Sponsored Content
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
ISIN