OeNB

OeN: Austrian Banks Must Raise Capital, CEE Earnings to Stay Under Pressure

Austrian banks have to continue cost structure improvement measures and build up capital, the central bank OeNB recommends in the financial market stability report presented in Vienna. Banks' profitability remained under pressure in 2014, with earnings on Eastern activities declining significantly, mostly due to the worse credit quality, FX loans issues and the Russia/Ukraine crisis.

July 8, 2015

OeNB Raises Austrian Growth Forecast for 2016

Oesterreichische Nationalbank (OeNB) published the growth forecast for 2015 and 2016. This year the growth rate is seen at 0.7 percent, whereas the prediction for next year has been increased to 1.9 percent, from earlier assessments of 1.6 percent. The central bank analysts expect a growth of 1.8 percent for 2017.

June 8, 2015