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 […]
Raiffeisen Bank Internationals (RBI) Romanian affiliate has managed to increase its profit by more than 10 per cent.RBI said today (Weds) its department in the Eastern European (EE) country achieved profits of 83 million Euros in 2010, up by 12 per cent in a year.The Viennese institute which handles the international operations of Raiffeisenzentralbank […]
Three former Hypo Group Alpe Adria (HGAA) employees have been found not guilty of embezzlement.Ex-HGAA head Wolfgang Kulturer, former HGAA Austria chief Gert Xander and Albin Ruhdorfer, a former attorney of the bank, were acquitted at the Provincial Court in Klagenfurt, Carinthia, yesterday (Tues).The businessmen were accused of embezzlement concerning two controversial lending deals.HGAA […]
Raiffeisenzentralbank (RZB) chief Walter Rothensteiner has ruled out being interested in the acquisition of two struggling competitors.Rothensteiner told the Kurier newspaper today (Mon) that RZB had no intentions to approach Hypo Group Alpe Adria (HGAA) and Volksbank AG (ÖVAG about a takeover or a cooperation.The banker argued there would be “no sense” in acquiring HGAA […]
Bank Austria (BA) chief Willibald Cernko has revealed interest in Hypo Group Alpe Adria (HGAA).The banker said today (Weds) BA was interested in acquiring HGAAs Austrian business. He explained: “We are talking about 60,000 customers here. It would be highly ignorant not to consider this.”Cernko stressed there were “many requirements” before a possible takeover. The […]
Christian Baha is the sole owner of Austrian fund provider Superfund after co-chief Christian Halpers departure.Weekly magazine News reports today (Thurs) that Halper withdrew to open a vegetarian restaurant in Vienna later this year. Halper may have received a three-digit million-Euro amount by Baha, according to Austrian business newspapers.Baha is understood to plan managing Superfund […]
BAWAG PSK (BAWAG) boss Byron Haynes has said he will continue the current restructuring process.The former ABN AMRO CFO announced yesterday (Weds) BAWAG had to keep lowering its administration costs in the coming years.The Vienna-based institute achieved a net profit of 125.4 million Euros last year, the businessman added. It is the first time BAWAG […]
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 […]
Hypo Alpe Adria Italia has revealed plans to expand.The bank, which is part of Austrias Hypo Group Alpe Adria (HGAA), announced today (Mon) it wanted to focus on offering services to small and medium-sized enterprises (SME) in northern Italy. Hypo Alpe Adria Italia praised these firms as the “backbone” of the regions economy. It added […]
Outgoing Deutsche Bundesbank (German Federal Bank) boss Axel Weber has enjoyed a night at the opera as rumours about what he might be getting up to next are flying.The banker surprisingly announced his resignation as head of the Deutsche Bundesbank as of 1 May. Weber was previously thought to be in with a good chance […]