0758 GMT - Austrian banks are set to benefit from macroeconomic tailwinds such as Germany's stimulus or peace in Ukraine, which should offset headwinds from court rulings, banking taxes and inflation, HSBC says. "The headwinds from higher U.S. tariffs should remain manageable as the U.S. does not matter much in this region," analyst Johannes Thormann writes in a research note. The Austrian banking market has gone from being one of the worst in Europe two decades ago to one of the highly profitable ones, he adds. Bawag's business model is fairly defensive and was recently strengthened by acquisitions, while Erste has a positive growth outlook. Raiffeisen's operational performance is set to continue and the biggest catalyst ahead for the lender is the future of its Russian business, Thormann adds. (elena.vardon@wsj.com)
(END) Dow Jones Newswires
April 08, 2025 03:59 ET (07:59 GMT)
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