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Austrian Financial Services Headlines

Investment Company UIAG Wants to Boost Dividend

The Upper-Austrian investment company Unternehmens Invest AG (UIAG) of Rudolf Knünz wants to raise its dividend from EUR 0.40 to EUR 0.60/share. The plan is supposed to be approved by the general assembly on May 13. Last year UIAG moved its financial year so that it matched the calendar year.

April 21, 2015

Anadi Wants to Reduce Cost of Acquisition of Hypo Austria Stake

The Indian owners of Anadi Bank are trying to bargain a purchase price reduction for a stake in bank Hypo Austria (the ‘healthy’ part of former Hypo Alpe Adria), daily Standard (Tuesday issue) reports.

April 21, 2015

Vienna Stock Exchange Mulls Sale of Ljubljana Stock Exchange

Austria's stock market operator, the Vienna Stock Exchange, is considering the sale of Slovenia's Ljubljana bourse, the Vienna bourse spokes-person Julia Resch indicated for APA on Friday. The VSE was approached by interested parties, she said.

April 17, 2015

Heta: Divestment of SEE Bank Network Hypo Group Alpe Adria Completed

The operational and legal carveout of Hypo Group Alpe Adria AG and its Southeast European network from former owner Hypo Alpe Adria Bank (now Heta) has been completed, the bank announced. The network consists of units in Slovenia, Croatia, Serbia, Bosnia-Herzegovina and Montenegro.

April 15, 2015

China Recognizes Austria Officially as a Founding Member of AIIB

Since the weekend Austria is officially, along with Spain and South Korea one of the founding members of the Asian Infrastructure Investment Bank (AIIB). This way the number of founding states of the bank launched by China has risen to 41. On Monday at the Austrian ministry of finance there was nobody who could confirm the news or make a comment on it.

April 13, 2015

Superannuation Funds Recorded 6.1 Percent Return on Assets

Austria’s superannuation funds generated an average return on assets of 6.1 percent in Q1 2015. This marks a continuation of the positive trend started last year, the association of pension fund managers announced. In 2014 the funds generated a return of 7.86 percent.

April 13, 2015

Austrian Association for Consumer Information Files Lawsuit Against German Broker House

After filing a criminal complaint against Hamburg-based broker house MPC in Vienna last year, now the Austrian consumer protection agency VKI intends to file a class suit against MPC in Germany soon.

April 13, 2015

Austrian Investment Funds Increased Positive Performance in March

In March most Austrian investment funds recorded positive performance. Out of 1,573 funds with a history of at least a year, 1,486 recorded positive oneyear performance. Only 83 funds recorded negative performance, according to the Association of Austrian Investment Companies (VÖIG). Four funds broke even.

April 9, 2015

Carinthia Puts Up With Credit Spread Risk Regarding ÖBFA Loans

Austrian province of Carinthia accepts that there are credit spread risks with regard to financing via the federal financing agency Bundesfinanzierungsagentur (ÖBFA). Meanwhile ÖBFA announced that Carinthia would enjoy the same terms of financing via the capital market as in previous years, though the terms cost slightly more than the traditional terms offered by ÖBFA.

April 8, 2015

Vienna Stock Exchange: ATX Upswing Drives Up Equity Trading in Q1

The Vienna Stock Exchange has seen the strongest monthly equity turnover since August 2011. The average monthly trading volume to date in 2015 is EUR 5.04 billion which represents a gain of 26.61% over the average monthly trading volume of the year 2014 (EUR 3.98 billion).

April 2, 2015