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Erste Group Sold Over EUR 1.1 Billion Non-Performing Loans in 2014

In 2014 Erste Group got rid of major packages of non-performing loans. Over the year the bank sold EUR 1.1 billion (USD 1.25 billion) in non-performing loans (2013: EUR 0.7 billion). In the fourth-quarter alone EUR 575.2 million in non-performing loans were sold. The current volume amounts to EUR 10.9 billion.

February 27, 2015

Goldman Sachs Raises Profit Forecasts for Erste Group

Securities experts from US investment bank Goldman Sachs have raised their profit forecasts for Erste Group.

February 27, 2015

180 Heta Employees Going to Hypo Group

The former Southeast European unit of Carinthian bank Hypo, Hypo Group Alpe Adria (HGAA), sold recently to US investment fund Advent will keep its head office in Klagenfurt. Heta Asset Resolution, the successor of Hypo Alpe Adria, declared on Thursday that 180 employees of Heta would transfer to the Klagenfurt-based Hypo Group.

February 26, 2015

Bank Austria: Growth of Austrian Industry Taking its Time

The latest Purchasing Manager index of Bank Austria indicates a decreased growth m/m, although the range of that decrease was less prominent than in previous months.

February 26, 2015

Wienerberger Bricks Suffers EUR 170 Mln Net Loss in FY 2014 on Q4 Impairments

Listed construction materials maker Wienerberger saw its plans for the return to profit in 2014 shatter: the company suffered a heady EUR 170 million net loss last year, as Q4 closed deep in the red on extensive EUR 208 million writeoffs, the company's report out Thursday showed.

February 26, 2015

Valneva Biotech Reduces 2014 EBITDA Loss to EUR 7.4 Mln

Listed vaccine produce Valneva, formerly Intercell, posted a preliminary EUR 7.4 million (USD 8.4 million) EBITDA loss in 2014, better than EUR 11.7 million loss a year earlier, the company said Thursday.

February 26, 2015

Kapsch TrafficCom Still in Red Due to Norwegian Firm and Project Loss

Road toll system provider Kapsch TrafficCom continued its loss-making streak in the first nine months of 2014/15. The net loss per share slipped, however, from EUR 0.40 (USD 0.45) to EUR 0.36. The cause for the continuous negative performance of the firm was due to impairment loss on Kapsch’s Norwegian subsidiary Q-Free ASA made in Q3.

February 25, 2015

Immofinanz CEO Calls CA Immo Takeover Offer "Ludicrous”

The head of Immofinanz, Eduard Zehetner thinks the takeover offer extended today by CA Immo and its core shareholder O1 of Russian real-estate tycoon Boris Mints, for a minority stake in Immofinanz is "ludicrous”.

February 25, 2015

CA Immo Interested in 15 Pct Stake in Immofinanz

Listed property group CA Immo and the company's blocking minority shareholder O1, controlled by Russian tycoon Boris Mints, are mulling the purchase of about 15 percent stake in listed real estate firm Immofinanz, they said in a joint statement on Wednesday after media reports on the potential move.

February 25, 2015

Kapsch TrafficCom - Analysts Expect Operating Profit for 9 Months

Analysts predict that the 9-month financial report of Kapsch TrafficCom to be published on Wednesday will show substantial gains on the operating level.

February 23, 2015