Erste Group Expects Higher Equity Quota

Business › n.a. ♦ Published: September 12, 2012; 18:15 ♦ (Vindobona)

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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