The head of credit risk management at Ceska sporitelna said that the new Basel 2 rules on capital, which are to take effect in 2009, may be beneficial for Erste Bank thanks to its focus on the retail business, as the bank might see its capital needs softened in the long term. However, he added that credit rating agencies would not allow the bank to decrease its capital in the next three to five years. Neutral.
Source: Reuters
Tomáš Gatěk, Patria Finance