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…