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Banking Industry

Erste Group Modernises Former Headquarter in Vienna

Erste Group has only recently relocated to a new head office close to Wiener Hauptbahnhof, the main train station in Vienna. The former headquarter will be modernized in the meantime. The complex is to be overhauled and the local bank branch will be maintained, Erste Group announced.

Yesterday

Bank Austria's Ex-Manager Randa Reportedly a Candidate for Sberbank Europe CEO Post

Gerhard Randa, who was Bank Austria CEO in 1995-2003, is a candidate for the post of the CEO of Sberbank Europe, the bank's spokesperson told the online edition of the daily Presse. The final decision will be made by the end of the week.

Yesterday

Santander Bank Unit to Reimburse Austrian Clients after Court Ruling

Santander Consumer Bank will refund excessively high interest and penalty fees charged from clients, following a respective ruling of the Vienna Supreme Court (OLG), the bank said.

June 27, 2016

Bank Austria Launches Restructuring Program, Eyes Completion by End-2018

Bank Austria, a unit of UniCredit, is "immediately” launching the restructuring program announced in December and wants to complete it by the end of 2018, the bank said.

June 24, 2016

Rothensteiner: Raiffeisen Bank Group is Doing Well

The Austrian Raiffeisen bank group (RBG) is doing well, according to the head of RZB, Walter Rothensteiner. Last year with a balance sheet total of EUR 280 billion the group confirmed its top position among Austrian bank groups for the 10th time.

June 23, 2016

Bawag Buys Two Units from Banking Association Volksbanken

Bank Bawag PSK struck a deal to buy construction savings society start:bausparkasse and Immo Bank from the banking association Volksbanken, the companies said without providing the price of the deal.

June 23, 2016

Austrian Banks Earn More Despite Unfavourable Environment

In 2015 Austrian banks reduced their write-downs and made a profit. Annual surplus of 80 members of the bank association amounted to EUR 1.2 billion (USD 1.362 billion). The whole banking sector recorded a EUR 3.7billion profit.

June 23, 2016

Hungary and EBRD Seal Investment in Erste Bank Hungary

Hungary and the European Bank for Reconstruction and Development (EBRD) will, just as planned, obtain a 15 percent stake each in the Hungarian subsidiary of Erste Group Bank. An agreement on the transaction was signed in Budapest. The estimated value of the total stake of 30 percent is HUF 77.78 billion (EUR 250 million), the three involved parties said.

June 21, 2016

Austrian Banks at Rear End in Terms of Efficiency in Europe

Austrian banks progressed very little in terms of efficiency last year. With a cost-income-ratio (CIR) of 71 percent the banking sector in Austria comes in one of the last in a comparison for Europe right before Germany’s lenders, it follows from the Retail Banking Radar report made by consulting firm A.T. Kearney.

June 20, 2016

RBI Shareholders Critical of Merger Plan with Parent RZB

Listed bank RBI shareholders are sceptical as far as the potential merger with the bank's parent RZB is concerned, it follows after a general meeting held on Thursday. RBI shareholders requested a clarification of the benefits expected from the potential merger and the presentation of details, but did not receive concrete answers.

June 17, 2016