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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

Analyst Expect Higher Q1 Profit for Uniqa

Analysts of Erste Group, JPMorgan and Raiffeisen Centrobank (RCB) concur that listed insurer UNIQA which is to present Q1 figures on Friday, will report a considerable hike of net and pretax profits.

May 20, 2015

Analysts Predict Profit Slip for RBI in Q1

Raiffeisen Bank International (RBI), the listed bank arm of the Raiffeisen group, will publish Q1 results on Thursday. Analysts of Erste Group, Kepler Cheuvreux, UBS, Citigroup and JPMorgan agree in their rather negative forecast, as they unanimously expect net profit and pretax profit to decrease considerably. Credit risk provisioning are not expected to have increased y/y though.

May 20, 2015

EU Spring Forecast: Austria with Second-Highest Inflation in 2015

According to the spring forecast of the European Union published on Tuesday, this year Austria will see a 0.8 percent inflation rate, the second-highest rate in EU.

May 5, 2015

Most Austrian Managers Pessimistic About 2015

2014 was good for the economy. A half of Austrian companies raised sales and profitability last year, according to a survey of management consulting firm Kienbaum. A third of companies raised the number of employees. However, the surveyed companies are much more pessimistic this year.

May 4, 2015

Bank Austria: Market Downswing of Austrian Industry Stopped

The downswing in the industrial sector in Austria has been stopped. Companies get more orders both in Austria and abroad, leading to higher output figures. Still, companies continue downsizing, economists of Bank Austria report.

April 29, 2015

Update Software's EBIT Slips into Loss Zone

Viennese IT firm update software AG which is to be turned into an ltd company and get delisted from the Frankfurt stock exchange, expects that the EBIT margin in Q1 2015 was negative at 25 to 30 percent, it follows from estimates made by the management on Monday.

April 21, 2015

Austrian Economy Picks up Slightly in Spring

The Austrian economy is picking up slightly in spring and the GDP likely grew by 0.2 percent q/q in Q1, Bank Austria said. The bank's economic indicator turned to a positive territory for the first time since November showing a slight improvement.

April 15, 2015

OVAG Bank Sells Loss-Making Romanian Unit

Partly-state owned bank OVAG sold its loss-making Romanian unit to Romania's Banca Transilvania with the deal closed on Tuesday.

April 7, 2015

RBI Raiffeisen Bank International May Post Loss in 2015

Listed bank RBI may close 2015 in the red due to the current group restructuring measure and maintain a higher level of provisions, the bank said. 2014 consolidated loss came to EUR 493 million (USD 540.9 million), RBI also said confirming preliminary figures.

March 25, 2015