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Raiffeisen: „Do Not Need State Capital“
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Published: November 1, 2011; 11:34 ♦ (Vindobona)
Walter Rothensteiner, CEO of the Austrian RZB, intends not to sell shares in order to raise the equity base.
Raiffeisen: „Do Not Need State Capital“ / Picture: © Vindobona.org
Until June 2012, European banks need a core capital quota of 9.0%. RZB (Raiffeisen Zentralbank) and RBI (Raiffeisen Bank International) will present a concept before Christmas 2011.
The European Bank Authority (EBA) calculated that the three systemic Austrian banks, need € 2.9bn of further equity. For EBA, core capital consists of shares, retained profits and participation…
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