VIENNA, Jan 27 (Reuters) – Austria will ask commercial banks
to support a “bad bank” for Hypo Alpe Adria, its
finance minister said on Monday, looking to spread the burden of
cleaning up a lender the state was forced to bail out in 2009.
Getting healthier banks such as Erste Group,
Raiffeisen Bank International (RBI) or Bank Austria
on board could help hive off around 13 billion euros
($17.8 billion) in problem loans, leases and property at Hypo.
VIENNA/FRANKFURT (Reuters) – Raiffeisen Bank International (RBIV.VI: Quote, Profile, Research, Stock Buzz) kicked off a year of capital raising for European banks on Wednesday with a share sale that could raise as much as 2.9 billion euros ($3.9 billion) to strengthen its balance sheet and repay state aid.
Other banks are expected to raise cash to ensure they have enough capital to comfortably pass so-called stress tests by regulators this year.
VIENNA/FRANKFURT, Jan 22 (Reuters) – Raiffeisen Bank
International could raise as much as 2.9 billion euros
($3.9 billion) in an equity sale under way on Wednesday to
strengthen the Austrian lender’s balance sheet and repay state
A source familiar with the fundraising said central and
eastern Europe’s second-biggest lender was guiding investors
towards an issue price between 28 and 29.50 euros a share, a
discount of up to 6.4 percent from Tuesday’s close of 29.90.
VIENNA (Reuters) – Austria’s new Foreign Minister Sebastian Kurz will champion European Union membership for qualifying Balkan countries when he meets EU counterparts next week, he told Reuters on Friday.
It will be the first formal meeting of EU foreign ministers for Kurz, just 27 and a rising star in the People’s Party who got the top foreign policy job last month in a cabinet reshuffle after September elections.
VIENNA, Jan 15 (Reuters) – Emerging European countries are
casting a wary eye on capital flows as the United States starts
to unwind stimulus but see no urgent need to adjust monetary
policy, central bankers from the region said on Wednesday.
Expectations that the U.S. Federal Reserve would begin to
scale back – or “taper” – extraordinary economic stimulus first
hit markets in May, prompting many investors to pull funds out
of emerging markets seen as risky.
VIENNA (Reuters) – Central, eastern and southeastern Europe is poised for just a “tepid” economic recovery this year, lagging other emerging markets even as major western trading partners rebound, a senior IMF official told Reuters on Monday.
Aasim Husain, deputy director of the International Monetary Fund’s European department, said countries with large current account and fiscal imbalances still risked market buffeting as central banks in advanced economies unwind extra-loose policy.
VIENNA, Jan 10 (Reuters) – Austria’s banks face a 90 million
euro ($122 million) hike in a levy imposed to help cover the
expense of propping up the sector in the financial crisis,
adding to their costs at a time when profits are already under
Banks such as UniCredit unit Bank Austria, Erste
Group and Raiffeisen Bank International have
previously complained that the levy hits profits just as they
need to build up capital and are also being urged to keep
lending during an economic weak patch.
VIENNA, Jan 9 (Reuters) – Austria’s Raiffeisen Bank
International has kicked off a year of capital raising
by European banks keen to convince regulators and investors that
they are robust enough to weather any more financial storms.
Central and eastern Europe’s second-biggest lender said late
Wednesday it could sell up to 2.25 billion euros ($3.06 billion)
of shares, boosting its equity capital by about 40 percent to
beef up its finances and help repay state aid.
VIENNA, Jan 8 (Reuters) – Raiffeisen Bank International
may increase its equity capital by up to 2.25 billion
euros ($3.06 billion) in the next six months, it said on
Wednesday, mirroring Austrian rival Erste Group’s move
to shore up capital and repay state aid.
Central and eastern Europe’s second-biggest lender has long
said it could sell more shares to bolster its relatively weak
balance sheet and a statement after the market close was the
most detailed yet on what the Vienna-based bank has in mind.
VIENNA (Reuters) – Sebastian Kurz, who became Europe’s youngest foreign minister this week at the age of 27, hopes to refresh Austria’s stuffy image and present it as a modern country open to the world
His appointment may also help the centrist coalition government revamp its own image after barely scraping a combined majority from voters weary of the status quo in September elections, in which the new youth-oriented Neos scored surprisingly well.