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Austria: Bawag to Pay back Participation Capital
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Published: December 2, 2013; 17:42 ♦ (Vindobona)
The Austrian Bawag announced its plans about paying back a further tranche of the state capital participation.
Austria: Bawag to Pay back Participation Capital / Picture: © BAWAG
As annouced, Bawag will pay back a further tranche this year of the state capital participation granted in 2009. This tranche has a volume of € 150m which makes a total of € 200m paid back this year from € 550m granted by the Austrian state. According to CEO Byron Haynes, the repayment was only possible because the capital position of the bank was supported…
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