head office close to Wiener Hauptbahnhof, the main train station in Vienna. The former headquarter will be modernized in the meantime. The complex is to be overhauled and the local bank branch will be maintained, Erste Group announced.

June 29, 2016

Bank Austria's Ex-Manager Randa Reportedly a Candidate for Sberbank Europe CEO Post

Gerhard Randa, who was Bank Austria CEO in 1995-2003, is a candidate for the post of the CEO of Sberbank Europe, the bank's spokesperson told the online edition of the daily Presse. The final decision will be made by the end of the week.

June 29, 2016

Santander Bank Unit to Reimburse Austrian Clients after Court Ruling

Santander Consumer Bank will refund excessively high interest and penalty fees charged from clients, following a respective ruling of the Vienna Supreme Court (OLG), the bank said.

June 27, 2016

Bank Austria Launches Restructuring Program, Eyes Completion by End-2018

Bank Austria, a unit of UniCredit, is "immediately” launching the restructuring program announced in December and wants to complete it by the end of 2018, the bank said.

June 24, 2016

Porr - Financing for Major Order in Bratislava Secured

In Bratislava the Austrian construction group Porr will participate in one of the biggest PPP projects in Central Europe. The company received the order for the ring road of the capital of Slovakia a month ago. Now financing for the EUR 1 billion (USD 1.135 billion) project has been secured.

June 23, 2016

Rothensteiner: Raiffeisen Bank Group is Doing Well

The Austrian Raiffeisen bank group (RBG) is doing well, according to the head of RZB, Walter Rothensteiner. Last year with a balance sheet total of EUR 280 billion the group confirmed its top position among Austrian bank groups for the 10th time.

June 23, 2016

Bawag Buys Two Units from Banking Association Volksbanken

Bank Bawag PSK struck a deal to buy construction savings society start:bausparkasse and Immo Bank from the banking association Volksbanken, the companies said without providing the price of the deal.

June 23, 2016

Austrian Banks Earn More Despite Unfavourable Environment

In 2015 Austrian banks reduced their write-downs and made a profit. Annual surplus of 80 members of the bank association amounted to EUR 1.2 billion (USD 1.362 billion). The whole banking sector recorded a EUR 3.7billion profit.

June 23, 2016

Heta: Frankfurt Court Refers Case in Dispute with FMS to ECJ

Austria's bad bank Heta saw the regional court in Frankfurt refer the EUR 200 million (USD 227 million) case filed against Heta by German bad bank FMS to the European Court of Justice in Tuesday's hearing and suspend the procedure until the ECJ decision.

June 22, 2016

Hungary and EBRD Seal Investment in Erste Bank Hungary

Hungary and the European Bank for Reconstruction and Development (EBRD) will, just as planned, obtain a 15 percent stake each in the Hungarian subsidiary of Erste Group Bank. An agreement on the transaction was signed in Budapest. The estimated value of the total stake of 30 percent is HUF 77.78 billion (EUR 250 million), the three involved parties said.

June 21, 2016