RBI May Pay Back State Aid Sooner

Politics ♦ Published: October 14, 2013; 19:22 ♦ (Vindobona)

For Austrian Raiffeisen Bank International, the state aid becomes more and more expensive. The repayment will take place before 2017, insiders report.

RBI May Pay Back State Aid Sooner / Picture: © Raiffeisen Bank International AG / S. Klimpt

In order to improve its capital structure, the second-biggest lender in the CESEE region asked for state aid in 2010. In total, RBI received participation capital of € 1.75bn. Moreover, private investors provided funds of € 750m.

Initially, RBI´s management intended to pay back the state aid until 2017. RBI´s CEO Karl Sevelda stresses that RBI is not under pressure.…