VIENNA, June 17 (Reuters) – Austrian “bad bank” Heta Asset
Resolution had a capital shortfall of 7 billion euros
($7.9 billion) at the end of 2014 after writing down overvalued
assets, at the upper end of the gap originally estimated at
4-7.6 billion euros.
The size of its capital hole will help determine the extent
of debt “haircuts” that its creditors face.
VIENNA, June 15 (Reuters) – European Central Bank Governing
Council member Ewald Nowotny acknowledged on Monday calculating
the costs of a Greek exit from the euro zone, a rare admission
from a central banker as Athens struggles to reach a deal with
His comments underscored the sense of urgency in Europe.
Germany’s EU commissioner said it was time to prepare for a
“state of emergency” after talks fell apart at the weekend to
rescue Greece from default and possible exit from the euro.
BUDAPEST/VIENNA, June 12 (Reuters) – Austrian Erste Group
is on track to acquire Citigroup Inc’s Hungarian
retail portfolio, several banking sources told Reuters.
Under a deal with Prime Minister Viktor Orban’s government,
Erste affirmed its commitment to Hungary in February, pledging
to boost lending in return for a cut in a heavy bank tax and
other conciliatory measures.
VIENNA, June 2 (Reuters) – New capital requirements that the
Austrian authorities will impose on their big banks are
undermining dividend prospects and underscore the fragmented
approach being taken to regulating the sector, despite efforts
to foster a European banking union, analysts and officials said
The national Financial Market Stability Board said Erste
Group, Bank Austria, Raiffeisen Zentralbank
and Raiffeisen Bank International should hold
an extra 3 percentage-point capital cushion by mid-2017.
VIENNA (Reuters) – Iran has provided some information about one of two open items in a U.N. nuclear watchdog investigation into whether it may have researched an atomic bomb, the International Atomic Energy Agency reported on Friday.
The confidential IAEA report, obtained by Reuters, said Tehran had “shared some information in relation to one of these measures. The Agency and Iran agreed to continue the dialogue on these practical measures and to meet again in the near future.”
VIENNA, May 29 (Reuters) – Iran has provided some
information about one of two open items in a U.N. nuclear
watchdog investigation into whether it may have researched an
atomic bomb, the International Atomic Energy Agency reported on
The confidential IAEA report, obtained by Reuters, said
Tehran had “shared some information in relation to one of these
measures. The Agency and Iran agreed to continue the dialogue on
these practical measures and to meet again in the near future.”
VIENNA, May 27 (Reuters) – Austrian bank supervisors did
what they could with the powers then available to keep problem
bank Hypo Alpe Adria on the rails in the “gold rush” era before
the global financial crisis, a senior central banker testified
Supervisors’ role is under scrutiny in a parliamentary
investigation into the meteoric rise and spectacular fall of
Hypo in Austria’s biggest post-war financial scandal.
VIENNA/FRANKFURT, May 27 (Reuters) – It took years and a
small fortune for U.S. investor Cerberus Capital Management
to polish Austrian lender BAWAG PSK into a
retail gem. The question now is whether it wants to try to
repeat the trick with Deutsche Postbank.
The German retail bank is slated to be sold by Deutsche Bank
by the end of next year and investment bankers have
long pitched the idea of combining BAWAG PSK and Postbank, which
use post offices as outlets for selling financial services
VIENNA, May 22 (Reuters) – A group of conservative Austrian
lawmakers has broken with the party leadership over reform plans
that would give the taxman more power to snoop into the accounts
of suspected cheats, a sensitive topic in a country enamoured of
Resistance from rebel People’s Party (OVP) MPs from Styria
province may complicate efforts to adopt a 5 billion euro ($5.6
billion) tax relief package that also needs the support of the
opposition Greens party because it amends the constitution.
VIENNA, May 21 (Reuters) – Raiffeisen Bank International’s
(RBI) first-quarter profit fell by nearly half,
showing the impact of a squeeze on the bank’s income even though
bad debt charges fell.
The second-biggest lender in emerging Europe also reiterated
on Thursday it might report an annual loss in 2015, partly the
result of booking most of an expected 550 million euros in
restructuring costs to help to hit a core capital ratio of 12
percent by the end of 2017.