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Austrian RBI Under Pressure
The Austrian National Bank (OeNB) and the Austrian Financial Market Authority (FMA) want Raiffeisen Bank International, the second-biggest lender in CESEE, not to repay the participation capital.
RBI Under Pressure / Picture: © Vindobona.org
In February, RBI carried out its largest capital increase in its history. In order to repay the participation capital to public and private investors, the second-largest lender in CESEE has issued shares worth € 2.78bn. Because of the high interest expenses, RBI´s management wanted to repay the participation capital amounting to € 2.25bn.
However, the…
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