Raiffeisen: „Do Not Need State Capital“

People ♦ 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: © Raiffeisen Zentralbank Österreich AG / Peter Rigaud

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…