BERLIN (Reuters) – Austrian banking regulator FMA said on Thursday it has ordered system-relevant banks in the country to increase their capital buffers by 0.25 percentage points to 0.5 percentage points, in response to uncertainty triggered by the war in Ukraine.
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The buffers are to be built up gradually by end-2023, FMA said in a statement.
Among those counted as system-relevant banks in Austria are Erste Group, Raiffeisen Bank International and UniCredit Bank Austria.
(Writing by Rachel More, Editing by Miranda Murray)
