Obbligazioni perpetue e subordinate Tutto quello che avreste sempre voluto sapere sulle obbligazioni perpetue... - Cap. 2

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Your bid at 49.50% has been accepted.

With kind regards

Thomas Choquet
Associate

Lucid Issuer Services Limited
www.lucid-is.com

T: + 44 20 7704 0880
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Subject: informazione

hanks David,
this istruction NOT passed?
-Santander Finance Preferred, XS0202197694
2.000 with price 49,50
 
Austrian Regulator Sees Domestic Banks Selling Non-Core Assets


By Zoe Schneeweiss - Aug 30, 2012 10:00 AM GMT+0200


Austrian Financial Markets Regulator FMA expects banks in the Alpine republic selling non-core assets to boost capital reserves.

“There’s a clear reallocation of asset portfolios,”Helmut Ettl, the co-head of Austria’s banking regulator, Finanzmarktaufsicht, told reporters in Alpbach, Austria today.“Banks in the past have amassed portfolios of assets that aren’t part of their core business and those are being shed,”he said. “Lenders are trying to optimize their capital.”

Oesterreichische Volksbanken AG (VBPS), partially nationalized this year, has sold assets including its east Europe business, while Bawag PSK Bank AG, the Austrian lender controlled by Cerberus Capital Management, may sell its leasing unit, according to people familiar with the plans.

Bawag, Erste Group Bank AG (EBS) and Raiffeisen Bank International AG (RBI) all hold so-called participation capital, for which they pay the state interest.

Ettl said he was confident the banks would be able to repay the participation capital when the time comes.

To contact the editor responsible for this story: Zoe Schneeweiss at [email protected]
 
Erste Bank Chief Treichl Says Worst Is Over for Eastern Europe

By Linda Yueh and Zoe Schneeweiss - Aug 31, 2012

Erste Group Bank AG (EBS) Chief Executive Officer Andreas Treichl said the worst effects of Europe’s debt crisis are over for eastern Europe, where his bank is the third-biggest western lender.

“I really don’t expect it to get worse, but it is bad enough for the moment,” Treichl said in an interview in Alpbach, Austria. “Mainly because the loan growth is relatively weak for the moment -- which is understandable in the sense that the general mood that has affected Europe also has affected central and eastern Europe.”

Erste, which makes about half its retail profit in eastern Europe, cut its outlook in April and again in July after deteriorating economic performance in the former communist part of Europe hurt loan growth.

“We see positive signs -- we see that in those countries, where the country, the people and the banks have a good liquidity situation,” Treichl said in the interview with Bloomberg Television yesterday. “My personal view is that with very few exceptions the worst is over.”

Credit in the region is stagnating, according to the European Bank for Reconstruction and Development. While that’s weighing on economic expansion, it’s also closing budget and current-account deficits, trimming foreign debt, nurturing local deposit markets and safeguarding against bubbles. Foreign lenders such as Italy’s UniCredit SpA (UCG) and Austria’s Erste andRaiffeisen Bank International AG (RBI) dominate eastern Europe’s banking industry with three-quarters of total assets.
Better Margins

“The margins and the returns that you can achieve in central and eastern Europe are substantially better than they are in western Europe,” Treichl said. “The total return of those banks in those markets is substantially better than at home.”

Eastern Europe has “hope for growth,” Treichl said. “We have the fantastic situation of having completely underpenetrated banking markets, people who have substantially lower incomes than in western Europe, but are substantially more productive.”

OAO Sberbank (SBER)’s recent move of entering the region by buyingOesterreichische Volksbanken AG (VBPS)’s east Europe unit is a “good sign,” Treichl said, as it shows that “they must believe in the future of that region,” he said, adding that the Russian lenders financial prowess wasn’t a cause for concern.

To contact the reporters on this story:Linda Yueh in Alpbach, Austria at [email protected]; Zoe Schneeweiss in Alpbach, Austria at [email protected]
 
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