€ 4.0bn Capital Requirement for Austrian Banks

People ♦ Published: October 17, 2011; 16:42 ♦ (Vindobona)

After the industrialist Hannes Androsch, also the Vice-President of the Austrian Central Bank (OeNB), Wolfgang Duchatczek, sees a need to support domestic banks.

€ 4.0bn Capital Requirement for Austrian Banks / Picture: © Vindobona.org

Regarding the current economic tendencies, the equity base of Austrian banks could be too weak. Hannes Androsch already emphasized several times his claim to strengthen the equity capital situation of Austrian banks.

Wolfgang Duchatczek, member of the board of the Austrian Central Bank, agrees with Androsch. According to Duchatczek, € 4.0bn could be needed soon. However, he…