OeNB Austrian National Bank

Volksbanken Merger: Schelling Calls Emergency Meeting

Finance Minister Hans Jörg Schelling announced a crisis meeting for Monday, 10:30, with regard to the merger in the Volksbank banking sector, daily Oberösterreichischen Nachrichten (OÖN) reports in its Friday issue. The heads of three rebellious banks, the units for Almtal (Upper Austria), Gmünd (Carinthia) and Osttirol-Westkärnten have been summoned to Vienna.

May 15, 2015

Assets of Austrians Worth EUR 572 Billion in 2014

The financial assets of Austrian households increased by 2.7 percent y/y to EUR 572.4 billion (USD 620.2 billion) in 2014, the central bank Oesterreichische Nationalbank (OeNB) estimates. The growth was due to the acquisition of financial assets (EUR 9.7 billion) and due to a higher evaluation of securities (EUR 5.4 billion).

April 28, 2015

Austrian Central Bank Puts Up For Sale Three Residential Properties

Austria's central bank OeNB put up for sale three residential properties in "best locations" in Vienna with a combined spaec of 3.2k sqm, OeNB said in a statement on Wednesday.

April 17, 2015

OeNB: Only Slight Economic Recovery in 2015 in Austria

The Austrian central bank (OeNB) expects that this year economic growth in Austria will speed up only slightly. The Austrian economy may grow at a lower pace than German economy or the Eurozone. Nevertheless, the general situation of the Austrian economy is better than the sentiment aming consumers and companies an analysis of OeNB economists points out.

March 12, 2015

ECB Unleashes Quantitative Easing - How does it work?

Today, the ECB finally commenced on a large scale sovereign bond-buying programme. The €60bn monthly asset purchases include covered bonds and asset backed securities. Due to the flood of cheap money, the DAX was boosted. The index increased by up to one per cent to a record high of 10,399.67 points. Quantitative easing is a monetary policy where a central bank creates new money electronically to buy financial assets. The aim is to stimulate an economy when standard monetary policy has become ineffective. How does it work?

January 22, 2015

Forecast for CESEE Countries (Webinar)

Central, Eastern and Southeastern Europe (CESEE) have been strongly affected by the economic crisis. However now there are signs of an improving economic climate and growth rates will again be above the EU average. The current situation in the Ukraine and potential difficulties between the EU and Russia constitute a downside risk.

June 24, 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

Austrian Banking Sector Making Losses

For the first time in 2013, the Austrian banks made losses in the amount of € 1.035bn.

April 29, 2014

RBI Gets Rid of Public Shareholder

After tough negotiations with the Austrian financial market supervision, the Vienna-listed CESEE lender Raiffeisen Bank International repays about the half of the participation capital.

April 25, 2014