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Erste Group Expects Higher Equity Quota
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The Vienna-listed Erste Group expects that a new minimum equity quota will be prescribed in 2013.
Erste Group Expects Higher Equity Quota / Picture: © Erste Group / Christian Wind
Instead of an equity quota of 8.0%, Erste Group may be obliged to reach a 13% equity quota next year. Already in the first half of 2012, Erste Group´s equity quota came at 14.3%, however. The net profit was not included in that figure.
The Austrian Central Bank (OeNB) and the Financial Market Authority (FMA) examine the equity base of Austrian banks annually. A final decision…
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