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

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…
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ISIN
AT0000652011, AT0000606306