S&P Criticizes Weak Capital Base of Austrian Banks

Business › n.a. ♦ Published: September 7, 2012; 07:49 ♦ (Vindobona)

According to the U.S. rating agency, Austrian big banks should increase their equity base in order to compensate further risks.

S&P Criticizes Weak Capital Base of Austrian Banks / Picture: © Flickr / Ryan H

At the moment, EBA (European Banking Authority) imposes a 9.0% tier-1 capital quota. This quota was achieved by RBI, Bank Austria and Erste Group. However, S&P has an own definition of this quota. According to S&P´s calculation, Erste Group, RBI and Bank Austria only reach a capital quota of 6%. S&P does not take publicly held participation capital into account.“ We…

or Log In

Fast News Search
Related News
Slovenia „No Problem for Austrian Banks“ (September 5, 2012)
Bank Union: Austrian Banking Industry Cautious (September 1, 2012)
RBI Improves Results (August 29, 2012)
Goldman Sachs Lowers Expectations for Austrian Banks (August 27, 2012)
Read More
S & P, Banking Industry, EBA European Banking Authority, Capital Markets, Lending, RBI Raiffeisen Bank International, Erste Group, Bank Austria
ISIN
AT0000652011, AT0000606306
Featured
See latest Vindobona Newsletter