VBAG: FMA delivers JRAD decision

Equity ratio of 13.6% prescribed for Association of Volksbanks, as expected.

  • Österreichische Volksbanken-AG (VBAG), the central organisation of the Association of Volksbanks, today received the final decision of the FMA's joint risk assessment and decision process (JRAD).

    This states that the Association of Volksbanks must maintain an equity ratio of 13.6%, as the supervisory authorities had already announced in a draft decision on 19 December 2013.

    The equity ratio of VBAG and the Association of Volksbanks has increased significantly over the past two years through the rapid and successful reduction in RWAs and exceeds current requirements.

    The equity ratio will decline over the next few years due to regulatory requirements and possible higher costs because of winding down. VBAG's Managing Board is therefore in the process of examining possible capital measures.

    Contact details:
    Walter Gröblinger
    Österreichische Volksbanken-Aktiengesellschaft
    Tel.: +43 (0)50 4004-3864
    Mobile: +43 664 816 3732
    Mail to: walter.groeblinger@volksbank.com