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Resistance Against VBAG´s Structural Plans
Politics ♦
Published: December 20, 2011; 10:24 ♦ (Vindobona)
The Austrian VBAB recently announced to restructure their group. However, the idea of a “bad bank” is seen as disadvantageous.
Resistance Against VBAG´s Structural Plans / Picture: © Wikipedia / MrPanyGoff
VBAG still faces enormous troubles. The financially stricken bank has to report substantial losses this year, the participation capital provided by the Austrian state will not be paid back this year. In order to reduce not-profitable assets, VBAG wants to create a “bad bank” for their leasing business, the real estate segment, the business client segment and the Romanian…
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