Business - n.a.

Sberbank: Lawsuit Against VBAG

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…

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Sberbank: Lawsuit Against VBAG

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

Join us to succeed in Vienna!
Sign up to read articles for free and to get personalized updates on the events that interest you.