Treichl: Requirements for Banks Increased Massively

People ♦ Published: September 17, 2013; 19:05 ♦ (Vindobona)

According to the CEO of Erste Group, the requirements for banks have increased by three to six times. Moreover it has become harder for banks to finance small and medium sized enterprises (SME).

Treichl: Requirements for Banks Increased Massively / Picture: © Erste Group / Andi Bruckner

In case the current equity capital requirements were claimed in the mid-1990s, the whole European banking system would have been bankrupt, CEO of Erste Group Andreas Treichl said during the meeting of the Financial Market Authority (FMA) in Vienna. Treichl pointed out that it was not loans to SMEs that caused the financial crisis but the current requirements make it hard for banks to…

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