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Raiffeisen Landesbank NÖ-Wien reported a profit of nearly 400 million euros for 2024, rebounding from a loss in 2022, despite one-off effects from its stake in Raiffeisenbank International due to the war in Ukraine. The bank's equity ratio increased to 24%, indicating strong resilience, while the cost-income ratio improved to 47.8%. Looking ahead, the bank anticipates continued growth but is budgeting conservatively amid economic uncertainties and an increased bank levy.
UMH Properties, Inc., a public equity REIT operating 135 manufactured home communities across several states, has a dividend payout ratio of 2,866.67%. Recently, Zurcher Kantonalbank increased its stake in the company by 64.7%, while analysts maintain a Moderate Buy rating, with a consensus price target of $21.25. The firm reported a quarterly EPS of $0.24, exceeding estimates, and declared a quarterly dividend of $0.215 per share, yielding 4.71%.
Raiffeisen Bank International's stock reached a new 52-week high of $7.25, closing at $7.18 with a trading volume of 770,920 shares. Barclays upgraded the bank to a "strong-buy" rating, while analysts suggest other stocks may be better investment options despite the bank's positive outlook. The company offers a wide range of banking services across various industries, boasting a market cap of $9.44 billion and a PE ratio of 3.86.
Raiffeisen Bank is compelled by a Kaliningrad court to purchase a 28.5 million share stake in Strabag from Rasperia for around two billion euros, despite EU sanctions against Rasperia's former owner, Oleg Deripaska. This ruling could facilitate significant asset transfers between Russian and European firms, as Strabag benefits from shedding a "toxic" shareholder and gaining access to Raiffeisen's financing. The market reacted positively, with Strabag shares soaring to an all-time high following the court's decision.
UBS is contemplating the sale of Swiss real estate assets valued at under $1 billion as part of a strategic overhaul of its asset management unit. This move aims to enhance profitability and streamline operations following the acquisition of Credit Suisse, with a goal of achieving $13 billion in cost reductions by 2026. The asset management division, contributing 6.5% to total revenues, is being restructured to focus on core functions while integrating Credit Suisse's businesses.
On Tuesday evening, Martin Hauer, CEO of Raiffeisenlandesbank NÖ-Wien, hosted an exclusive spring reception on the 20th floor of Raiffeisenhaus, attracting around 120 guests with stunning views of Vienna. The event featured insights on capital markets and sustainable investment strategies, highlighted by an optimistic keynote from Valentin Hofstätter and a panel discussion moderated by Christiane Flehberger. Airline captain Hans Härting shared aviation principles applicable to risk management in finance, concluding the evening with a relaxed culinary finale where guests engaged with experts.
Swiss investor Arthur Eugster has revealed losses of approximately 650 million francs due to the collapse of Signa Holding, where he holds an 11.5% stake. His testimony highlights alleged deception by founder René Benko during a capital raise, where funds were misrepresented, leading to significant financial fallout and ongoing legal scrutiny. As investigations continue, Eugster emphasizes the need for transparency and integrity in investment practices.
The Austrian Raiffeisen Association (ÖRV) is launching an information campaign to promote cooperatives in light of the UN's declaration of 2025 as the International Year of Cooperatives. Under the motto "We-Power," the campaign aims to raise awareness of the cooperative model's social and economic benefits, encouraging more people to join. With 1,400 of Austria's 1,800 cooperatives under Raiffeisen, the initiative highlights the importance of local decision-making and community investment, emphasizing that cooperatives can effectively address social issues while fostering regional prosperity.
Nathalie Benko has filed for divorce from her husband, former billionaire René Benko, amid his significant financial and legal troubles, including pre-trial detention and bankruptcy. The couple, who share three children, faced turmoil as René's real estate empire collapsed under mounting debts and legal scrutiny across multiple countries. Nathalie's decision reflects a desire to prioritize her family's wellbeing and escape the ongoing crisis surrounding her husband's downfall.
Many "green" funds are under scrutiny for investing in companies that harm the environment, with over a third of ESG funds in Europe backing fossil fuel firms. Raiffeisen Bank International in Austria faces particular criticism for its investment choices.
AUT
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