VIENNA (Reuters) – Austria’s Erste Group Bank (ERST.VI: Quote, Profile, Research, Stock Buzz) surprised the market with a noticeable improvement in bad loans ahead of a key health check by the European Central Bank, lifting its shares on Wednesday.
Its non-performing loans (NPL) ratio fell to 9.6 percent in the third quarter from 9.7 percent a quarter earlier, helped by the first decline in Romania since the start of the financial crisis.
VIENNA, Oct 30 (Reuters) – Erste Group Bank
confirmed its full-year outlook for lower profit and risk
provisions on Wednesday, saying it still expected central and
eastern European economies to improve.
The bank, a leading lender in the region, reported a 3
percent rise in third-quarter net profit after minorities to 129
million euros ($178 million), missing the average estimate of
148 million in a Reuters poll.
VIENNA, Oct 23 (Reuters) – Austro-Canadian billionaire Frank
Stronach is to retire from Austrian politics after a year-long
adventure that culminated in a poor poll showing and the near
self-destruction of his party.
The maverick 81-year-old industrialist scored a
disappointing 6 percent in national elections last month, after
voter disenchantment with the centrist status quo had propelled
him as high as 10 percent in early opinion polls.
VIENNA (Reuters) – Telekom Austria may have to risk its credit rating, which it said earlier this year was its top priority, to raise debt for a costly frequency auction, its chief executive said.
The company said late on Monday it would pay 1.03 billion euros ($1.41 billion) to buy half the spectrum on offer in an auction for Austrian fourth-generation frequencies, almost three times as much as most analysts had expected.
VIENNA, Oct 21 (Reuters) – Austria raised 2.01 billion euros
($2.75 billion) in an auction for fourth-generation telecoms
frequencies which was among the costliest in Europe to date and
totalled almost four times the amount targeted.
The telecoms watchdog said on Monday Telekom Austria
paid 1.03 billion euros for 14 frequency blocks,
Deutsche Telekom’s T-Mobile 654 million for 9 blocks
and Hutchison Whampoa’s H3G 330 million for five.
VIENNA (Reuters) – Telekom Austria (TELA.VI: Quote, Profile, Research, Stock Buzz) will pay around 1 billion euros ($1.4 billion) for new telecoms spectrum in an auction that will net around 2 billion euros for the government, a newspaper reported.
Austria’s WirtschaftsBlatt, citing well-informed sources, said Deutsche Telekom’s (DTEGn.DE: Quote, Profile, Research, Stock Buzz) T-Mobile Austria would pay 700 million euros and Hutchison Whampoa’s (0013.HK: Quote, Profile, Research, Stock Buzz) H3G would hand over 300 million.
VIENNA, Oct 21 (Reuters) – Telekom Austria will
pay around 1 billion euros ($1.4 billion) for new telecoms
spectrum in an auction that will net around 2 billion euros for
the government, a newspaper reported.
Austria’s WirtschaftsBlatt, citing well-informed sources,
said Deutsche Telekom’s T-Mobile Austria would pay
700 million euros and Hutchison Whampoa’s H3G would
hand over 300 million.
VIENNA/FRANKFURT, Oct 9 (Reuters) – Telekom Austria
is set to pull out of the bidding for Serbian cable
operator SBB due to uncertainty over how much it will have to
pay for new frequencies on its home turf, a source close to the
Results of an Austrian frequency auction likely to cost
Telekom Austria hundreds of millions of euros are expected only
next week, two industry sources said, but binding bids for SBB
are due on Thursday, according to a financial source.
VIENNA (Reuters) – Austrian oil and gas group OMV (OMVV.VI: Quote, Profile, Research, Stock Buzz) is committed to Libya despite conflict that has disrupted production and caused some oil majors to abandon projects there, its chief executive said.
Gerhard Roiss said production lost in Libya in the third quarter through labor strikes, militias and political activists that blocked oil fields and ports amounted to less than half a percent of total annual group production.
VIENNA (Reuters) – Lucian Freud did not live to see the first exhibition of his paintings in Vienna, the city his grandfather Sigmund fled in 1938, but he helped plan the retrospective that opens this week.
Freud, considered the greatest British painter of his generation, moved with his family from Berlin to London in 1933 to escape the rise of Nazism. Four of his great-aunts were killed in concentration camps during the Holocaust.