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S&P: More Funds For KA Finanz
Politics ♦
Published: April 18, 2013; 15:23 ♦ (Vindobona)
Austrian major banks are performing weakly. Risks increase in CESEE countries. S&P also warns of real estate bubble in Vienna.
S&P: More Funds For KA Finanz / Picture: © Wikipedia / Imalipusram
Even though the major banks in Austria have gained capital partly because of restructuring, they are still under-achieving and currently are at the level of banks in Ireland, Italy or France, according to Standard & Poor’s. The increased CESEEE risks have partly wiped out the effects of strengthening the bank's capital. The banks were advised once more to aquire fresh…
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