Reactions of Austrian Banks to Capital Buffer Requirements

Business › n.a. ♦ Published: October 27, 2011; 16:03 ♦ (Vindobona)

Raiffeisen Zentralbank (RZB) needs € 1.9bn, Volksbank Group (VBAG) € 972m and Erste Group € 59m in order to comply with the EBA’s new requirements.

Reactions of Austrian Banks to Capital Buffer Requirements / Picture: © Raiffeisen Bank International AG / S. Klimpt

Raiffeisen Zentralbank Österreich AG (RZB) said it welcomes decisions that aim to guarantee more stability in the euro zone. However, the additional capital requirement as determined by the European Banking Authority (EBA) appeared to be excessive, also in comparison with banks in such strongly impacted countries as Germany or France. The RZB Group had no sovereign exposure in either…

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