Article Tools

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…

This article includes a total of 198 words.

or Log In

Fast News Search
Related News
Erste Group is Holding Repayment of Public Funds (November 30, 2010)
Basel III: Banks Expect Lower Profits (November 11, 2010)
Global Financial Market System: Norbert Walter Urges for Regulation of Financial Markets (October 12, 2010)
Banks' equity - "Basel III costs 46 000 jobs" (July 21, 2010)
Survey - Restrictive lending in Austria (June 14, 2010)
IIF Meeting - Viennese outcry against Basel (June 10, 2010)
Read More
Banking Industry, Basel III, OeNB Austrian National Bank, Equity Markets, Funding, Economic Growth
Featured
Updated Directory of Foreign Ambassadors in Austria 2019
List of National Days of the home countries of all foreign Missions and Delegations in Vienna, Austria
Austria Appoints 15 New Ambassadors to Austrian Embassies Worldwide
See latest Vindobona Newsletter