VIENNA, March 13 (Reuters) – Nationalised Austrian
lender Hypo Alpe Adria aims to return to health without needing
more state aid, it said while again skipping payouts on capital
because it posted a 2011 loss under Austrian accounting rules.
“Our goal is to not burden the taxpayers any more,” Chief
Executive Gottwald Kranebitter told reporters on Tuesday after
the country’s sixth-largest bank swung to a profit under
international accounting standards.
VIENNA, March 10 (Reuters) – Greece’s successful debt
restructuring paves the way for a second international aid
package for the country but may require more support for a
state-owned Austrian bank, European Central Bank policymaker
Ewald Nowotny said.
“A clear success has been achieved here. Greece’s debt
burden will be lessened, but of course on the other side there
are still challenges and that is why this 130 billion (euro) aid
package is being activated,” he said in an interview aired by
Austrian radio on Saturday.
VIENNA, March 9 (Reuters) – UniCredit is off
to a good start this year in emerging Europe, where the Italian
bank is the leading lender, Chief Executive Federico Ghizzoni
He said the group can retain its leading position in the
region whithout having to care too much about what rivals do,
and dismissed as “totally ungrounded” talk that the bank could
divest key assets such as Bank Austria or Germany’s HVB.
VIENNA, March 6 (Reuters) – Austria’s fiscal
consolidation programme that aims to balance the budget by 2016
will not alter the country’s borrowing plans this year, the head
of the national debt office told Reuters.
The government approved and sent to parliament on Tuesday a
package of spending curbs and tax hikes aimed at raising nearly
28 billion euros ($37 billion), which officials hope will
convince financial markets of Austria’s fiscal stability.
VIENNA, Feb 29 (Reuters) – Erste Group Bank,
emerging Europe’s second-biggest lender, forecast improved
operating results for this year as provisions for bad debts fall
from elevated 2011 levels and its Hungarian headache eases.
The upbeat outlook and news the Austrian bank had already
nearly reached the core capital level big European lenders must
reach by mid-2012 supported its shares, which rose nearly 5
percent, the biggest gainers among bank sector peers.
VIENNA, Feb 28 (Reuters) – Austria aims to sell by
2017 the big minority stake in Volksbanken AG it will
get by rescuing the ailing lender in a bailout funded by fellow
banks, Finance Minister Maria Fekter said.
Austria would also have to help nationalised lender
Kommunalkredit sort out its Greek debt exposure this year, she
told reporters on Tuesday.
VIENNA, Feb 23 (Reuters) – Telekom Austria AG
wants to claw back 20 million euros ($26.5 million)
from people suspected of bilking the company in a web of
corruption scandals that have damaged its image, Chief Executive
Hannes Ametsreiter said.
Near-daily headlines about allegations of slush funds,
political payoffs and share price manipulation have beset
Telekom Austria for months and prompted a separate round of
discussion at its annual results news conference on Thursday.
VIENNA/LONDON, Feb 22 (Reuters) – Austria’s energy
company OMV AG expects the consortium in charge of the
Shah Deniz II gas field in Azerbaijan to decide definitively on
a pipeline partner by mid-2013 to transport its gas to Europe,
OMV’s Chief Executive said on Wednesday.
BP operates the Shah Deniz II gas field, containing
some 1.2 trillion cubic metres of gas, and holds a 25.5 percent
stake, as does Statoil, with the rest divided between
SOCAR, LUKOIL, NICO, Total and TPAO.
VIENNA, Feb 22 (Reuters) – Austrian energy group OMV
will try to get its oil output from Libya above
pre-war levels this year, the company said while reporting
fourth-quarter results that easily beat market expectations.
“In the international portfolio, OMV will seek to bring
Libyan production back to pre-crisis level and beyond,” it said
in its 2012 outlook.
VIENNA, Feb 21 (Reuters) – Austria’s Wienberger
, the world’s largest brickmaker, expects to remain
profitable this year, helped by higher prices and demand from
homebuilders in France and Germany, after earning more than
expected in 2011.
The Vienna-based company did not provide a detailed outlook
for 2012 after posting 2011 net profit of 41 million euros
($54.39 million), up from a 35 million euro loss a year earlier.