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Austrian Banks Must Downsize in Hungary
Erste Group and Raiffeisen Bank International (RBI) must streamline their operations. Nevertheless, a further capital increase could become necessary.
Austrian Banks Must Downsize in Hungary / Picture: © Vindobona.org
According to market observers, Austrian banks could be forced to increase capital of their Hungarian subsidiaries. The analyst of Macquarie, Thomas Stögner, comments: “A further capital increase cannot be excluded.”
By contrast, Erste Group and RBI are confident that the last capital increase will be sufficient. In October, Erste Group had to transfer € 600m to the…
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