The latest financial services industry and company news and analysis from FriedlNews
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Austrian Financial Services Headlines

Erste Group Sets Up JV in CEE with Global Payments

Listed bank Erste Group plans to sell 51 percent of its payments business in the Czech Republic, Romania and Slovakia to US payments services firm Global Payments for EUR 29.94 million (USD 33.2 million) and then set up a joint venture with the US partner, Erste said.

July 28, 2015

Unsuccessful Kommunalkredit Bidders File Complaint Against Tender

Unsuccessful bidders for the sale of state-owned Kommunalkredit Austria bank have filed a complaint with the commercial court in Vienna, after German investment banker Patrick Bettscheider won the tender.

July 23, 2015

VSE Sells Ljubljana Stock Exchange to Zagreb Stock Exchange

The Vienna Bourse has sold Ljubljana Stock Exchange to Zagreb Stock Exchange. Parent concern CEE Stock Exchange Group (CEESEG) and the Zagreb bourse signed today an agreement on the takeover of a 100percent stake in Ljubljana stock exchange. The purchase price hasn't been revealed.

July 16, 2015

Erste Bank Replaces Security Trading Platform Brokerjet with George

Erste Bank's Brokerjet service - that is tailored specifically toward the needs of online trading customers - will be discontinued as of the end of November. In the future the service will be offered via securities trading services George.

July 14, 2015

Raiffeisen Software Firms about to Merge

The Raiffeisen banks have ventured another step towards a large IT merger: software firms Raiffeisen Software Solution und Service GmbH (from Vienna) and RACON Software Gesellschaft m.b.H. (Linz) of the Raiffeisen banking sector will merge soon. The competition watchdog has already been notified about the deal.

July 14, 2015

Euromoney Names UniCredit-Bank Best Bank in CEE

Euromoney has presented UniCredit with nine awards for excellence, including Best Bank in Central Eastern Europe, Best Debt House in Central Eastern Europe and Best Transaction Services House in Central Eastern Europe.

July 14, 2015

Crowdinvesting Booming in Austria

Crowdinvesting is booming in Austria, it follows from a survey of the association of financial service providers. According to figures provided by the organisation in H1 2015 crowdinvestment platforms gathered EUR 3.3 million (USD 3.6 million) for various ventures.

July 9, 2015

mPAY24 Payment Provider Sold

Vienna-based payments company mPAY24 was fully taken over by Michael Muller, founder and long-term CEO of payment firm pay-safecard, the company said Wednesday. The price was not provided.

July 8, 2015

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