No Dividends at Austrian Volksbanken AG

Professional ServicesBanks ♦ Published: September 21, 2011; 11:04 ♦ (Vindobona)

Österreichische Volksbanken Aktiengesellschaft – no payments on profit-related instruments for the 2011 business year.

No Dividends at Austrian Volksbanken AG / Picture: © Volksbank AG

The management board of Österreichische Volksbanken AG (ÖVAG) announces that due to the persistently difficult economic environment  a payment on profit-related instruments (shares, participation capital, hybrid capital and supplementary capital) in 2012 for the 2011 business year is unlikely from today´s viewpoint.

According to a current forecast the main reasons for the…