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Volksbank: Romania Lowers Results
The losses in Romania constitute a distinct disadvantage, especially for the sale process of the East-Holding of the VBI.

VBI (Volksbanken International) should have operating losses in 2010, for the first time in history. Even in the crisis year 2009, VBI was able to achieve profits for € 47.5m. There are still no official results however.
The figures from Romania are far from encouraging for the ÖVAG group (Austrian Volksbanken). An value correction of over € 140m is expected. Some customers…
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