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RBI: Analysts Predict No Dividend in 2015

Problems in Russia and Ukraine took their toll on listed Raiffeisen Bank International (RBI) in 2014. The bank is expected to report a net loss for the past year. The preliminary whole-year figures shall be disclosed on Monday and analysts of Barclays, Citi, Goldman Sachs and UBS think a dividend for 2014, and even for 2015, unlikely.

February 6, 2015

RBI Facing Impairment for Russian Unit

Listed bank RBI was hit by the plunge of the Russian rouble and is facing an impairment for the local unit, the bank said in a filing on Monday giving no specific amounts.

January 7, 2015

Banca Transilvania Reportedly Interested in ÖVAG Romania

Partially state-owned Austrian Volksbanken AG (ÖVAG), destined for dismantling, has reportedly found a buyer for its loss-making subsidiary in Romania.

November 26, 2014

ÖVAG Launches Sale of Domestic Leasing and Factoring Firms

Partially state-owned Volksbanken AG (ÖVAG), which is to be wound up soon, launched the sell off of its subsidiaries VB Leasing FinanzierungsgesmbH and VB Factoring Bank AG last week. Next year OVAG will get its bank license revoked, so it has to start selling units, spokesperson Petra Roth told APA on Monday, confirming a report featured by Bloomberg.

November 24, 2014

Raiffeisen CEO Rothensteiner Still Expects Profit this Year

The head of Raiffeisen Zentralbank and Raiffeisen Bank International supervisory board chair Walter Rothensteiner finds that there are no indications that RBI will not be able to return to the profit zone next year. This year’s loss is a one-off issue, resulting from the situation in Hungary and Ukraine, Rothensteiner was quoted by "Kurier” in the daily’s Tuesday issue.

October 21, 2014

RBI Revises Expected Provisioning Requirement

Vienna based Raiffeisen Bank International AG (RBI) has revised its outlook for the net provisioning requirement for the current financial year to between EUR 1,500 and EUR 1,700 million, primarily due to higher expected risk costs in Ukraine in light of ongoing political tensions in the region.

September 23, 2014

Buwog Reports Pro-Forma Profit of EUR 111.8 Mln in FY 2013/14

Real-estate group Buwog, listed on the Vienna Stock Exchange since the end of April, after being divested from Immofinanz, generated a pro-forma profit of EUR 111.8 million in FY 2013/14 (ended on 30.04). The profit per share would thus amount to EUR 1.12. The asset management segment generated a profit of EUR 75.9 million, whereas the property sales segment generated EUR 34 million and property development division generated EUR 4.9 million.

September 1, 2014

OMV's New Gas Strategy Being Prepared

Listed oil and gas giant OMV wants to prepare its new gas strategy in the next 6-12 months, CEO Gerhard Roiss told the daily WirtschaftsBlatt in an interview. Roiss would not say if this could mean the sale of unit EconGas, nor would he comment on the rumours on a potential spinoff of the gas and power segment. He reiterated that the planned South Stream gas pipeline lies "in the interest of political Austria.

August 22, 2014

Voestalpine to Supply at Least 400k Tonnes of Special Iron to Altos Hornos de Mexico

Listed steel group voestalpine signed a contract for supplying of 400k tonnes of hot briquetted iron (HBI) with an option for another 250k tonnes from its Texas plant to Mexican steel producer Altos Hornos de Mexico, the company said in a statement.

August 21, 2014

Andritz: Slight Sales Increase in H1 2014 Attributable to Schuler Group

Technology Group Andritz showed slight sales increase in the first half of 2014 in a still challenging overall economic environment. Sales increased by +1.9%. The order intake amounted to +18.0%. EBITA amounted to +37.7% and the EBITA margin was 5.0%.

August 7, 2014
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