ÖVAG Participates in the Stress Test

Politics ♦ Published: April 9, 2011; 14:10 ♦ (Vindobona)

Unlike last year, the Austrian Volksbanken group (ÖVAG) is to participate in the EU-wide stress testing of banks. 5% equity is assumed as lower limit.

ÖVAG Participates in the Stress Test / Picture: © Wikipedia / MrPanyGoff

In addition to the Erste Group and Raiffeisen Bank International, this year ÖVAG is also participating in the stress test for banks. Bank Austria has been examined within the frame of the parent company UniCredit. Austrian banks were found to be in the middle of the rankings, partly also below average. The stress test revealed at any event, the high capital requirement of Austrian…