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Bank Austria To Boost Capital Base

Published: March 19, 2013; 14:18 · (Vindobona)

CEO Cernko wants Eastern Europe to play an important role again in the future.

Bank Austria To Boost Capital Base / Picture: © UniCredit Bank Austria

Bank Austria wants to reinforce the capital base in the first two quarters in 2013. CEO Willibald Cernko explained that he intends for the banking institute to prepare for a future expansion in Eastern Europe. He did not disclose any explicit figures yet. However, it can be assumed that the capital is provided by Italian parent company UniCredit. During the financial crisis, the…

This article includes a total of 229 words.

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