Oct. 27 (Bloomberg) -- Raiffeisen Bank International AG and its parent company Raiffeisen Zentralbank Oesterreich AG plan to ask owners of as much as 1 billion euros ($1.4 billion) of non- voting capital to swap it into funds that are recognized by the European Banking Authority, according to a person familiar with the plans.
The plan will probably be one of the measures the lender will take to fill a 1.9 billion-euro capital gap EBA found at RZB, said the person, who was speaking on condition of anonymity because the plan isn’t public.
Raiffeisen declined to comment.
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