Financials

The latest news articles on the financial industry from FriedlNews
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Austria: Branch Network of Raiffeisen Shrinking

Because of the high number of mergers, the number of branch shops of Raiffeisen Group is dropping. However, the Austrian lender still has a market share of 43 percent.

7 minutes ago

Czech Republic: Interest on Mortgage Loans Dropped

Interest ratest on mortgage loans dropped to a record low to 2.93 percent last month.

2 hours ago

Hypo Group: Time Pressure Grows Dramatically

Future bank aids for the nationalized Austrian lender are limited. Haircuts for creditors and bondholders are not unlikely.

Yesterday

Republic of Austria Liable for Domestic Banks in Ukraine and Russia

The Austrian Clearing Bank (OeKB) has assumed liabilities in the amount of € 4.0n in Russia and Ukraine. Besides the political risks, banks operating in Russia have to fear economic risks too.

Yesterday

Polish Insurer PZU Gains More Power in Baltic States

As announced by the Polish insurance company, PZU took over three Baltic competitors.

Yesterday

Hypo Group: Italian Branch Turns Out a Huge Problem

According to CEO Picker there were more “skeletons in the closet than expected” which led to huge losses for the ailing bank. The Italian network may have to be downsized.

Yesterday

Slovenia: “Worst Thing if Nobody Dare Do Anything”

Finance Minister Cufer stressed that financial institutes needed stable guidance and confidence to continue their restructuring paths.

Yesterday

Hypo Group: Privatization of Balkan Business Until 2015

The nationalized problem bank intends to sell its Balkan business within 2014.

Yesterday

Immofinanz: Ownership Problems in Romania

According to a court decision Immofinanz has took over not legitimately acquired property in Transsylvania.

Yesterday

Austria: RLB OÖ Still Threatening to Leave

According to managing director of Raiffeisenlandesbank Oberösterreich (RLB OÖ) Heinrich Schaller, the tax burden is too high in Austria. The bank is still threatening to leave for Germany if the bank levy will not be changed.

Yesterday