The new CEO of Wiener Privatbank, Christoph Raninger, looks calmly at the corona crisis and sees the bank on a solid path this year.
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After the uncertainties of the
past years the new strategy has been on track. Thanks to the strong
specialized business model, the bank is only conditional on the
Problems affected by the virus crisis for many other banks
brings itself.
An advantage is the focus on residential real estate, because these are
from his point of view the least risky. “Must live
I always, “said Raninger, who has headed the bank since the beginning of the year,
in an interview with APA. It is much more risky because of the
Effects of the corona lockdown currently on hotels and
Commercial real estate.
As part of the new strategy, the bank presented itself as
Specialist in residential real estate and capital markets – so as
“Niche player” – Raninger says. With the residential real estate lies
Focus especially on Vienna. Of property purchase and development
to brokerage and financing and investment of
Real estate assets on the capital market become everything together with partners
offered from a single source.
The customers of the Wiener Privatbank are not the classic
House builders, but investors who live in pension apartments, apartment buildings
and invest in renovated old apartments. This aspect take that
Uncertainties that other banks are currently facing due to the
increasing credit risks – also in the real estate sector – exposed
are. There are no bad loans at Wiener Privatbank that
NPL rate (non-performing loans) is zero. Raninger hopes
that it stays that way despite the crisis.
The bank boss sees a positive for the Vienna real estate market
Development. “The price development is still very stable in
the area, “said Raninger. The corona crisis has not yet occurred
had a noticeable impact in this regard. Even the demand for
Real estate is still good.
In addition to the focus on real estate, the bank has a strategic one
Focus on the capital market. The bank had almost everyone
Companies operating in the new SME segment of the Vienna Stock Exchange direct market
plus are listed, accompanied during their IPO. Also accompany
around four bonds per year – especially in the real estate sector
– on the way to the capital market, according to Raninger.
There was a big challenge in the capital market area because that
Market volatility has been very high in recent months
been and will remain so in the coming months. “Our
The challenge is to give customers security in the
Capital market investments, “said Raninger. The risks involved
recognize in time and reallocate assets. As a smaller one
Private banks can be reacted to more quickly than a “sedate”
Big bank. “We are like a speedboat,” said the bank’s CEO. The depots
of customers are currently stable.
Expansion to is also part of the new strategy
Eastern Europe. The bank is particularly concerned with Slovakia and the Czech Republic
Visor. There you have with the Slovak minority shareholder Arca
a “strong partner”, said the bank boss. The bank wants this year
open a branch in Bratislava to show more presence there
A branch in Prague is to follow in the coming year. So far
one has in the two cities “as a satellite” – that is from Vienna –
acts, says Raninger.
Arca has held almost 10 percent of the bank since last autumn
and is next to Günter Kerbler and Johann Kowar, who together are scarce
hold over 51 percent of the bank, one of the core shareholders of
Bank. Up until last year there was still a majority takeover
the Viennese private bank through the arca in the room, which, however
was finally blown off. In the end, the Wiener Privatbank remained
with new strategy and management, Kowar sold
last fall 9.9 percent of its share in the Slovaks.
As for the public criticism of the domestic banking sector in the
Raninger sees the credit institutions in the corona crisis
Duty to act as a systemically important support for the
To perceive the economic cycle. However, one cannot
require a bank to allocate funds without first opposing that
To adequately cover the risk. Banks have “intense
regulatory due diligence “that they should also adhere to.
From Raninger’s point of view, however, the regulators do not have enough
Measures taken “to give banks enough leeway to do so
to be able to do what they should be doing – namely
Real economy, the entrepreneurial area as well as the private area
support, “says the bank manager.
Raninger expects one for the current financial year
“positive” course for Wiener Privatbank. “If we have the status
can keep up like we went into the year, that’s one
good business year, “said Raninger. A major factor of uncertainty
however, the corona crisis and one remain for all forecasts
possible second wave of infection.
(Conclusion) bel / tsk
ISIN AT0000741301
WEB http://www.wienerprivatbank.com
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