Finance, page 9

• Austrian banks 'will not flee Greece'
  The chiefs of Austria’s biggest banks ensured they would not reduce investments in financially struggling Greece.
• Pröll wants banks on board in helping Greece
  Austrian People’s Party (ÖVP) Finance Minister Josef Pröll has said he is planning to get banks on board to help financially struggling Greece.
• Banca Transilvania to list on WBAG
  Romanian bank Banca Transilvania (BT) is going to list on the Vienna Stock Exchange (WBAG) after shareholders' approval of the move.
• BCR's Q1 net profit slumps
  Austrian Erste Group's Romanian subsidy Banca Comerciala Romana (BCR) had a decline of 26.4 per cent in net profit in the first quarter of this year, according to company data released today (Fri).

• Erste's BCR first bank to drops early repayment loan fee
  Austrian Erste Group's subsidiary Banca Comerciala Romana (BCR) announced it has dropped the early repayment fee for newly contracted bank loans if they are without guarantees and with variable interest.
• Raiffeisen Styria turnover and credit volume up in 2009
  Raiffeisen’s Styrian banking group reports increased turnover and saving deposits in 2009.
• Austrian financial market watchdog bans two firms
  Austrian financial market watchdog FMA has banned two international investment companies from making business in Austria.
• RI's Romanian subsidy fined €3.4mn
  Austrian Raiffeisen International (RI)’s Romanian subsidy Raiffeisen Bank has been fined 3.4 million Euros by the Romanian Competition Council.

• Volksbank boss rules out nationalisation over 2009 losses
  Volksbank bosses have denied reports the bank faces nationalisation as losses soared dramatically last year.
• BA denies Strache's data release claims
  Bank Austria (BA) officials have rejected claims by Freedom Party (FPÖ) leader Heinz-Christian Strache that customers’ data were at risk after it relocated its data centre to Italy.
• OeNB chief welcomes EU's Greece agreement
  Austrian National Bank (OeNB) Governor Ewald Nowotny said the rescue plan agreement "defused" the situation of cash-strapped Greece.
• Greece owes Austrian banks €4.5bn
  Cash-strapped Greece is deeply in debt with Austrian banks, it has emerged.

• Austrians save more money than EU average
  Austrians save more than the European average, new figures show.
• Erste Group's BCR bags €10mn loan
  Banca Comerciala Romana (BCR) is taking out a new loan of 10 million Euros from the European Bank for Reconstruction and Development (EBRD), according to the Romanian Times.
• BTV back on track after 'difficult' 2008
  Bosses at the Bank für Tirol und Vorarlberg (BTV) said today (Fri) the institution’s profit had soared year on year in 2009 after what they described as "a very difficult 2008".
• Banca Transilvania eyes WBAG move
  Romanian bank Banca Transilvania has plans to get listed on the Vienna Stock Exchange (WBAG), online newspaper Romanian Times has reported.

• Raiffeisen Romania suffers massive losses
  Raiffeisen International’s (RI) Romanian subsidiary suffered 75 per cent year on year losses in 2009, it has been announced.
• RZB denies financial straits as RI gets back on board
  Raiffeisenzentralbank (RZB) boss Walter Rothensteiner has claimed plans to merge RZB with its sister bank Raiffeisen International (RI) have nothing to do with financial difficulties.
• Stricter foreign currency loan rules announced
  Foreign currency loan regulations have been tightened, the Austrian Financial Market Supervisor (FMA) said yesterday (Mon).
• RLB Upper Austria boss encourages Austrian firms active in CEE
  The head of Raiffeisen bank’s Upper Austrian department has appealed to companies with investment in Central and Eastern Europe (CEE) not to be intimidated by recession.

• RI's Croat subsidiary gets €30mn credit
  Raiffeisen International’s (RI) Croatian subsidiary Raiffeisenbank Austria d.d. received a 30-million-Euro credit by the German Investment and Development Society (DEG), it was announced.
• BAWAG puts on brave face over 2009 losses
  Bank bosses at BAWAG PSK said it had losses of 22.2 million Euros in 2009 but added this was better than the previous year which saw losses of 547.5 million Euros.
• BA net profit down 10 per cent
  Bosses at Bank Austria (BA) reported yesterday (Weds) that the bank had suffered a decline of 10 per cent in net profit year on year to 1.152 billion Euros in 2009.
• People who defrauded Erste's BCR face trial
  Romanian anti-corruption prosecutors have sent to trial 175 defendants accused of having defrauded Austrian Erste Group's subsidiary Banca Comerciala Romana (BCR) of three million Euros by obtaining credit using fake documents.

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