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Fekter: "1.76 Billion Repayment by Erste Bank is Good News for Taxpayers"

Published: June 25, 2013; 13:15 · (Vindobona)

Thanks given to Erste Bank for repayment of EUR 1.76 billion in participation capital

Fekter: "1.76 Billion Repayment by Erste Bank is Good News for Taxpayers" / Picture: © Wikipedia / World Economic Forum (Heinz Tesarek)

"This is extremely good news for the Austrian taxpayer", stressed Minister of Finance Dr. Maria Fekter. "The Erste Group bank will repay its entire outstanding participation capital of EUR 1.76 billion in the third quarter and perform a capital increase. The 1.76 billion includes approximately EUR 1.2 billion in government participation capital and EUR 559 million from private…

This article includes a total of 104 words.

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