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Austrian Financial Services Headlines

CFOs in Spain Optimistic, in Austria Skeptical

According to a report by consulting firm Deloitte covering 14 European states, CFOs in the eurozone are mostly optimistic about market growth and revenues. The biggest optimists are Spaniards, whereas the Swiss are the most pessimistic. Also CFOs from Austria are rather skeptical, although the optimists outnumbered pessimists by 4 percent.

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

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

Erste Group Hopes for "7 Good Years”, Plans No Cap Hike by 2016

Listed bank Erste Group expects 2014 to have been the last in a series of difficult years, CEO Andreas Treichl said at the company's GM on Tuesday.

May 12, 2015

Bawag to Boost Growth Via Acquisitions in Western Europe

Bawag bank plans to boost growth via acquisitions in Western Europe, CFO Anas Abuzaakouk told Reuters new agency on Tuesday.

May 12, 2015

Austrian Investment Funds Mostly Positive Performance in April

The majority of Austrian investment funds enjoyed positive performance in April as 1,501 funds of all 1,575 active on the market for at least a year posted a positive 1-year return rate in April, show the data of Austrian investment association VOEIG.

May 11, 2015

Crowdfunding: Photovoltaic Company Karma Werte Collected EUR 5 Million

Graz-based startup photovoltaic technology specialist Karma Werte collected EUR 5 million (USD 5.6 million) via crowdfunding. The company issued subordinated securities at the beginning of March.

May 11, 2015

Heta-Related Loss of Allianz at EUR 133 Million

The troubles of banks and firms affected by the liquidation of former Hypo Alpe Adria bank (now Heta) continue. Germany’s insurance group Allianz’s board member Maximilian Zimmerer told shareholders on Wednesday the company’s involvement in Heta amounts to EUR 133 million (USD 149 million).

May 7, 2015

Austria's M&A Market Seen Stable in 2015

Austria will likely see little change in activity on the M&A market this year compared with 2014 when 242 transactions took place, shows a survey conducted by consultancy EY among over 1,600 managers worldwide.

April 27, 2015

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