Growing Capital Shortfall at Volksbanken Group

Russia & CIS › Russia ♦ Published: November 24, 2011; 11:17 ♦ (Vindobona)

The Austrian bank will need another € 200m in order to comply with the EBA’s capital requirements. The price for the sale of VBI might be reduced to € 500m.

Growing Capital Shortfall at Volksbanken Group / Picture: © Wikipedia / MrPanyGoff

After Erste Group and Raiffeisen Group, Volksbanken Group (VBAG) is now also suffering from a widening capital shortfall. Due to the loss in the third quarter of the year, the bank would need an additional € 200m compared to summer 2011, Austrian newspaper “Wirtschaftsblatt” reported. The total shortfall would thus be approximately € 1.2bn. The total amount for the three biggest…

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