Business - n.a.

S&P Criticizes Weak Capital Base of Austrian Banks

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…

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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.

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