Bank Austria is represented in 14 countries and is a market leader in two.
It has gaps in the Czech Republic and Hungary, which Bank Austria can fill.
In central Europe, Bank Austria has perhaps the best coverage of any bank, certainly in the corporate market.
ECONOMIST: Bank Austria and Hypovereinsbank: Running repairs | The
Bank Austria is among the latest Western institutions following corporate clients to Asia.
Bank Austria has tried to push into retail banking in Hungary and the Czech Republic, but with little success.
ECONOMIST: Bank Austria and Hypovereinsbank: Running repairs | The
Its Creditanstalt part was saved by the government back in 1931, before being absorbed by Bank Austria in 1997.
ECONOMIST: Bank Austria and Hypovereinsbank: Running repairs | The
Bank Austria and Raiffeisen have also been pushing hard into less developed south-eastern Europe, where margins but also credit risks are higher.
The clear plus-point of the German-Italian deal, however, is that Bank Austria and UniCredit's New Europe assets would make a good fit.
In any event, with 75%, the Bavarians still have control of Bank Austria, although remerger (or demerger) would require a 90% vote.
ECONOMIST: Bank Austria and Hypovereinsbank: Running repairs | The
In its domestic market, Bank Austria is number one.
ECONOMIST: Bank Austria and Hypovereinsbank: Running repairs | The
On the other hand, some of Bank Austria's returns have come from such volatile areas as investments in hedge funds and trading cash, foreign exchange and derivatives for the bank's own account.
ECONOMIST: Bank Austria and Hypovereinsbank: Running repairs | The
Andreas Treichel, the boss of Erste Bank, Austria's second-biggest bank, says he will not play ball.
ECONOMIST: Austria is toying with a curious new form of protectionism
Those approached so far, such as Andreas Treichl, head of Erste Bank in Austria, have declined.
The first had been early in 2000 when it agreed to the sale of the biggest savings bank, Ceska Sporitelna, to Erste Bank of Austria.
Picard says she established Bank Medici in Austria as a mechanism for shoveling investor money into the Ponzi scheme.
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In July 1998, reports emerged that a staggering sum of money linked to Indonesia had been shifted from a bank in Switzerland to another in Austria, now considered a safer haven for hush-hush deposits.
Austria's central bank has said that Austrian bank subsidiaries in central and eastern Europe should not exceed a loan-to-deposit ratio of 110%, a way of ensuring that their funding needs do not make too great a call on resources back at headquarters.
Germany has even threatened to spread its battle to Switzerland, Luxembourg and Austria, and is now reportedly investigating Swiss bank Vontobel.
Raiffeisen's parent bank, Raiffeisen Zentralbank Oesterreich, for example, is one of the biggest mortgage lenders in Austria, where home-loan rates are often tied to Euribor.
It was named after Archduke Joseph August of Austria, a prince of the Hungarian line of the Habsburgs, who reportedly deposited it in a bank vault in 1933.
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