Austria: Major Banks Exhibit Significant Shortages in Core Capital Quota

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…