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Austrian Banking Industry Headlines

Moody's Confirms Ba3 Rating for VTB Bank Vienna

Rating agency Moody's has confirmed the long-term rating of "Ba3” for the Austrian subsidiary of the Russian bank group VTB, VTB Bank (Austria).

Yesterday

Austrian Anadi Bank's Profit Down in 2014

Anadi Bank, formerly Hypo Österreich with headquarters in Klagenfurt earned much less in 2014 than in 2013. The result on ordinary activities plunged from EUR 8.4 million to EUR 2.3 million. The balance sheet total decreased slightly and annual surplus decreased from EUR 4.8 million to EUR 0.62 million.

May 21, 2015

RBI Bank Still Eyes Full-Year Loss in 2015

Listed bank RBI is facing a loss in the whole 2015 in view of EUR 550 million restructuring costs, the bank said, confirming the annual guidance after the release of Q1 2015 financial statements. Net profit dropped by 42 percent y/y to EUR 100 million. The bank's net interest income fell by 16 percent y/y to EUR 820 million in Q1. Fee and commission income sank by EUR 16 million to EUR 360 million. Trading result was negative at EUR 62 million, due to the impact of FX effects.

May 21, 2015

Bad Bank Heta 2014 Figures Publication Postponed to June

State-run bad bank Heta, previously Hypo Alpe Adria International, needs more time to prepare its balance sheet figures for 2014 and postponed the publication again to June, Heta said.

May 21, 2015

Andreas Gschwenter Becomes New COO/CIO of Raiffeisen Bank International

The Supervisory Board of Raiffeisen Bank International decided that Andreas Gschwenter will become Chief Operating Officer (COO) and Chief Information Officer (CIO) of RBI from 1 July 2015. Gschwenter was born in 1969, has a degree in business administration and has been Head of Operations (COO/CIO) in charge of IT, operations and cost management at Raiffeisen Bank Aval in Ukraine since 2010. His appointment is subject to approval by the Austrian Financial Market Authority.

May 20, 2015

Analysts Predict Profit Slip for RBI in Q1

Raiffeisen Bank International (RBI), the listed bank arm of the Raiffeisen group, will publish Q1 results on Thursday. Analysts of Erste Group, Kepler Cheuvreux, UBS, Citigroup and JPMorgan agree in their rather negative forecast, as they unanimously expect net profit and pretax profit to decrease considerably. Credit risk provisioning are not expected to have increased y/y though.

May 20, 2015

Fitch: RBI, Erste, Bank Austria, Volksbanken Lose 'A' Ratings

Ratings agency Fitch cut the ratings of four major Austrian banks, Volksbanken, Erste Group, Bank Austria and RBI, in connection with the new EU regulations on bank resolution, Fitch said.

May 20, 2015

Austrian Bawag Bank to Merge with German Postbank?

According to rumours circulated by German media, Austrian bank BAWAG P.S.K., majority owned by equity funds Cerberus and Golden Tree, might get merged with German Postbank soon.

May 18, 2015

Volksbanken Merger: Schelling Calls Emergency Meeting

Finance Minister Hans Jörg Schelling announced a crisis meeting for Monday, 10:30, with regard to the merger in the Volksbank banking sector, daily Oberösterreichischen Nachrichten (OÖN) reports in its Friday issue. The heads of three rebellious banks, the units for Almtal (Upper Austria), Gmünd (Carinthia) and Osttirol-Westkärnten have been summoned to Vienna.

May 15, 2015

Heta Asset Sale Dragging On

About EUR 4 million (USD 4.5 million) has been raised via the Alpe Adria Asset Platform (AAAPlatform) from the sale of Heta assets since February, a spokesperson of the Heta Asset Resolution announced today. The online platform is devoted to selling off assets of Hypo Alpe Adria’s bad bank successor Heta - including luxury yachts, vehicles, machines and real estates.

May 13, 2015