Erste Group: Capital Shortfall to be Covered by Profits

People › Other ♦ Published: December 27, 2011; 16:45 ♦ (Vindobona)

The new equity requirements will be fulfilled, Erste Group´s CEO Treichl says. The capital shortfall amounts to € 743m.

Erste Group: Capital Shortfall to be Covered by Profits / Picture: © Erste Group / Daniela Beranek

For Treichl, Erste Group´s operating business is one of the strongest in Europe. A capital increase will not be needed in order to fulfill the equity requirements. The major part will be covered by profits of the fourth quarter of 2011 and of the first half year of 2012. European banks have to raise their core equity quota up to 9.0% by June 2012. Erste Group´s capital shortfall…

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