Capital Requirement of Austria's Banks: € 19bn

Published: April 21, 2011; 15:43 · (Vindobona)

According to the Austrian National Bank, domestic banks needed at least € 19bn in equity capital by 2010 to meet capital requirements.

Capital Requirement of Austria's Banks: € 19bn / Picture: ©

The National Bank (OeNB) refers to the high capital requirement for domestic banks. According to Basel III rules there are new capital requirements for banks, adding an extra capital requirement of € 10bn, based on the core capital. The entire equity will be strengthened by € 19bn.

At the end of 2010, the equity of Austrian banks amounted to € 86.2bn and the equity ratio…

This article includes a total of 177 words.

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