Bank Austria (BA) has decided to abstain from taking over struggling rival Hypo Group Alpe Adria (HGAA), according to a report.The Kurier newspaper writes today (Fri) that BA decided not to acquire HGAAs Austrian department. Only in March, the BA CEO Willibald Cernko said it would be “highly ignorant” to rule out an investment due […]
Raiffeisen Bank International (RBI) prepares to fork out more than 100 million Euros of extra taxes to the Austrian government this year.The bank which handles the international operations of Raiffeisenzentralbank (RZB) said today (Fri) it expected additional taxes of 130 million Euros in 2011 due to the new Austrian bank solidarity levy. The […]
Bank Austria (BA) bosses have revealed plans to introduce a service based on the functions of mobile phones of the latest generation.BA private customer’s head of agendas Rainer Hauser said today (Tues) customers will be able to use the programme called SmartBanking with their smartphones over the internet, but also via post and fax.The model […]
Bank Austria (BA) bosses have said they wanted to increase the institutes focus on private clients in Burgenland.New BA Burgenland chief Andrea Staufer-Waldert said today (Weds) that the bank currently has 52,000 private customers in the eastern province. She added that BAs 13 branches in Burgenland were serving more than 2,100 small and medium-sized enterprises […]
Bank Austria (BA) CEO Willibald Cernko has warned tougher rules and new taxes could make it more difficult for banks to find investors.The former HypoVereinsbank manager said today (Weds): “I think the debate over investors should have an Austrian background or come from abroad is totally misleading. The decisive question will be whether we (the […]
Volksbank AG (ÖVAG) boss Gerald Wenzel has said his bank has achieved a turnaround after some difficult years.ÖVAG suffered losses of 1.123 billion Euros after taxes last year. Wenzel announced today (Mon) the institute achieved a net turnover of 56.6 million Euros in the first nine months of this year.Wenzel said he expected ÖVAG to […]
Former Hypo Group Alpe Adria (HGAA) chief Wolfgang Kulterer is considering asking for compensation over his three-month custody.The bankers lawyer Ferdinand Lanker said today (Mon) he may ask for financial compensation for his client since he doubted the righteousness of his custody.Kulterer was arrested and put in custody in Klagenfurt in August before being released […]
A minor earthquake shook the Wachau region in Lower Austria last night (Mon).Experts at the Centre for Meteorology and Geodynamics (ZAMG) in Vienna announced today the eruptions near the town of Melk reached 2.5 on the Richter scale.They pointed out it was unlikely that the quake, which occurred shortly past 9pm, caused any damage to […]
BAWAG boss Byron Haynes has denied claims Cerberus Capital Management considered leaving the Austrian bank sooner than planned following the introduction of stricter banking regulations.Haynes stressed today (Weds) speculations that the US American investor would sell BAWAG sooner than expected because of the Basel III agreement were wrong. Cerberus committed to remain on board for […]
A Bank Austria (BA) official has revealed he was “alarmed” by the retirement of UniCredit boss Alessandro Profumo.Profumo, who announced yesterday (Tues) he would step down, has been heavily criticised for failing to prevent Libyan state bodies increase their stake in the Italian institute to 7.5 per cent.The Italian banker guaranteed UniCredits subsidiary BA it […]