Banking Industry

Bank Austria Employees Will Support Potential Strike Over Cost Cuts

Over 2,000 employees of Bank Austria attended a works' meeting on Tuesday at Austria Center. The meeting concerned the savings measures recently announced by parent company UniCredit. Many bank branches thus conducted only the most basic operations.

1 hour ago

Large Securitisation Deal between EIB and UniCredit Leasing Austria

EIB participates in securitisation transaction of UniCredit Leasing Austria with EUR 230.9 mil. The European Investment Bank (EIB) will make available EUR 230.9 million to UniCredit Leasing Austria through the purchase of asset-backed securities (ABS).


Citi to Advise RBI on Polbank Sale

Raiffeisen Bank International (RBI) wants to restart the process of sale of the Polish subsidiary Polbank in the coming days. RBI has ordered investment bank Citi to look for potential buyers.


Volksbank Osttirol Leaves Volksbank Sector, Becomes Dolomiten-Bank

Bank Volksbank Osttirol-Westkärnten which refused to join the Volksbank sector merger, remains independent: it has rebranded itself to DolomitenBank Osttirol-Westkärnten, the bank announced. The separation from the bank association has been agreed with the Volksbank organization.

November 23, 2015

Heta to Cut a Few Hundred Jobs in 2016

The successor of Hypo Alpe Adria will have to cut more jobs already next year. This was announced by the head of Heta, Sebastian Schoenaich-Carolath. Particular people who will be affected, will be informed in advance. Anyway, in five years the former Hypo and thus, the employees remaining in "bad bank” are supposed to be dismissed.

November 20, 2015

Wiener Privatbank Wants to Take Over Valartis Bank Austria for EUR 13 Mln

Wiener Privatbank SE wants to acquire the major business areas of Valartis Bank (Austria) AG. Today the company reached a general agreement on the purchase. The purchase price will amount to EUR 13 million Wiener Privatbank announced.

November 20, 2015

Valartis Bank Could be Sold to Wiener Privatbank

Valartis Bank (Austria), which belongs to the Swiss Valartis group, may be sold to Wiener Privatbank. Reportedly, two other parties interested in the takeover Semper Constantia Privatbank and Bank Winter have lost interest in the transaction.

November 18, 2015

RBI Does Not want to Sell Russian Arm

Raiffeisen Bank International (RBI) affirmed that it did not plan to sell its Russian arm, repudiating press rumours. "We have no intention of selling Raiffeisenbank Russia,” the bank told Reuters. The Russian arm contributes a lot to the result of the bank concern, it was stressed.

November 17, 2015

Bank Austria: Trade Union Wants to Prevent Clear Cut

The trade union wants to fight for jobs in Bank Austria, if need be by legal means. On Thursday 580 representatives of trade unions declared their solidarity with Bank Austria employees. They want to prevent a drastic downsizing, if the bank proceeds with plans of selling some of its arms.

November 13, 2015

RBI Eyes 20-25 Pct Cost Cuts

Listed bank RBI, a unit of Raiffeisen group, sees the 20-25percent cost cuts target announced by RLB NÖ-Wien head and RZB supervisory board chair Erwin Hameseder a few weeks ago as absolutely in line with RBI own plans, RBI CEO Karl Sevelda said at a teleconference. The cost reduction programme will cost EUR 550 million.

November 13, 2015