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Reduced, But Still High Shortfall at Austrian Banks
Politics ♦
Published: December 8, 2011; 19:59 ♦ (Vindobona)

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EBA shortfall for RZB Group set at approximately € 2.1bn, for Erste Group at € 0.74bn. However, the initial shortfalls were reduced for RZB.

Today the European Banking Authority (EBA) presented its model calculations for around 70 European banking groups. These calculations were based on data as per 30 September 2011. A core tier 1 ratio of 9% (as per the stress test definition) was set as a benchmark and will have to be met by 30 June 2012.
According to the current EBA capital definition, the EBA shortfall for the…
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