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ECB

Austrian Central Bank Cuts 2014 GDP Growth Forecast to 0.4 Pct

Austria's economy will likely grow by as little as 0.4 percent in the whole 2014, central bank OeNB said Friday revising the previous forecasts for 0.9 percent GDP growth.

December 5, 2014

Nowotny: Balkan C-Bankers Regret Hypo Asset Sale Came so Late

Not only Austria hopes for a swift conclusion of the sale of Hypo Alpe Adria bank units in the Balkan area, but bankers in the whole region share that sentiment. Austrian central bank governor Ewald Nowotny reports today that his colleagues in Southeast Europe had been pushing for this step for a long time, since waiting with the sale means the proceeds from it keep shrinking.

November 24, 2014

UniCredit: Common Bad Bank with Intesa Sanpaolo?

The parent company of Bank Austria may create a common bad bank with its Italian competitor Intesa Sanpaolo. The bad bank may be sold later on.

April 22, 2014

ECB Puts Pressure on Hypo Group

The distressed Austrian nationalized lender has no access to the Eurosystem monetary policy credit instruments. About ten potential buyers might be interested in the Balkan lender.

April 5, 2014

ECB Wants to Supervise All Banks

For the European Central Bank, the current authority does not go far enough. The ECB wants to control all 6,600 banks in the Eurozone.

February 8, 2014

Stress Tests Become Harder

Experts expect that not all banks participating in the examination will pass the stress test.

February 1, 2014

$ 1.0trn Capital Shortfall in European Banking Sector?

According to U.S. economists, the stress tests carried out by the European Central Bank are too soft.

January 16, 2014

VBAG: Complete Write-Off Possible

The Austrian state may has to write down its interest completely. Further capital injections are very likely. Also VBAG´s other shareholders will be obliged to provide fresh funds for the ailing bank.

January 4, 2014

Austrian Banking Industry Depends on Russia and Czech Republic

For the Austrian banking sector, the CESEE region is highly heterogeneous. In the first six months of 2013, net earnings totaled € 1.4bn in the region.

December 12, 2013

CESEE: Austrian Banks Face New Challenges

For Austrian banks, the assessment by the ECB may bring new difficulties. Non-performing loans in CESEE are said to be higher than officially known.

November 26, 2013
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