Erste Group, Austria’s largest bank, entered the Polish market last year and now intends to raise its ownership in its Polish subsidiary. Its chief executive, Peter Bosek, said hostile takeovers in the banking sector are problematic.
Austria’s Financial Market Authority imposed the country’s first published penalty under the EU’s MiCA framework on crypto platform Bitpanda for violations related to its white papers and marketing communications.
The German‑French private bank Oddo BHF has increased its investment banking staff by over 100% and is seeking to grow its presence in Eastern Europe by partnering with Austria’s Raiffeisen Bank International.
A financial investigation suggests that the gold dealer TGI may have run a pyramid scheme, with evidence that customer funds were not fully passed on to the promised investment partners. TGI’s spokesperson denied the allegations.
Slovenian lender Nova Ljubljanska Banka (NLB) has acquired nearly 30% of Addiko Bank, strengthening its position in the contested takeover with backing from US asset manager Wellington Management. Despite this, Austria’s Raiffeisen Bank International continues to lead the bidding war for the Austrian‑based Addiko Bank.
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Addiko Bank has established provisions totaling between 33 and 49 million euros related to Swiss franc-denominated credits. The bank has also suspended its financial forecast as it faces a takeover bid contested between Raiffeisen Bank International (RBI) and Nova Ljubljanska Banka (NLB).
WhiteBIT, a cryptocurrency exchange, has obtained a MiCA license from Austrian authorities in preparation for the EU-wide implementation deadline of July 1. This license allows the platform to operate as a crypto-asset service provider across the European Union under the new regulatory framework.
NLB, a Slovenian bank, raised its offer to acquire Addiko Bank to 37 euros per share, outbidding Austrian competitors in a takeover battle
In a competitive bidding process for Addiko Bank, NLB (Nova Ljubljanska Banka) from Slovenia raised its takeover offer to 37 euros per share, competing against Austrian bidders for control of the bank.