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Urgent Need for Capital at Austrian Banks

Published: December 21, 2010; 22:01 · (Vindobona)

Walter Rothensteiner, Chairman of RZB as well as the Credit Division of the Economic Chamber, considers that domestic banks are under massive capital pressure.

Urgent Need for Capital at Austrian Banks / Picture: © Raiffeisen Zentralbank Österreich AG / Peter Rigaud

The Chairman of the Board of Raiffeisen Zentralbank (RZB), Walter Rothensteiner comments in his second role of chairman of the Credit Division of the Economic Chamber about the difficult situation for the Austrian banks.

First, there are stricter capital rules with Basel III, and on the other hand, the bank tax and the new savings deposits insurance highly burden the capital…

This article includes a total of 198 words.

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