Christian Konrad, advocate general at Raiffeisen Bank International (RBI), told WirtschaftsBlatt that the bank will certainly launch a capital increase. The move will be necessary in order to support RBI's growth plans as well as to help it meet the Basel III bank requirements.
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OeVAG will have to pay up to EUR40m per year for Austria's bank tax, CEO Gerald Wenzel told Oberösterreichische Nachrichten. He further said that regardless of the reduction of the company's balance sheet after the divestment of the international business, the tax amount remains the same for the next three years.
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Notebook producer Quanmax said it raised its sales to EUR 78m for 2010 from EUR 59.9m for 2009. The company's net profit stood at EUR 4m. Quanmax sees sales of EUR 100m for 2011.
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Standard & Poor's did not change the A-1 credit rating on Raiffeisen Bank International after the announced takeover of Polbank. However, the outlook for the rating still remains negative.
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As part of its merger with UK PartyGaming, Bwin may have to sell its poker subsidiary Ongame as the UK company also operates a poker network. The Sweden-based Ongame employs about 440.
*Austria's wholesale price index rose 3.0% in January 2011 compared to December 2010, Statistik Austria reported. In annual comparison, the index grew 11.6%.
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