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OeNB Austrian National Bank

Austrian Mint to Pay EUR 564 Mln to Central Bank from 2015 Profit

The Austrian mint Münze Österreich AG, a 100 percent unit of central bank OeNB, will make a EUR 564 million (USD 635.5 million) payment to OeNB from 2015 profit.

April 15, 2016

OeNB: Austrian Banks Post EUR 5.2 Bln Net Profit in 2015

The Austrian banking sector posted a consolidated net profit of EUR 5.2 billion (USD 5.95 billion) in 2015, way above EUR 623.1 million profit in 2014, central bank OeNB said.

April 14, 2016

OeNB: Austria’s Banks Rank Low in EU with Regard to Capital

Austria’s banks have a poor capital cushion compared to their European peers, the Austrian central bank opines. Only banks in Italy, Spain and Portugal have smaller capital reserves than Austria’s banks do, Andreas Ittner, director of the national bank, told journalists.

April 13, 2016

OeNB - Inflation to Drop Further this Year

This year the rate of inflation in Austria will drop even further due to the low oil price. However, in 2017 it should grow substantially. The reason for the growth is the "base effect” expected to start in August, after 12 months cheap oil won't be effecting growth of prices any more.

April 5, 2016

Central Bank OeNB Cuts Base Rate to Negative 0.62 Pct

Austria's central bank OeNB will cut the base rate to 0.62 percent from 0.12 percent as of March 16, the bank said in a reaction to Thursday's decision of the ECB which cut the key rate to 0 percent.

March 11, 2016

Austria Budget to Receive EUR 437 Mln Payment from State Mint

Austria will collect a EUR 437 million (USD 488.85 million) payment from mint company Münze Osterreich, a unit of the Austrian central bank, the parliamentary budget committee decided Tuesday.

February 9, 2016

OeNB: No to Abolishing of EUR 500 Bill

Austria’s central bank Oesterreichische Nationalbank (OeNB) is against the abolishment of the 500-euro-bill, it follows from a statement of OeNB director Kurt Pribil, broadcast by ORF.

February 8, 2016

OeNB: Bank Lending Stable in Q4 2015

Austrian banks saw both corporate and private lending stabilize in Q4 2015, shows a quarterly survey conducted by central bank OeNB.

January 21, 2016

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

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