Raiffeisen Bank International, one of Austria's foremost banks, has said that part of its capital requirements would be met by financial investors. This is what the bank's CEO said in a newspaper interview.
Previously, Karl Sevelda, the bank's CEO had not repeated his previous statements the thrust to seek a new partner, with a preference for wealth funds from the Middle East. The move was designed to increase the balance sheet of the bank and assist in the repayment of Eur2.5 billion or US$3.3 billion of bailout funds infused into the bank back in 2017.
In an interview with Kronen Zeitung, Sevelda said, "There are several possibilities, from a capital increase to small stakes for financial investors to retained earnings - or a combination of all of these."
He said RBI had netted a net loss in its investment in Hungary. Currently, the government is reconsidering measures to assist households in paying foreing currency mortgages whose expense is borne by the lenders.
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