Politics

RBI May Pay Back State Aid Sooner

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

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.…

This article includes a total of 436 words.

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RBI May Pay Back State Aid Sooner

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

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.