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Austrian Financial Services Headlines

Austria to Make Payment on Bad Bank Heta Notes in December

Austria will make the interest payment on the subordinate bond of bad bank Heta (formerly Hypo Alpe Adria), covered with a state guarantee, in December, according to the information published on Heta home page.


Austrian Railways Secures EUR 1.8 Bln Loan from EIB

Austria's state-run rail carrier ÖBB will receive EUR 1.8 billion (USD 1.9 billion) loan from the European Investment Bank (EIB) for the modernisation of the Vienna-Graz rail track until 2026, the parties announced after the signing of the contract.


Large Securitisation Deal between EIB and UniCredit Leasing Austria

EIB participates in securitisation transaction of UniCredit Leasing Austria with EUR 230.9 mil. The European Investment Bank (EIB) will make available EUR 230.9 million to UniCredit Leasing Austria through the purchase of asset-backed securities (ABS).

November 24, 2015

Hungarian Central Bank Buys Austria's 68.8% Stake in Budapest Stock Exchange

Austrian shareholders CEESEG and OeKB sell their 68.8% stake in Budapest Stock Exchange to Hungarian Central Bank for €42m ($45m), the Hungarian central bank confirmed officially.

November 24, 2015

Tojner's Buy-Out-Central Europe II Posts Losses, Plans Capital Cut

BuyOut-Central Europe II Beteiligungs-Invest AG, calling itself the biggest bank-independent investment company in Austria, controlled by enterpreneurs Michael Tojner and Kurt Stiassny, are planning to take austerity measures. The share capital is to be reduced drastically, from EUR 22.5 million (USD 24 million) to EUR 225,000.

November 18, 2015

Valartis Bank Could be Sold to Wiener Privatbank

Valartis Bank (Austria), which belongs to the Swiss Valartis group, may be sold to Wiener Privatbank. Reportedly, two other parties interested in the takeover Semper Constantia Privatbank and Bank Winter have lost interest in the transaction.

November 18, 2015

Sale of Bank Austria’s Business to Bawag off the Table

Austrian subsidiary of UniCredit Bank Austria is facing a massive restructuring, which will lead to cutting many jobs. However, the sale of private client business (1.6 million clients) to BAWAG may be off the table "Wiener Zeitung” reported on Friday.

November 6, 2015

Immofinanz Sells Logistics Property Worth EUR 536 Million to Blackstone

Listed property developer Immofinanz is selling all of its logistics real estates, worth a total of EUR 536 million (USD 590 million), to US financial investor Blackstone. The deal has been already inked and shall be finalized in Q1 2016, it was reported.

November 2, 2015

Nowotny: More to Come with Regard to Bank Changes

Central bank (OeNB) head Ewald Nowotny stated that the structure of the bank sector would undergo more changes. He did not comment on the potential sale of business of Bank Austria, or the withdrawal of the bank’s eastern European business arm’s office from Vienna though.

November 2, 2015

Moody's Assigns Negative Rating to Vienna City, BIG, Asfinag Road Authority

Following the cut in Austria's rating outlook to negative and confirming the rating itself at 'AAA', ratings agency Moody's accordingly adjusted rating outlooks of some state institutions.

October 28, 2015