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Credit Costs to Rise in the Wake of Basel III
Politics ♦
Published: July 20, 2011; 20:00 ♦ (Vindobona)
The new regulatory requirements are expected to increase the cost of credits and to reduce the Austrian banks’ profitability.
Credit Costs to Rise in the Wake of Basel III / Picture: © Calculation
Credit costs might rise by two to three percentage points in Austria due to the introduction of new equity capital regulations for banks (Basel III). “Pressure on interest rates will increase as less capital will be available”, explained Economy Minister Reinhold Mitterlehner (ÖVP) on Wednesday.
“The new capital and liquidity rules will reduce the banks’ profitability…
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