VIENNA, Oct 12 (Reuters) – UniCredit unit Bank
Austria sees limited parallels with rival Erste Group Bank
, which warned on profit this week after taking big
writedowns in Hungary and Romania, its chief financial officer
Bank Austria, emerging Europe’s leading lender, continues to
look at goodwill on its balance sheet, especially for operations
in places like Ukraine and Kazakhstan, CFO Francesco Giordano
told Reuters on Wednesday on the sidelines on a financial
VIENNA (Reuters) – Erste Group Bank AG (ERST.VI: Quote, Profile, Research, Stock Buzz), emerging Europe’s second-biggest lender, said it would lose up to 800 million euros ($1 billion) this year and not pay a dividend after taking hits on foreign-currency loans in Hungary and euro zone sovereign debt.
It unveiled big goodwill writedowns in key markets Hungary and Romania and took another blow from changing the way it values off-balance-sheet credit default swaps.
VIENNA, Oct 10 (Reuters) – East European lender Erste Group
Bank warned on Monday it would make a net loss this
year of up to 800 million euros ($1 billion) and not pay a
dividend after taking hits on its foreign currency loans in
Hungary and euro zone sovereign debt.
The Austrian bank’s shares were down more than 14 percent at
17.75 euros by 0850 GMT, when the Stoxx 600 Europe banking
sector index was down less than 0.7 percent.
VIENNA, Oct 5 (Reuters) – Austrian banks are set to keep
state capital they secured during the financial crisis longer
than first planned to ensure they have the strength to withstand
shocks spawned by Europe’s debt crisis, financial and
supervisory sources said.
No new crisis cases along the lines of Belgian-French lender
Dexia have emerged in Austria, where officials are
keeping a close eye on nationalised bank Hypo Alpe Adria
and EU stress test flunker Oesterreichische
Volksbanken AG (OTVVp.VI: Quote, Profile, Research, Stock Buzz).
VIENNA (Reuters) – The global sovereign debt crisis is undermining banking supervision by torpedoing a basic tenet — that government debt in a banks’ home currency represents zero risk when it comes to calculating capital buffers, top experts warned on Monday.
If governments cannot convince markets that public debt is solid, banks will pay the price in higher costs of capital and perhaps even be forced to make stock placements at fire-sale prices, banking officials told a panel discussion on the financial crisis and bank supervision, organized by bodies including the Austrian National Bank.
VIENNA (Reuters) – Austria’s opposition Greens want sweeping changes to international finance rules and domestic policy in return for giving their crucial support to the creation of the euro zone’s permanent bailout fund in 2013, a leading party member said.
The governing coalition of Social Democrats and conservatives won parliamentary approval on Friday for beefing up the region’s current rescue fund — the European Financial Stability Facility (EFSF) — with just a simple majority.
ISTANBUL/VIENNA Sept 22 (Reuters) – Looted camps and poor
logistics are going to make returning to Libya slow and arduous,
oil and gas group OMV said on Thursday, predicting it
could take up to 18 months for production to normalise.
OMV, which got about a tenth of its oil from Libya last
year, will send a team to the North African country in the next
few days to inspect its facilities and meet the new head of the
state National Oil Corp, CEO Gerhard Roiss said.
VIENNA (Reuters) – There is political consensus in Japan to cut the country’s reliance on nuclear power but there needs to be a public debate on how to proceed, a senior Japanese government official told the U.N.’s atomic agency on Monday.
Nuclear Disaster Minister Goshi Hosono was speaking hours after 60,000 demonstrators marched in Tokyo to demand an exit from atomic energy after the Fukushima plant catastrophe.
VIENNA (Reuters) – The United States and Iran traded accusations at a meeting of the U.N. atomic agency on Monday, underlining the deep deadlock between the two adversaries in a long-running dispute over the Islamic state’s nuclear program.
In speeches to the annual member state gathering of the International Atomic Energy Agency, Iranian nuclear energy chief Fereydoun Abbasi-Davani and U.S. Energy Secretary Steven Chu took aim at the policies of their respective countries.
VIENNA (Reuters) – The head of Vienna’s Roman Catholic community ruled out sweeping changes demanded by dissident priests and said there could be “serious conflict” if they defied Church teaching on celibacy or give communion to remarried divorcees.
Vienna Cardinal Christoph Schoenborn said he would not lead his diocese into a schism with leaders in the Vatican by letting priests flout Church rules after a group of priests issued a “Call to Disobedience” manifesto to try to press reform.