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Austria: Major Banks Exhibit Significant Shortages in Core Capital Quota
Politics ♦
Published: December 17, 2013; 15:13 ♦ (Vindobona)
Both Erste Group’s and RBI’s core capital quota is below the European average.
Austria: Major Banks Exhibit Significant Shortages in Core Capital Quota / Picture: © Vindobona.org
The transparency report published by the European Bank Supervision yesterday reveals a shortfall in the core capital of the country’s two major banks. As per the end of June the core Tier 1 ratio was at 10.8 percent for both Erste Group and Raiffeisen Zentralbank/Raiffeisen Bank International (RZB/RBI) which is below the European average of 11.7 percent. Both the capital increase…
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