Bloomberg News

Rabobank CFO Bruggink Has Mixed Feelings on EBA Capital Target

October 27, 2011

Oct. 27 (Bloomberg) -- Rabobank Groep Chief Financial Officer Bert Bruggink said he has “mixed feelings” on the European Banking Authority’s new requirement for banks to hold 9 percent in core capital after sovereign debt writedowns.

“We all agreed it would be good to get to 9 percent,” he said in a phone interview with Bloomberg News today. “But the way it’s done is a bit forced. That may have side effects we can’t oversee yet.” It’s good news that EBA has concluded all Dutch banks meet the 9 percent-target, Bruggink said.

To contact the reporter on this story: Maud van Gaal in Amsterdam at mvangaal@bloomberg.net

To contact the editor responsible for this story: Martijn van der Starre at vanderstarre@bloomberg.net


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