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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.

July 25, 2016

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

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

RBI Closes Sale of Raiffeisen Banka in Slovenia

Following the completion of all regulatory requirements, Raiffeisen Bank International AG (RBI) formally closed the sale of its Slovenian bank, Raiffeisen Banka d.d. The sales price will be kept confidential.

July 1, 2016

Split-Off of UniCredit's CEE Unit from Bank Austria is Nearing

The split-off of eastern European bank business from UniCredit subsidiary Bank Austria, and its transition to Milan, is nearing. Bank Austria’s management board already agreed to the step; now an auditor has to evaluate the measure and then the supervisory board is to decide. The plan is to be filed with the court in June.

May 6, 2016

Bawag Laying Off Further 180 to 200 Employees

Bawag Bank will optimize its branches and in course of the process will cut 180 to 200 jobs. 70 to 80 of the affected employees are supposed to be sent back to their actual employers - Post AG.

May 3, 2016

Andreas Treichl Earned EUR 2.95 Million in 2015

Andreas Treichl, head of Erste Group, earned EUR 2.95 million (USD 3.3 million) last year. In 2014 his income had been EUR 2.18 million. For 2015 the bank manager received a bonus. The six Erste Group board members were paid out EUR 6.5 million in total for 2015.

March 30, 2016

Robert Zadrazil Has Been Appointed Head of Austrian Bankers' Association

The CEO of Bank Austria, Robert Zadrazil (45) has been appointed new head of the Austrian bank association, thus replacing Willibald Cernko not only as head of Bank Austria, but also as the president of the bank association, it was revealed.

March 11, 2016
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