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Austrian Banks Fulfilled EBA Requirements

Published: July 11, 2012; 14:32 · (Vindobona)

The European Banking Authority published today an overview report on the implementation of the capital exercise. The vast majority of the banks in the sample meet the required ratio of 9% Core Tier 1 (CT1).

Austrian Banks Fulfilled EBA Requirements / Picture: © Hurdle

The two biggest Austrian banking groups Erste Group and RZB (Raiffeisen Zentralbank AG) have fulfilled the requirements by EBA. Both banks achieved a tier-1 capital quotas at the end of June without any problems, the Austrian Central Bank (OeNB) announced today. Details about the Austrian banks will be published in September.

Initially, also…

This article includes a total of 400 words.

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