RBI: No Capital Increase

People ♦ Published: March 23, 2012; 11:21 ♦ (Vindobona)

Christian Konrad, general attorney of the Raiffeisen sector, is against a capital increase at RBI (Raiffeisen Bank International). The 9.0% tier-1 quota will be reached without that measure, Konrad is convinced.

RBI: No Capital Increase / Picture: © Wikipedia / Franz Johann Morgenbesser (CC BY-SA 2.0)

According to EBA (European Banking Authority), RBI has a capital shortfall of € 2.1bn. Until the end of June, the gap must be closed.

Christian Konrad, general attorney and supervisory board director at RBI´s holding company, RZB (Raiffeisen Zentralbank) sees no need to hurry. RZB holds about 75% in RBI. The tier-1 capital quota will be reached without that step. “Until…