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Austrian Financial Services Headlines

Moody's Concludes Reassessment of Austrian Banks

BAWAG P.S.K., Raiffeisenlandesbank Tirol and Raiffeisenlandesbank Vorarlberg received the best ratings among biggest Austrian banks from US rating agency Moody's.

July 2, 2015

Vienna Stock Exchange Turnover Up by 24 Pct Y/Y to EUR 30.6 Bln in H1

Stock trading turnover on the Vienna Stock Exchange rose by 24 percent y/y to EUR 30.6 billion (USD 34.1 billion) in H1 2015, the VSE operator said Wednesday.

July 1, 2015

Nowotny: Situation in Greece Dramatic

Austria’s central bank head Ewald Nowotny commented, while participating in a conference in Vienna, that the situation in Greece was certainly dramatic, since banks and stock exchanges would be closed for a week, and that people could only hope that the referendum in Greece would yield a reasonable solution.

June 29, 2015

VSE's Operating Income Up 17% in 2014, CEESEG also Slightly Up

The Vienna Stock Exchange (VSE) and the CEE Stock Exchange Group report solid FY 2014 results. Vienna Stock Exchange's operating income is up 17% in 2014, mainly driven by the steadily increasing trading volume. Also, new members have been elected to the supervisory board.

June 23, 2015

Erste Group Analysts Bet on Equities, Eyes Rebound on VSE in Autumn

Austria's top bank Erste Group analysts bet on equities in view of the continuing low rates environment, head analyst Friedrich Mostbock told a press conference on Monday.

June 22, 2015

Austrian Investment Funds Avg Annual Return Falls to 10.5 Pct in May

Austria's investment funds posted an average annual return rate of 10.55 percent in May, down from 12.95 percent in April, with 1,458 of 1,572 funds active on the market for at least a year enjoyed a positive return rate, 111 a negative one and three a null return, show the latest data of Austrian investment companies association VOIG.

June 12, 2015

RBI Expects 2015 will be another Transition Year for Eastern European Banks

The prospects for banks in Eastern Europe continue to be retained, Raiffeisen Bank International (RBI) analysts believe. They think 2015 will be yet another transitional year, their CEE Banking Sector report indicates. One of the main reasons for that is the deterioration of the situation in Russia, but also in other countries banks will have to wait longer for the big turnaround.

June 10, 2015

Erste Group, RZB Bank Ratings Cut to 'BBB+' at S&P

Listed bank Erste Group and RZB group suffered rating downgrades at ratings agency S&P to 'BBB+' from 'A' as S&P revised ratings on a number of European banks.

June 10, 2015

Bank Austria Cancels Interest on Current Accounts, Offers Cheaper Overdraft

Bank Austria, a unit of Italy's UniCredit, cut interest on means accumulated in new customers' current accounts to null from 0.125 percent as of June 1, the bank said.

June 1, 2015

Austrian Central Bank Plans to Relocate Gold Reserves

Austria's central bank OeNB plans to move its gold reserves by 2020 and hold half of the total in Austria, at the bank itself and at the Austrian mint, the bank said on the occasion of the annual press conference. Another 30 percent of the gold will be stored in London and 20 percent in Switzerland.

May 28, 2015