Austria: RBI to Pay Back State Capital in March

People ♦ Published: February 13, 2014; 16:08 ♦ (Vindobona)

€ 1.75bn in state aid will be transferred around March 15 if the Financial Market Authority agrees to the repayment.

Austria: RBI to Pay Back State Capital in March / Picture: © Raiffeisen Bank International AG / Press Photo

Seven months after Erste Group paid back € 1.22bn in participation capital granted by the Austrian state in 2009, Karl Sevelda, CEO of Raiffeisen Bank International (RBI), announced plans of paying back state aid in the amount of € 1.75bn.

The Finance Ministry welcomed this step in the light of urgent capital need due to the winding up of problem bank Hypo Group. Both CEO and…

or Log In

Fast News Search
Related News
RBI: Capital Increase Successfully Completed (February 11, 2014)
Ukraine: RBI Examines Offers (February 10, 2014)
Hypo Group Alpe Adria: Sevelda Rejects „Joint Bad Bank“ (February 9, 2014)
“Hypo Group Bankruptcy Would Affect RBI Adversely“ (February 5, 2014)
Capital Increase at RBI Hungary (January 28, 2014)
Read More
Banking Industry, RBI Raiffeisen Bank International, Leaders, Karl Sevelda
ISIN
AT0000606306
Featured
Rudolfinerhaus Private Hospital: The Most Advanced Treatment by Tradition
See latest Vindobona Newsletter