Raiffeisen Plans Capital Increase

Businessn.a. ♦ Published: May 14, 2012; 16:42 ♦ (Vindobona)

The Austrian regional bank RLB Lower Austria – Vienna increases its capital base by € 500m, the chairman Erwin Hameseder says.

Raiffeisen Plans Capital Increase / Picture: © Raiffeisen Bank International

RLB Lower Austria – Vienna (Raiffeisenlandesbank Niederösterreich – Wien), the biggest shareholder of Raiffeisen Zentralbank (RZB), wants to strengthen its equity base. Until 2014, the equity should be raised by € 500m, the new CEO of Raiffeisen Holding Erwin Hameseder said. Details are not certain yet.

Hameseder ist he successor of Christian Konrad. Before, Hameseder was…