Raiffeisen’s Capital Shortfall Grows to € 2.5bn

Companies ♦ Published: November 18, 2011; 13:14 ♦ (Vindobona)

The Austrian bank said it would not require state support to ensure compliance with the new requirements set by the European Banking Authority.

Raiffeisen’s Capital Shortfall Grows to € 2.5bn / Picture: © Raiffeisen Bank International AG / S. Klimpt

The Raiffeisen Zentralbank (RZB) Group's business volume continued to grow during the third quarter of 2011. As RZB CEO Walter Rothensteiner has already announced during the past few weeks, the increased business volume has an impact on the capital requirement based on the new guidelines of the European Banking Authority (EBA). This EBA shortfall is likely to rise by € 600m to around…