Sberbank: Lawsuit Against VBAG

Business › n.a. ♦ Published: November 29, 2013; 17:43 ♦ (Vindobona)

The largest Russian banking group has filed a lawsuit against Austrian VBAG at the International Court of Arbitration.

Sberbank: Lawsuit Against VBAG / Picture: © Vindobona.org

The lawsuit against VBAG is mainly due to the sale price of VBAG´s former subsidiary VBI (Volksbank International). In Febuary 2012, Sberbank acquired the CESEE affiliates of Austrian VBAG. In November 2012, VBI was re-named in Sberbank Europe. Since then, Sberbank faces growing risk provisions. Non-performing loans are not only growing in Russia, but also in other…

or Log In

Fast News Search
Related News
VBAG: No Interest Payments on Participation Capital Until 2016 (November 28, 2013)
Sberbank Strives for Organic Growth in CESEE (November 27, 2013)
„Not Enough Bank Insolvencies“ (November 18, 2013)
Austerity Cuts at Sberbank (November 13, 2013)
VBAG to Downsize Radically (October 12, 2013)
Read More
Sberbank, VBAG, Banking Industry, German Gref, Russia, M & A
Featured
Coronavirus Situation at the Vienna International Centre (VIC): Live-Ticker - One New Positive COVID-19 Cases, Total of 55 Cases
List of National Days of the Home Countries of All Foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter