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OeNB Austrian National Bank

Austrian Banks Need EUR 5 Bln Tier 2 Capital

Austrian banks need EUR 5 billion (USD 6.2 billion) Tier 2 capital in the coming years, despite the low profitability, central bank OeNB deputy head Andreas Ittner told journalists on Monday.

December 15, 2014

Austria to Set up EU Bank Resolution Fund by FMA or Central Bank

Austria will likely set up the bank resolution fund, as per the EU requirements under which a joint European fund will be established, either by the financial market authority FMA or central bank OeNB, according to information obtained by APA.

December 9, 2014

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

Austrian Central Bank Sold Off Bank Flats

The central bank OeNB has completed the sale of flats owned by the bank properties with a floorspace of 18,762 square metres. The buyer of four properties in Vienna is insurance company Städtische Versicherung, whereas Graz properties have been acquired by Venta Consulting.

December 3, 2014

OeNB to Cut 2015 GDP Growth Forecast to Just Over 1 Pct

Austria's central bank OeNB will cut its GDP growth forecast for Austria for 2015 in the coming weeks to just over 1 percent from the latest prediction of 1.9 percent, OeNB head Ewald Nowotny said Thursday.

November 28, 2014

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
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