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Do Austrian Banks Need More Capital?

Published: October 15, 2011; 19:37 · (Vindobona)

Recently, the prominent Austrian industrialist Hannes Androsch expressed his concerns about the equity situation of Austrian banks. Androsch sees many challenges for the domestic bank sector.

Do Austrian Banks Need More Capital? / Picture: © AIC

Hannes Androsch, the former Minister of Finance and member of the supervisory board of Fimbag (the holding company for the public participation capital for banks), thinks that the Austrian financial market needs a market adjustment.

For Androsch, the nationalized banks Hypo Group and Kommunalkredit are “unnecessary”. Austria does not need six big banks, Androsch explained.…

This article includes a total of 263 words.

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