RZB which own biggest lender in Central and Eastern Europe, Raiffeisen International will use the funds to raise its core capital ratio to 9%, Die Presse informs.

RZB will probably request less than Erste which was the recipient of a 2.7 billion euros capital injection from the Austrian government.

A spokesman at RZB did not want to comment the press report but stated that “The Erste Bank model is very practical. We are looking very closely at developments and will make the best choice for our customers and shareholders”.

Erste announced last week it will bolster capital with a capital injection from the government, being the first Austrian bank to accept funds from state's 100 billion euro bank support program, the move being well perceived by the market.

On Monday, the Austrian state nationalized Kommunalkredit, a lender specialized in the public sector.

Raiffeisen International is present in Romania with Raiffeisen Bank, Raiffeisen Leasing, Raiffeisen Capital & Investment, Raiffeisen Asset Management, Raiffeisen Investment Romania and Raiffeisen Housing Bank.