Banking Industry

Erste Group Hungary Aims to Become Top Corporate Finance Advisor

The Hungarian arm of Erste Group Bank wants to become one of the top three banks in terms of corporate finance by 2020 in Hungary, it follows from a statement by head of corporate banking of Erste Bank Hungary (EBH), Richard Szabados.


Heta Bad Bank Sells Iconic Holiday Inn Sarajevo Hotel

Bad bank Heta sold the Holiday Inn hotel in Sarajevo to tourism group Europe d.d., the company said. The iconic Holiday Inn Sarajevo was home of foreign correspondents during the 1984 Winter Olympics and throughout the siege of Sarajevo during the Bosnian War. The price was not disclosed.

July 20, 2016

Fitch: Lower Bank Tax Could Strengthen Banks' Capital, Improve Competitiveness

The reduction in Austria's bank tax as of 2017, agreed on by the country's ruling coalition last week, could boost Austrian banks' competitiveness versus their European peers and facilitate strengthening capital, ratings agency Fitch said in a report.

July 18, 2016

Meinl Bank Slumps Deep Into the Red in 2015

Last year Meinl Bank dropped deep into the red. The report presented today shows a loss of EUR 9.2 million for 2015. Back in 2014 the bank broke even. Balance sheet loss increased to EUR 33.1 million.

July 18, 2016

Erste Group Expects Q2 Net Profit of about EUR 560 Million

Erste Group expects to post net profit of approx. EUR 560 million in Q2 16, raises guidance for 2016 to ROTE >12% (up from 10-11%).

July 14, 2016

Bank Tax: Reduction and One-Off Payment are Positive Signals

Austria's new regulations reducing the bank tax and introducing a one-off payment from banks are "a positive signal,” central bank governor Ewald Nowotny said after the Austrian government reached an agreement on the planned changes.

July 13, 2016

Withdrawal Fees: Finance Ministry Insist on Providing Clear Information

Austria's Finance Ministry would insist on providing clear information about cash withdrawal fees in the form of cash machine signage, the ministry's spokesman said.

July 13, 2016

Competition Regulator BWB on Cash Withdrawal Fees

Austrian competition watchdog BWB, which is currently looking into whether non-bank cash machine operators have unfair competitive advantage over the country's banks, believes that the Austrian lenders seem "to finance non-bank cash machine operators and hence finance own rivals,” BWB said in a statement.

July 12, 2016

Austrian Cabinet Reaches Agreement on Bank Tax Reduction

The Austrian government reached an agreement concerning the country's bank tax reduction, to EUR 100 million, Chancellor Christian Kern said after the government sitting.

July 12, 2016

Euronet Cash Machines Operator Introduces Withdrawal Fees

US cash machines operator Euronet, who runs only about 70 machines in Austria began charging a EUR 1.95 per-withdrawal fee, APA stated in a test following reports from customers since mid-last week.

July 11, 2016