Austria

Erste Bank plans to strongly expand its corporates business and invests in factoring through the acquisition of Intermarket Bank

In an interview with Wirtshafts Blatt , Theo Hibler, head of Intermarket one of the main players on the Austrian factoring scene said he expected Austrian factoring volumes to reach those in Germany.

The factoring specialist Raiffeisen Factor Bank has announced 2010 results, with sales volumes being the highest since its foundation in 2007.

Austria 's factoring providers report 25.7 percent rise in volumes.

 

Michael Hanzlik, Board Member at FactorBank in Austria, provides Factorscan with an overview of the Austrian factoring market covering industry environment, market performance, supply and future trends.

SmartStream Technologies, the financial Transaction Lifecycle Management specialist, today announced that Austrian-based

The European Investment Bank is to extend a 100 million loan to Bank f r Arbeit und Wirtschaft und sterreichische Postsparkasse A.G. (BAWAG P.S.K.) for

Gerhard Ebner, Board Member, VB Factoring Bank AG, gives the overview of factoring in Austria for the forthcoming year.

Bank Austria Creditanstalt purchases 100 per cent of the shares in FactorBank by purchasing shares from Raiffeisen Zentralbank and Oberbank. 

Austria's government is considering financing a venture capital fund that would indirectly provide funds to start-ups and SMEs.