Austrian Banking Sector Proves Stable

Businessn.a. ♦ Published: September 18, 2013; 07:38 ♦ (Vindobona)

The U.S. rating agency Fitch confirms the A-rating for Erste Group, RBI (Raiffeisen Bank International), Bank Austria and VBAG.

Austrian Banking Sector Proves Stable / Picture: ©

According to Fitch, the outlook for the Austrian Banks is stable. Fitch underlines that all these banking institutes have a substantial market share in Austria´s deposit market. In case of VBAG, the market share comes at 7%. With a market share of 19%, Erste Group ranks first. While RBI does not have a deposit business segment, the Raiffeisen sector disposes of a strong deposit…