AUSTRIA: BANK AUSTRIA/CA LEASING MERGE
Article Abstract:
Bank Austria Creditanstalt Leasing GmbH, which is created in the merger of the leasing activities of Bank Austria and Creditanstalt with effect from 31 December 1998, will be Austria's market leader with a market share of 18%. Bank Austria will hold 55% of the stock and Creditanstalt 45%. The merger is expected to yield savings of 20-25% from year 2001. In 1999 Bank Austria Creditanstalt Leasing GmbH expects an unchanged volume of new business. In 1998 it amounted to Sch 11.5bn in Austria and Sch 7.5bn abroad. Operating profit is estimated at Sch 450mn-500mn (Sch 500mn in 1998).
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
AUSTRIA: INTERNET SHARE TRADE WITH BANK AUSTRIA
Article Abstract:
In spring 2000 Bank Austria is to start offering private clients international share trading on the internet. In cooperation with the German company Teledata and the Vienna-based company Ex-it, the bank has launched Broker Net, which initially offers securities information for free.
Publication Name: Presse
Subject: Business, international
ISSN:
Year: 1999
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: STATE BANK OF INDIA: VENTURING INTO NEW AREAS CORPORATE FORECAST: SBI
- Abstracts: AUSTRIA: DISCOUNTED END EQUIPMENT WITH UTA. AUSTRIA: TELEKOM WILL HAVE TO CUT RETENTION FEE. TNS bietet erste Wertkarte f r Festnetz-Telephon
- Abstracts: PC PRICES SHOOT UP AS MOF MULLS CHIP CLASSIFICATION. KARVY GETS INTO MEDICAL TRANSCRIPTION BUSINESS
- Abstracts: CORE PANEL HAWKS Rs 21,000-CR LNG VENTURE TO FIs. NET ASSETS OF 16 OFFSHORE FUNDS SHRINK TO $1.5 BN
- Abstracts: TCFC, CBL CLEAR DECKS FOR DEMERGER, MERGER. RELIANCE CO BUYS MUMBAI FLAT FOR Rs10.6 CR