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RBI Faces Austerity Measures.

People ♦ Published: November 27, 2013; 15:24 ♦ (Vindobona)

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Raiffeisen Bank International (RBI) does not take into consideration capital increase.

RBI Faces Austerity Measures. / Picture: © Raiffeisen Bank International AG / S. Klimpt

RBI faces austerity measurs of up to € 450m. On Wednesday CEO Karl Sevelda presented the details. In constrast to RBI’s biggest competitor Erste Group, which accomplished capital increase of more than € 600m, this option is not taken into consideration by the bank due to the low share price. Moreover, the repayment of state participation of around € 2.5bn is still…