VIENNA, June 26 Raiffeisen Bank International
is in no rush to repay Austrian state aid despite
rival Erste Group's push to pay back the capital with
the help of a rights issue, RBI Chief Executive Karl Sevelda
told a newspaper.
"We will repay the participation capital in tranches or in
one go," the Wirtschaftsblatt paper quoted him as saying in an
interview printed on Wednesday.
"We have time until 2017 for this," he said, reiterating
that a capital increase remained an option for the bank.
The Raiffeisen group raised around 2.5 billion euros ($3.27
billion) in non-voting participation capital after the financial
crisis broke out, of which 1.75 billion came from the state and
the rest from private investors.
Erste Group Bank on Monday said it would repay in the third
quarter 1.76 billion euros in participation capital and raise
about 660 million euros via a rights issue.
($1 = 0.7649 euros)
(Reporting by Michael Shields; editing by Georgina Prodhan)