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S&P Criticizes Weak Capital Base of Austrian Banks
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: © Vindobona.org
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…
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