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).Net profit amounted to 58.7 million Euros, down by around 26.4 per cent compared to the first quarter of 2009.The reason was much […]
Romanian bank Banca Transilvania (BT) is going to list on the Vienna Stock Exchange (WBAG) after shareholders’ approval of the move.BT, listed on the Bucharest exchange since 1997, said today (Fri) the decision to list on the WBAG would make the company “more visible and more attractive to foreign investors.”Horia Ciorcila was re-elected president of […]
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.It is the first bank on the Romanian market that announces the move after the Romanian government earlier this week said it would impose a European […]
Volksbank bosses have denied reports the bank faces nationalisation as losses soared dramatically last year.Volksbank AG (ÖVAG) chief Gerald Wenzel said the search for a strategic partner was ongoing in the banks bid to pay back the millions of state aid it received over the past few months to get through the economic crisis.Wenzel refused […]
Austrian National Bank (OeNB) Governor Ewald Nowotny said the rescue plan agreement “defused” the situation of cash-strapped Greece.Nowotny met with Austrian President Heinz Fischer today (Tues) to inform him about recent developments on the Austrian and European financial market.The OeNB boss said afterwards, referring to the rescue plan European Union (EU) leaders had agreed about […]
Austrians save more than the European average, new figures show.Federal statistics agency Statistik Austria said yesterday (Weds) Austrians put eleven per cent of their incomes into saving accounts last year while the average European Union (EU) rate was 5.5 per cent. And 8.3 per cent of incomes in the Eurozone the 16 European […]
Romanian bank Banca Transilvania has plans to get listed on the Vienna Stock Exchange (WBAG), online newspaper Romanian Times has reported.The news platform reports today (Fri) that the possible move will be discussed at a shareholders meeting on 28 April.The institute has been traded on the Bucharest Stock Exchange since 1997.The European Bank for Reconstruction […]
Bosses at the Bank für Tirol und Vorarlberg (BTV) said today (Fri) the institutions profit had soared year on year in 2009 after what they described as “a very difficult 2008”.The provincial banks annual profit before taxes jumped by 2.3 per cent last year compared to 2008 figures to 51.3 million Euros.BVT increased its equity […]
Raiffeisen Internationals (RI) Romanian subsidiary suffered 75 per cent year on year losses in 2009, it has been announced.Online newspaper Romanian Times has reported today (Weds) that Raiffeisen Bank Romania had a net profit of 40 million Euros last year. The institute also reported losses of two million Euros in the last quarter of 2009.The […]
Savings accounts were the investment vehicle of choice for Austrians last year, new research has shown.According to results of a new poll by GfK Austria released today (Weds) 52 per cent of Austrians put available money into them in 2009.That percentage compares to the 15 per cent of Austrians who chose to put money into […]