Ewald Nowotny

Nowotny: More to Come with Regard to Bank Changes

Central bank (OeNB) head Ewald Nowotny stated that the structure of the bank sector would undergo more changes. He did not comment on the potential sale of business of Bank Austria, or the withdrawal of the bank’s eastern European business arm’s office from Vienna though.

November 2, 2015

Bank of China to Open Branch in Vienna

Bank of China, one of the 5 biggest state-owned commercial banks in China intends to open its first branch in Vienna in the near future, as its Chairman Tian Guoli recently said while visiting Vienna.

October 16, 2015

Nowotny: Extension of Bond Purchase Scheme can be Considered, though cautiously

Austria’s central bank governor Ewald Nowotny told Bloomsberg TV, that the European Central Bank should consider a tentative extension of the bond purchase scheme in the near future. Whether or not a loosening of the monetary policy was needed, would have to be examined in more detail, he opined.

September 23, 2015

Nowotny: ECB Remains Last Resort

ECB Council and Austrian central bank governor Ewald Nowotny warns against building too many bureaucratic nets with regard to the European bank winding-up mechanism. The central bank should remain lender of last resort in case of non-performing loans, Nowotny stressed during a conference of Austrian market supervisor FMA.

September 15, 2015

OeNB Confirms GDP Growth Forecast of 0.7 Percent for 2015

The Austrian national bank (OeNB) has confirmed its GDP growth forecast of 0.7 percent for 2015. The growth is under the average of the Eurozone, which could require additional stimuli OeNB governor Ewald Nowotny said in Alpbach. The OeNB governor pointed out that the development in Eastern Europe is positive for Austria.

September 4, 2015

Raiffeisen Research Comments on ECB’s Asset Quality Review of Austrian Banks

With regard to the ECB’s asset quality review of Austrian banks, according to Bloomberg ECB Governor Nowotny has stated that Austrian institutes will largely pass the tests. When asked about Volksbank and that it might fail the tests, Nowotny stated that it is no secret that there will be one institution that might have gaps that need filling but there are precautions taken.

October 23, 2014

Hanna Kordik Awarded the Prize for Outstanding Economic Journalism

Hanna Kordik was awarded the prestigious Horst Knapp Prize in a ceremony. The eulogy was delivered by Ewald Nowotny, Governor of Oesterreichische Nationalbank, in his capacity as chairman of an independent jury. The speaker at the award ceremony was the industrialist Hannes Androsch.

June 10, 2014

Situation for Austrian Banks in Russia is “Sensitive”

According to the latest statistics, Austrian banks are considerably more engaged in Russia than assumed so far. Debts to domestic financial institutes amount to € 50bn.

April 29, 2014

Hypo Group: Government Explains Downsizing Solution

On Tuesday the Austrian government will explain the decided downsizing solution for the ailing bank Hypo Group Alpe Adria. Carinthia only wants to pay € 300m in downsizing costs.

March 18, 2014

Austria: Spindelegger Demands Valid Figures by Hypo Group

Finance Minister Michael Spindelegger demands valid figures from Hypo Group Alpe Adria before any further capital injections will be made by the Austrian state.

March 15, 2014