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28.12.2006
BA-CA acquires a 20 per cent interest in Russian bank IMB
Bank Austria Creditanstalt (BA-CA) has today finalised the acquisition of a 19.77 per cent shareholding of International Moscow Bank (IMB) from VTB Bank (France) SA (previously Banque Commerciale pour l’Europe du Nord-EUROBANK) for a price of US$395 million.
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27.12.2006
Bulgaria and Romania will benefit from EU accession
Favoured by EU accession on 1 January 2007, Bulgaria and Romania will achieve stronger economic growth in the coming year. Both countries have been undergoing a far-reaching transformation process aimed at making significant progress which resulted in a success story for both countries.
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29.11.2006
Yuri Tverskoy designated as the President of the Board of Management of International Moscow Bank
Yuri Tverskoy has been designated for the position of the President of the Managing Board and Chief Executive Officer of International Moscow Bank (IMB). He will succeed Ilkka Salonen, who leaves the bank to take over new responsibilities outside of the Group.
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14.11.2006
Results for the first nine months of 2006:
Bank Austria Creditanstalt on track to achieve record results in 2006
Bank Austria Creditanstalt (BA-CA) significantly improved its results in the first nine months of 2006 compared with the same period of the previous year. Net income after taxes and minority interests rose by 86 per cent to EUR 1.5 billion (first nine months of 2005: EUR 824 million)
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09.11.2006
New brand architecture of UniCredit Group in CEE
With the integration of HVB Group, including Bank Austria Creditanstalt and its subsidiaries in Central and Eastern Europe (CEE), UniCredit Group has reached new dimensions: it operates by far the leading banking network in the region with about 3,000 branches in 17 CEE countries.
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06.11.2006
One in five persons in CEE puts money aside for their retirement
In the countries of Central and Eastern Europe, almost half of the active population has started or is considering investing in an additional private pension on top of the state pension.
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03.11.2006
Further step in restructuring the CEE business taken
Bank Austria Creditanstalt (BA-CA) has finalised the sale of Bank BPH, its Polish subsidiary, to UniCredit Group. The closing took place on 3 November 2006. The transaction was approved by the Austrian Financial Market Authority (FMA).
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06.09.2006
Merger of HVB Bank Romania and Banca Tiriac finalised
The merger between HVB Bank Romania and Banca Ţiriac, the Romanian subsidiaries of Bank Austria Creditanstalt, has been successfully finalized on 1 September 2006. The resulting new bank operates under the name HVB Ţiriac Bank and ranks fourth on the Romanian banking market.
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04.08.2006
UniCredit and BA-CA take key steps for organisation of CEE business
UniCredit transfers its CEE banking shareholdings to BA-CA (including Turkey, excluding Poland); BA-CA sells Polish subsidiary Bank BPH to UniCredit
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04.08.2006
Results for the first six months of 2006:
Bank Austria Creditanstalt's operating profit up by 49 per cent
Bank Austria Creditanstalt (BA-CA) significantly improved its results in the first half of 2006. Operating profit rose by 49.1 per cent to EUR 854 million (first half of 2005: EUR 573 million).
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30.06.2006
BA-CA completes sale of Croatian subsidiary Splitska banka
Bank Austria Creditanstalt (BA-CA), a member of the UniCredit Group, completed the sale of its Croatian banking subsidiary HVB Splitska banka to Société Générale, the French banking group.
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19.06.2006
HVB Leasing will commence operations in Ukraine in July
BA-CA Leasing has established a subsidiary in Ukraine in spring this year. In a next step HVB Bank Ukraine will take over a minority stake in this company of up to 9.9% and a capital injection from shareholders of 1 ml. USD is planned.
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21.05.2006
Retail banking trends in Central and Eastern Europe:
live now, pay later
The volume of personal loans in the countries in Central and Eastern Europe (CEE) has increased tenfold since 2000. In the general process of catching up, demand for loans is growing strongly.
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05.05.2006
BA-CA plans vigorous expansion of its Russia business
Bank Austria Creditanstalt (BA-CA) is planning a vigorous expansion of its business in Russia. International Moscow Bank (IMB), currently still a subsidiary of HypoVereinsbank, is to become part of the BA-CA network at the end of 2006.
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20.04.2006
BA-CA sells Croatian subsidiary HVB Splitska banka
Bank Austria Creditanstalt (BA-CA), a member of UniCredit Group since November 2005, sells its Croatian banking subsidiary HVB Splitska banka to Société Générale, the French banking group.
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29.03.2006
BA-CA / wiiw study:
The new European tigers
Over the last decade, the CEE countries have gained a strong competitive position in a global comparison.
