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Banking Industry

OeNB Doubles Profit Thanks to Münze Österreich

The Austrian National Bank (OeNB) more than doubled its profit from EUR 341 million to EUR 753 million in 2015 thanks to income from stake in Münze Österreich. The federal government will take EUR 508 million from the profit.

Yesterday

Raiffeisen NÖ-Wien to Update Its Strategy

Despite significant burden of a EUR 99.3 million (USD 112.8 million) writedown on the one-third stake in Raiffeisen Zentralbank (RZB), Raiffeisenlandesbank NiederösterreichWien (RLB) returned to profits in 2015. 2016 will be still hard. The bank will shift its focus.

April 28, 2016

RLB NÖ-Wien Bank Writes Off EUR 100 Mln for RZB Stake in 2015

RLB NÖ-Wien recorded a profit on its stake in RZB group in 2015, despite the lack of dividend and a nearly EUR 100 million (USD 113.2 million) impairment booked on the stake.

April 28, 2016

By 2020 State Will Budget EUR 1.6 Billion in Capital Aid for Bad Banks

The federal financial framework for the years 2016-2020 stipulates capital aid to the tune of EUR 1.6 billion (USD 1.8 billion) for bad banks of former ailing banks. A total of EUR 0.5 billion per year have been earmarked for te years 2017 and 2018, whereas EUR 0.3 billion will be set aside in 2019 and 2020 for capital measures.

April 26, 2016

Bawag Brings Easybank Manager Sarközi to Holding

An internal managerial reshuffle is imminent for Bawag bank group. The bank wants Sonja Sarközi, head of the online banking subsidiary Easybank, to switch to management of Bawag PSK, as Chief Innovation Officer. She would be in charge of the digitization and the expansion of the private customer business.

April 26, 2016

Heta Adapts Interim Balance Sheet 2015

Heta, the bad bank of Hypo Alpe Adria, presented an adapted interim financial statement for 2015. It is based on and the result of the financial market authority’s (FMA) announcement of the bond haircut.

April 26, 2016

Austria Paves Way for EU Basic Bank Account

Austria took a step closer to the introduction of basic bank account as the consumer protection committee passed the bill on consumer account (VZKG), preparing the legal foundations. The draft bill is an implementation of the EU guidelines.

April 22, 2016

DenizBank Vienna Raised Profit in 2015 by 25 Percent

Vienna-based DenizBank, owned by Sberbank group via Turkish DenizBank A.S., saw a massive profit increase y/y in 2015. The bank netted EUR 177.8 million (USD 202 million), up 25 percent y/y, whereas the balance sheet sum firmed from EUR 8.9 million to EUR 10.05 billion, the balance published in Official Gazette of Wiener Zeitung daily indicates.

April 22, 2016

Hypo Alpe Adria Bank Moves Head Office to Vienna

Hypo Alpe Adria group - the Balkan operations of Hypo (now Heta) - sold to US Advent fund, has moved its head office to Vienna from Klagenfurt.

April 18, 2016

World Bank Among Heta Creditors Affected by Haircut - Daily

Bad bank Heta creditors include the World Bank, affected to the tune of EUR 150 million (USD 169 million) by the haircut on the bank's liabilities, the daily Standard reports.

April 15, 2016