06.02.2022, 2376 Zeichen

Raiffeisen Bank International (RBI): RBI reported consolidated profit of 1.4 bn in 2021, above pre-pandemic level, driven by economic recovery in core markets. Net Interest income went up 7% to Euro 3,327 mn driven by volume growth and higher key rates. In 2022, net interest income is expected to increase by high single digit per cent and net fee and commission income by mid-single per cent.
RBI: weekly performance: 5.28%

Bawag: Austrian based banking group Bawag announced the signing of a transaction to acquire 100% of the shares of Peak Bancorp, Inc., the holding company for Idaho First Bank, a state-chartered community bank in McCall, Idaho for USD 65 mn. The transaction has been approved by Peak Bancorp’s board of directors and is subject to its shareholders’ vote. The acquisition enables Bawag Group to expand its footprint in the United States and better position it for future growth in one of the bank’s core markets.
Bawag: weekly performance: 0.66%

Addiko: The National Assembly of Slovenia passed the “Law on limiting and distributing currency risk among creditors and borrowers of loans in Swiss francs”. The purpose of the proposed law is to restructure consumer loans denominated in CHF (or containing a currency clause in CHF) that were concluded up to 17 years ago, between 28 June 2004 and 31 December 2010. Despite the difficulties banks are facing in interpreting the law’s terms and the retroactivity of up to 17 years, Addiko Bank AG has conducted a preliminary impact assessment, according to which it assessed a negative impact caused by the implementation of the new law in the range of approximately Euro 100 to 110 mn, based on its own interpretation and assuming a worst-case scenario.Such negative impact would result in a net loss for the financial year 2022. Consequently, no regular dividends are expected to be paid out for the financial years 2021 and 2022. The management commits to mitigation measures, aiming to reduce the law’s negative impact on the CET 1 capital ratio by more than 0.75% (IFRS 9 fully-loaded) until the year-end 2022, based on the planned development in risk weighted assets, associated with the accelerated run-down of the non-focus portfolio, and the expected organic profit generation.
Addiko Bank: weekly performance: -17.06%

(From the 21st Austria weekly https://www.boerse-social.com/21staustria (02/02/2022)

Christian Drastil: Wiener Börse Plausch

Wiener Börse Party #1121: ATX etwas fester, Flughafen Wien gesucht, Take my breath away Research und European Lithium feat. Trump

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Aktien auf dem Radar:Semperit, Mayr-Melnhof, CPI Europe AG, EuroTeleSites AG, Austriacard Holdings AG, Kapsch TrafficCom, Rosgix, Zumtobel, CA Immo, Telekom Austria, Strabag, Rosenbauer, AT&S, DO&CO, Frequentis, Lenzing, Marinomed Biotech, Palfinger, Verbund, voestalpine, Wolford, BKS Bank Stamm, Oberbank AG Stamm, Amag, EVN, Österreichische Post, Brenntag, VIG, Fresenius Medical Care, Beiersdorf, Scout24.

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