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Romania As Risk Factor for Austria´s Public Finance
Politics ♦
Published: March 2, 2013; 13:25 ♦ (Vindobona)
The partly nationalized Austrian banking group VBAG faces difficulties in Romania. The Austrian Ministry of Finance tries to prevent further capital injections into VBAG.
Romania As Risk Factor for Austria´s Public Finance / Picture: © Vindobona.org
At the beginning of 2012, Russian Sberbank acquired the subsidiaries of VBAG in the CESEE region. However, VBAG had to keep its Romanian subsidiary. For VBAG, VB Romania is still highly problematic. VBAG´s financial situation is worse than it is officially known, analysts say.
The NPL quota in Romania comes at 30%. VBAG has a share of 51% in VB Romania. The size of NPL in…
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