Equity Requirements of Austrian Banks are € 18 billion
Published: December 2, 2010; 15:51 · (Vindobona)
Due to the new Basel III regulations, Austrian banks will need a much stronger capital base by 2019. The estimation is € 15 billion to € 18 billion.
Equity Requirements of Austrian Banks are € 18 billion / Picture: © OeNB
The Austrian National Bank (OeNB) starts from the premise of additional equity requirements of € 18 billion for the banks. First, the "hard" equity (Core Tier 1) has to be replaced, amounting to about € 10 billion, and besides, the government aid for a volume of € 5.4 billion has also to be replaced.
Domestic banks would need up to € 1.5billion additional gains per year…
Fast News Search