Erste, RBI top up provisions with €258m in overlays

Austrian lenders remain reliant on model supplements as energy squeeze looms

Erste Group and Raiffeisen Bank International (RBI) topped up loan-loss reserves with €258 million ($259 million) in new overlays in the third quarter, seeking to insulate books from the cold spell about to sweep Europe’s energy-starved economy.

Erste Group increased post-model provisions by 83% compared with end-June, adding €147 million for potential losses in industries highly sensitive to energy price volatility.

  !function(e,i,n,s){var t="InfogramEmbeds",d=e.getElementsByTagName("script"

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here