Increasing Capital Requirements for Austrian Banks

Business › n.a. ♦ Published: November 19, 2011; 15:20 ♦ (Vindobona)

The Austrian Raiffeisen Bank International (RBI) needs to raise its equity base by € 2.5bn instead of € 1.9bn, the bank supervision claims.

Increasing Capital Requirements for Austrian Banks / Picture: © Vindobona.org

Bad news for RBI: the European Bank Authority (EBA) upgraded capital requirements for European banks. As a result, the previously expected capital requirement of € 1.9bn has been raised to € 2.5bn. Raiffeisen now has to look for another € 600m. The deadline is still summer 2012.

The increase in the further needed capital was due to the fact that EBA´s calculations based on…

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