OeN: Austrian Banks Must Raise Capital, CEE Earnings to Stay Under Pressure

Austrian banks have to continue cost structure improvement measures and build up capital, the central bank OeNB recommends in the financial market stability report presented in Vienna. Banks' profitability remained under pressure in 2014, with earnings on Eastern activities declining significantly, mostly due to the worse credit quality, FX loans issues and the Russia/Ukraine crisis.

July 8, 2015