Sberbank to Provide € 300m for VBI

Published: July 13, 2012; 19:19 · (Vindobona)

The Russian Sberbank intends to inject € 300m into the Austrian VBI (Volksbank International). Growth into the CEE region should be promoted.

Sberbank to Provide € 300m for VBI / Picture: © Sberbank

The Russian news agency Ria Novosit reported that Sberbank plans a capital increase at VBI. This should help Sberbank to develop VBI´s business in Central and Eastern Europe. The funds should be allocated to different subsidiaries of VBI. Above all, a capital increase at the Slovenian subsidiary of VBI is planned.

The entry into the commercial segment has already been announced…

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Sberbank to Provide € 300m for VBI

The Russian Sberbank intends to inject € 300m into the Austrian VBI (Volksbank International). Growth into the CEE region should be promoted.

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