RBI Is Optimistic to Reach Equity Requirements Without Capital Increase
The Austrian Raiffeisen Bank International sees no need to raise capital. The 9.0% Tier 1 quota should be reached by June.
Austrian group Raiffeisen is on track to meet European Union capital requirements for banks by mid-year even without a rights issue from listed unit Raiffeisen Bank International (RBI). RBI also proposed keeping its dividend steady at € 1.05 euros ($ 1.4), making it the only major Austrian lender to make a payout on 2011 results.
RBI Chief Executive Herbert Stepic told…