Finance
31. 01. 12 - 15:51
HGAA hopes for black 2011
Hypo Group Alpe Adria (HGAA) managed a solid performance, according to its CEO.
Erste Bank boss attacks political leaders
The head of Austria’s biggest bank has once more harshly criticised the country’s political elite. [...]
Sberbank keeps lowering VBI purchase price
The sum Volksbank AG (ÖVAG) could receive from Sberbank for Volksbank International (VBI) keeps decreasing. [...]
All-round acclaim for financial transaction tax
A vast majority of Austrians want a tax on financial transactions. [...]
The head of one of Central Europe’s biggest banks has sent shockwaves across the continent by saying he expects Greece to leave the Eurozone. [...]
BA scraps expansion plans for two EE countries
Bank Austria (BA) has put parts of its Eastern European (EE) expansion on hold. [...]
ÖVAG plans drastic workforce level reduction
Volksbank AG (ÖVAG) plans to dismiss one in five employees in a desperate attempt to avoid going bust. [...]
EBA check causes Erste Bank trimming
Austria’s biggest bank has revealed plans to reduce its workforce level in Hungary. [...]
BA boss wants clear signal from EU
Bank Austria (BA) chief Willibald Cernko has called on European Union (EU) leaders to unite and send a "clear signal". [...]
Cash-strapped ÖVAG could exit real estate financing
One of Austria’s leading banks may pull out of property deals in a desperate attempt to avoid bankruptcy. [...]
Austria’s biggest banks must increase their capital resources to weather a possible worsening of the economic climate. [...]
UniCredit losses put BA under pressure
Bank Austria (BA) chief Willibald Cernko has said he plans to reduce the financial institute’s workforce level to get through the crisis. [...]
Volksbank AG (ÖVAG) will sack hundreds of employees in the coming two and a half years, according to a report. [...]
Buying bank shares is an option, minister admits
People’s Party (ÖVP) Economy Minister Reinhold Mitterlehner has revealed that Austria would acquire banking stocks to save the finance institutes from [...]
Struggling Hypo Group Alpe Adria (HGAA) withdraws from nautical leasing operations in Southeast Europe. [...]
Rumours that Volksbank AG (ÖVAG) may be nationalised are increasing after the bank warned of immense losses. [...]
Erste Group Bank AG (Erste Bank) has increased its interest in Banca Comerciala Romana (BCR). [...]
VBI deal kicks off Sberbank's European expansion
The international operations of the only Austrian bank which failed the most recent stress test on financial institutes in Europe have been taken over [...]
Raiffeisen Bank International (RBI) chief Herbert Stepic has revealed the bank has an exposure of more than 3.6 billion Euros in Europe’s five most ec [...]
New charges against former Hypo bank boss Kulterer
The state prosecution Klagenfurt, Carinthia has presented new charges of infidelity against the former head of the scandal-ridden Carinthian Hypo Alpe [...]
BA boss warns despite rise in profit
Bank Austria (BA) chief Willibald Cernko has pointed out the finance institute’s performance has not reached pre-crisis levels yet. [...]
Sinn warns of Eurozone 'self-service shops'
One of Europe’s most influential economists has unleashed an extraordinary attack on the continent’s political elite. [...]
Sick banker to file lawsuit against state
A banker found guilty of accounting fraud and embezzlement in a controversial trial plans to sue the state, it has emerged. [...]
A leading bank plans to introduce near field communication (NFC) in Austria. [...]
A leading Austrian bank has failed Europe’s most recent stress check as press claim that the check "looks doomed to irrelevance." [...]