Bloomberg News

Austria’s Fekter Says Raiffeisen Will Meet Rules Without Aid

October 27, 2011

Oct. 27 (Bloomberg) -- Austrian Finance Minister Maria Fekter said she expected Raiffeisen Bank International AG to present a plan for how to fulfil its capital requirements without tapping state aid, she said in a radio interview today.

“Raiffeisen will present a plan” Fekter said. While the government still has 6 billion euros in capital it could inject into banks, Fekter said she got signals from all Austrian banks “that they can fulfil the requirements on their own.”

To contact the reporter on this story: Boris Groendahl in Vienna at bgroendahl@bloomberg.net

To contact the editor responsible for this story: Jonathan Tirone at jtirone@bloomberg.net


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