Fitch Calls for Higher Capitalization of VBAG, Raiffeisen, Erste

Business › n.a. ♦ Published: December 21, 2011; 13:56 ♦ (Vindobona)

The Austrian banks’ viability ratings are under pressure due to low capitalization and the banks’ exposure to CEE.

Fitch Calls for Higher Capitalization of VBAG, Raiffeisen, Erste / Picture: © Fitch

Fitch Ratings calls for an improved capital structure of Austria’s largest banks. This was crucial, the rating agency wrote in its 2012 outlook for Austria’s lenders.

“Except for Bank Austria, large Austrian banks’ capitalization compares unfavorably with many international peers. Erste, RBI and Oesterreichische Volksbanken-AG have reported significant capital shortfalls…

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