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Austrian Banks Meet Substantially Increased Capital Requirements

Published: October 3, 2012; 18:08 · (Vindobona)

EBA exercise to strengthen capital positions of large European banks concluded: Erste Group Bank AG and Raiffeisen Zentralbank AG meet the increased Capital Requirements, Austrian National Bank announces.

Austrian Banks Meet Substantially Increased Capital Requirements / Picture: © OeNB

The European Banking Authority (EBA) today published the final report on the implementation of the capital exercise it launched more than a year ago with the aim of strengthening the large European banks’ capital positions. The 71 banking groups participating in the exercise increased their capital base by a total of more than EUR 200 billion in 2012. The 27 banks that originally…

This article includes a total of 315 words.

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ISIN
AT0000652011, AT0000606306