Banking Industry

Bawag Looking for Acquisition Targets in Western Europe

In the race for the subsidiary of Deutsche Bank, Postbank, the Austrian subsidiary of Cerberus, Bawag has for the first time dared to come out from under cover. "We want to carry out acquisitions in Austria and abroad. We are looking for targets in the West” the head of Bawag Byron Haynes told "Handelsblatt”.

Yesterday

Anadi Bank CEO Martin Czurda may Lose Post

Indian owners of Austrian bank Anadi (formerly Carinthia regional bank from Hypo Alpe Adria group) are reportedly seeking to replace the firm's CEO Martin Czurda, the daily Standard writes citing sources.

May 27, 2015

Kleinbank Wants to Buy Raiffeisen's Slovenian Subsidiary

The Slovenian Kleinbank Gorenjska banka is reportedly interested in taking over the Slovenian subsidiary of Raiffeisen Bank International (RBI). In the near future Gorenjska banka will carry out a due dilligence of the Slovenian subsidiary of RBI "Dnevnik” daily reported.

May 26, 2015

RBI’s Client Owns 6 Percent of Russia’s Oil Group Tatneft

The Austrian listed Raiffeisen Bank International (RBI) controls in the name of an unnamed client a 6.09 percent stake of Russia's sixt largest oil group Tatneft. It was stressed that the stake is not owned by RBI.

May 26, 2015

Hypo/Heta - EUR 1 Billion Subordinated Bond Could be Cut Completely

A subordinated bond of EUR 1 billion (USD 1.117 billion) of the former Hypo (now Heta) from 2012 could be cut completely due to the poor condition of Heta. The federal government will have to stand in for Heta "Standard” reported.

May 26, 2015

Moody's Confirms Ba3 Rating for VTB Bank Vienna

Rating agency Moody's has confirmed the long-term rating of "Ba3” for the Austrian subsidiary of the Russian bank group VTB, VTB Bank (Austria).

May 22, 2015

Austrian Anadi Bank's Profit Down in 2014

Anadi Bank, formerly Hypo Österreich with headquarters in Klagenfurt earned much less in 2014 than in 2013. The result on ordinary activities plunged from EUR 8.4 million to EUR 2.3 million. The balance sheet total decreased slightly and annual surplus decreased from EUR 4.8 million to EUR 0.62 million.

May 21, 2015

RBI Bank Still Eyes Full-Year Loss in 2015

Listed bank RBI is facing a loss in the whole 2015 in view of EUR 550 million restructuring costs, the bank said, confirming the annual guidance after the release of Q1 2015 financial statements. Net profit dropped by 42 percent y/y to EUR 100 million. The bank's net interest income fell by 16 percent y/y to EUR 820 million in Q1. Fee and commission income sank by EUR 16 million to EUR 360 million. Trading result was negative at EUR 62 million, due to the impact of FX effects.

May 21, 2015

Bad Bank Heta 2014 Figures Publication Postponed to June

State-run bad bank Heta, previously Hypo Alpe Adria International, needs more time to prepare its balance sheet figures for 2014 and postponed the publication again to June, Heta said.

May 21, 2015

Fitch: RBI, Erste, Bank Austria, Volksbanken Lose 'A' Ratings

Ratings agency Fitch cut the ratings of four major Austrian banks, Volksbanken, Erste Group, Bank Austria and RBI, in connection with the new EU regulations on bank resolution, Fitch said.

May 20, 2015