Sberbank to Provide € 300m for VBI

Professional ServicesBanks ♦ 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: ©

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…