„Austrian Banking Sector Still Weakly Capitalized“

People ♦ Published: July 16, 2013; 14:21 ♦ (Vindobona)

Austrian National Bank (OeNB) criticizes that the domestic banking sector did not improve the equity base sufficiently.

„Austrian Banking Sector Still Weakly Capitalized“ / Picture: © Vindobona.org

In the last months, the equity base has improved slightly, OeNB´s board of directors states. Above all, the three big banking groups Bank Austria, Erste Group and Raiffeisen Bank International have made significant progress. This is mainly due to the higher profits recorded in 2012.

In 2012, the consolidated financial statements after tax and…