Bank Austria enters into framework agreement with Olympic region of Krasnodar
Bank Austria has signed a cooperation agreement with the Russian region of Krasnodar, where the Winter Olympic Games are to be held in 2014 in the city of Sochi. This agreement is designed to help Austrian exporters realise their financing and investment projects in the region, whilst also intensifying business and economic links.
SME-financier UBF sells stake in Electrovac
UBF Mittelstandsfinanzierungs AG, part of the Bank Austria Creditanstalt (BA-CA) Private Equity Group, has successfully sold its stake in Electrovac AG.
BA-CA Real Invest extends market lead
Both open-ended property funds of BA-CA Real Invest, the centre of competence of Bank Austria Creditanstalt for real estate investments, performed extremely well again in 2007. As at the end of November 2007, assets under management totalled more than EUR 740 million.
Bank Austria Creditanstalt sells non-performing loans
Today, Bank Austria Creditanstalt (BA-CA) has completed, as planned, the sale of loans previously called for repayment. The portfolio comprises non-performing loans to retail customers with a total nominal volume of about EUR 850 million.
The Banker names UniCredit as Bank of the Year in Central and Eastern Europe
UniCredit Group has been elected Bank of the Year 2007 in CEE and Bank of the Year 2007 in Italy by the prestigious UK financial monthly The Banker.
BA-CA ErfolgsCup 2007: Again a Smashing Success
Fifteen rounds of the BA-CA ErfolgsCup 2007 were played on the best golf courses in Austria. Ninety of the roughly 1,500 Bank Austria Creditanstalt (BA-CA) customers who participated qualified for the grand finale held a few days ago at The PGA Sultan course in Belek, Turkey.
Results for the first nine months of 2007 (1):
Bank Austria Creditanstalt Group achieves strong profit growth
Bank Austria Creditanstalt (BA-CA), a member of UniCredit Group, one of the leading European banking groups, achieved a significant improvement in its results in the first nine months of 2007 compared with the same period of the previous year, despite the turbulence in financial markets.
UniCredit Group rolls out credits without boundaries
Cross border credits now easy and flexible to access in 20 countries
The UniCredit Group has the most comprehensive network in Europe. This enables the Group to offer a special product to its multipresent corporate customers: the Cross Border Plus Credit. This is a custom-tailored solution, for start up companies as well as for mid- and large-sized companies, to arrange the financing of their subsidiaries in the CEE countries as well as Italy, Austria and Germany.
Foundation stone laid for Wien Mitte
The foundation stone ceremony marked the start of construction on the Wien Mitte NEU project. Wien Mitte is Vienna’s biggest inner city construction project and comprises a multifunctional building with a gross floor area of 127,000 square metres and includes building over Wien Mitte station.
BA-CA and KfW sign third blanket credit agreement: EUR 150 million in low-interest loans for Austrian SMEs
Bank Austria (BA-CA) has obtained EUR 150 million from Kreditanstalt für Wiederaufbau (KfW) to provide low-interest loans. This money is targeted specifically at Austrian small and medium-sized enterprises and is intended to support them with their long-term investment plans.
New brand strategy: UniCredit Group opts for Bank Austria brand name
UniCredit Group is introducing a master brand strategy. Under this strategy, the master brand – "UniCredit Group" – with its logo and design will be reflected in the brands used in the countries and business segments in which the Group is active. T
Storm recovery loans and credit available immediately from BA-CA
In the face of the floods and the resulting damage to buildings and consumer goods, Bank Austria Creditanstalt (BA-CA) is once again offering particularly attractive finance, as it did in April 2006, as a matter of priority in parts of Lower Austria, which is available immediately to help flood victims.
BA-CA Real Invest on a spending spree in Germany
In March 2007, BA-CA Real Invest was the first company in Austria to launch a second open-ended property fund, "Real Invest Europe", for subscription.
New CFO in BA-CA
Johann Strobl is leaving Bank Austria Creditanstalt (BA-CA). Johann Strobl, 47, has been a member of the Management Board of BA-CA since 2004 and Chief Financial Officer (CFO) since 2006. He will leave the bank at his own request in order to assume a new function outside the Group.
Results for the first six months of 2007:
Bank Austria Creditanstalt as part of UniCredit Group on growth path
Bank Austria Creditanstalt (BA-CA) continued to increase its earnings power substantially in the first six months of 2007. Contributions to this strong performance came from all of the bank's Divisions.
New Set Up for UniCredit’s Global Banking Services (GBS)
UniCredit Group’s GBS (Global Banking Services) activities, headed by Deputy CEO Paolo Fiorentino, are being structured along four newly formed departments, which will be headed by Massimo Milanta, Matthias Sohler, Paolo Cederle and Robert Zadrazil, it was announced today.
BA-CA combines investment banking activities within CA IB
With the intention to further strengthen its investment banking activities, Bank Austria Creditanstalt (BA-CA) will combine them under the roof of CA IB and under the operating management of Willi Hemetsberger.
Bank Austria Creditanstalt acquires FactorBank
Bank Austria Creditanstalt (BA-CA) is taking over FactorBank. BA-CA acquires 38 per cent of the shares in FactorBank from Raiffeisen Zentralbank and 10 per cent of FactorBank's shares from Oberbank.
BA-CA voted best bank in Austria
The renowned UK finance magazine Euromoney has awarded Bank Austria Creditanstalt (BA-CA) the title of "Best Bank in Austria 2007".
UniCredit Board of Directors appoints Sergio Ermotti, Paolo Fiorentino and Roberto Nicastro as Deputy CEOs
In its regular Board meeting of July 17, UniCredit Group Board of Directors approved CEO Alessandro Profumo's proposal to appoint Sergio Ermotti, Paolo Fiorentino and Roberto Nicastro as Deputy CEOs directly reporting to him.
BA-CA opens representative office in Montenegro
Bank Austria Creditanstalt (BA-CA), responsible for Central and Eastern Europe within UniCredit Group, opened a representative office in Montenegro.
BA-CA signs agreement to acquire ATF Bank in Kazakhstan
Bank Austria Creditanstalt (BA-CA), responsible within the UniCredit Group for commercial banking activities in CEE, has signed a share purchase agreement with private shareholders to acquire a majority shareholding in ATF Bank today.
BA-CA to acquire a 9.97% interest in its Russian subsidiary IMB
Today, Bank Austria Creditanstalt (BA-CA) has given notice to the European Bank for Reconstruction and Development (EBRD) to exercise its call option to acquire 12,978 common shares of its Russian subsidiary International Moscow Bank (IMB), representing a shareholding of 2.79 per cent of IMB’s total share capital.
BA-CA's SME financier, EK Fin, is to take over the German Moll Group
EK Mittelstandsfinanzierungs AG (EK Fin) is acquiring 80% of the shares in the German mechanical engineering group, the Moll Group.
The new UniCredit Tiriac Bank starts operations in Romania
The merger of the UniCredit Group banking subsidiaries in Romania, HVB Tiriac Bank and UniCredit Romania was finalised on 1 June by creating a new financial institution, UniCredit Tiriac Bank. UniCredit Tiriac Bank is the fourth largest bank in Romania with 3.7 billion Euro total assets, more than 600,000 customers and an extensive network of 132 branches.
BA-CA intensifies cooperation with Russian bank to support future growth of Austrian exports
On the occasion of the state visit by Russia's President Vladimir Putin in Vienna, Bank Austria Creditanstalt (BA-CA) has signed two cooperation agreements with Vnesheconombank (VEB), the Russian Bank for Foreign Economic Affairs.
Specialist bank presents its 2006 accounts: Continuing success of Mezzanin Finanzierungs AG
Mezzanin Finanzierungs AG, Austria's first specialist bank for mezzanine capital, which was only founded in 2002, has again made a profit in financial year 2006.
BA-CA: Annual General Meeting approves squeeze-out
At the Annual General Meeting of Bank Austria Creditanstalt (BA-CA), the squeeze-out of minority shareholders against a cash compensation of EUR 129.4 was approved yesterday evening with a majority of 98.6 per cent of the voting rights (under the new Austrian Squeeze-out Act).
Results for the first three months of 2007*:
New CEE subsidiaries are driving Bank Austria Creditanstalt's growth as expected
The integration of the new subsidiaries in Central and Eastern Europe has given a strong impetus to the growth of Bank Austria Creditanstalt (BA-CA). In the first three months of 2007, consolidated profit rose by 73.8 per cent to EUR 535 million (Q1 2006: EUR 308 million).
UniCredit Group is official sponsor of UEFA EURO 2008
The UniCredit Group has decided to back UEFA EURO 2008 as one of its four national supporters.
BA-CA comments on the initiation of proceedings of the Austrian Takeover Commission upon application by a London-based hedge fund: BA-CA again rejects allegations of Polygon hedge fund
Bank Austria Creditanstalt makes the following statements in response to the Polygon hedge fund's application, published in today's "Amtsblatt der Wiener Zeitung" (Official Gazette), for proceedings to be initiated by the Austrian Takeover Commission.
TPA Horwath confirms the Cash Compensation for the BA-CA Squeeze-out
Today, TPA Horwath Wirtschaftsprüfung GmbH (“TPA Horwath”), the independent auditor appointed by the competent commercial court of Vienna, has released its report on the cash compensation to be paid in the context of envisaged BA-CA squeeze-out.
BA-CA squeeze-out: Cash consideration set at EUR 129.4 per share
Today, UniCredito Italiano S.p.A. (UniCredit) and the Management Board of Bank Austria Creditanstalt AG (BA-CA) fixed the cash compensation to be paid for the planned squeeze-out at an amount of EUR 129.4 per share.
Results for the 2006 financial year:
BA-CA increases operating performance significantly
Bank Austria Creditanstalt (BA-CA), a member of UniCredit Group, increased its adjusted profit before tax by 21 per cent to EUR 1.5 billion. In total its profit before tax increased to EUR 3.3 billion (2005: EUR 1.3 billion).
UniCredit Group concludes the reorganisation of Central Eastern European banking business:
BA-CA is the competence centre for banking activities in CEE
UniCredit Group has, with the closing of the CEE transfers to BA-CA, completed the reorganisation of its Central Eastern European banking business.
UniCredit Markets & Investment Banking solidifies its market image in Austria and CEE
The UniCredit Group Division Markets & Investment Banking has unified its market image at the global level, in order to highlight its size and power as effectively as possible.
BA-CA Leasing acquires remaining 50% holding in subsidiary BA-CA Fuhrparkmanagement
Bank Austria Creditanstalt Leasing (BA-CA Leasing) has purchased the other half of its subsidiary firm BA-CA Fuhrparkmanagement.
BA-CA’s Supervisory Board has decided on provisions
The Supervisory Board of Bank Austria Creditanstalt (BA-CA) approved a restructuring plan regarding infrastructure investment, reorganisation and restructuring measures in the Retail Division, the Corporate Division, in Markets and Investment Banking, Global Banking Services, Support Services and Risk Management.
BA-CA Real Invest sells real estate package worth EUR 200 million
BA-CA Real Invest has sold a package of seven office properties in Prague and Warsaw for more than EUR 198 million to a fund of the global company Pramerica Real Estate Investors.
Phishing, Pharming & Co: Confidence of bank customers in Internet Banking remains high
Nine out of ten Austrians who have a bank account with access to Internet Banking trust the security precautions taken by their bank for online money transactions.
BA-CA completes the acquisition from HVB of the Russian bank IMB
Bank Austria Creditanstalt (BA-CA) has, today at 11:11 o’clock, completed the acquisition of the majority interest held in International Moscow Bank (IMB) by HVB.
BA-CA to acquire Russian IMB
Bank Austria Creditanstalt (BA-CA) will take over the majority interest in International Moscow Bank (IMB). With total assets of about US$ 7.7 billion, IMB is the ninth-largest Russian bank.
BA-CA today celebrates 100th anniversary of Zentralsparkasse
Today, exactly one hundred years ago on 2 January 1907, Zentralsparkasse (Central Savings Bank) of the City of Vienna opened its doors to customers in the old City Hall building in Wipplingerstraße.