Sponsored Content
Stepic on Austrian Banking Sector: „There is some Need for Reforms”
People ♦
Published: January 19, 2013; 14:04 ♦ Updated: January 19; 19:31 ♦ (Vindobona)
In an interview with the Austrian newspaper “Presse”, RBI`s (Raiffeisen Bank International) CEO Herbert Stepic explains that the current situation of the Austrian banking sector is ambiguous.
Stepic on Austrian Banking Sector: „There is some Need for Reforms” / Picture: © Flickr / St. Petersburg International Economic Forum
“Of course there is some need for reforms. But the chances are better than ever before.” Stepic argues that three big Austrian banks (VBAG, Hypo Group and Kommunalkredit) are being dissolved. As a result, a lot of capacities will be freed up, Stepic says. For the small Austrian banking market, this will bring substantial facilitations.
“There is still a number of banks…
or Log In
Fast News Search
ISIN