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Austrian Banking Sector Proves Stable

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: © Flickr

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…

This article includes a total of 280 words.

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AT0000652011, AT0000606306