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

RZB Bank Gives No Info on Potential Merger with Unit RBI; H1 Net Profit Down 10 Pct

Raiffeisen Zentralbank (RZB), parent of listed bank RBI, failed to provide information on a potential merger with the unit in the H1 report, saying only that it is focusing on capital structure.

August 28, 2015

Immigon Expects a Profit of more than a Hundred Million this Year

Among others, special income from high-volume bond buyback from August is supposed to make it possible for bad bank Immigon - formed from a part of ÖVAG - to make a profit exceeding a hundred million Euros for this year.

August 28, 2015

Meinl Bank vs FMA: Also Auditors had Reservations

The Financial Market Supervisor (FMA) has been investigating the management of Meinl Bank since July 2014, which has resulted in the regulator ordering a dismissal of the management board members. The bank is trying all legal steps to go against the regulator’s edict.

August 21, 2015

Raiffeisen to Sell Polbank Only Without CHF Loans

Raiffeisen Bank International (RBI) faces some delays with regard to its plan of selling off subsidiaries in eastern Europe, though the bank assures it will meet the target and downsize by the end of 2017. One of the obstacles it faces are CHF mortgage loans of Polish arm Polbank (EUR 3.2 billion /USD 3.5 bilion).

August 20, 2015

Austrian Anadi Bank Quadruples H1 Profit to EUR 16.4 Million

Austrian Anadi Bank from Klagenfurt reports posting a profit from ordinary activities of EUR 22.8 million (USD 25.2 million) in H1 2015 (H1 2014: EUR 6.3 million), while the net loss after tax rose four times y/y to EUR 16.4 million.

August 19, 2015

EBRD Buys 25% Stake in Raiffeisen Bank Aval

Raiffeisen Bank International (RBI ) reports that it has entered the final stage of negotiations with EBRD regarding the latter acquiring a stake in Raiffeisen’s Ukrainian subsidiary Bank Aval. The stake will be a substantial minority shareholding, RBI’s management board announced. The closing of the deal is slated for next week.

August 19, 2015

RBI Bank May Take Over CHF Loan Risks from Polish Unit

Listed bank RBI is facing delays in the planned sales of assets, CEO Karl Sevelda admitted. But these delays will not affect the schedule of restructuring with the final date still seen at end-2017, he stressed. Still, RBI may have to spin-off the CHF loans risks of its Polish unit Polbank and book it itself.

August 19, 2015

RBI Bank H1 Net Profit Falls 16.4 Pct Y/Y to EUR 288 Mln in H1

Listed bank RBI posted EUR 288 million (USD 318.9 million) net profit in H1, down by 16.4 percent y/y, and still expects to suffer a net loss in the whole 2015, the bank said in a report.

August 19, 2015

Hypo Bad Bank Heta Launches Sale of Balkan Real Estate Unit

Heta, bad bank of defunct nationalised lender Hypo Alpe Adria, has launched the sale process of its Balkan real estate unit Centrice Real Estate GmbH, show the international tender notices published on Tuesday in Austrian and Slovenian dailies.

August 18, 2015

RBI Bank H1 Net Profit Seen Falling 38 Pct Y/Y to EUR 214 Mln

Listed bank RBI will likely post EUR 214 million (USD 237 million) in H1 net profit, down by a heady 38 percent y/y, shows the consensus of analysts surveyed by APA.

August 18, 2015