VBAG Achieves Turnaround

Business › n.a. ♦ Published: May 29, 2012; 13:07 ♦ (Vindobona)

Stabilisation measures for the partly nationalized Austrian VBAG take effect: satisfactory first quarter result.

VBAG Achieves Turnaround / Picture: © Wikipedia / MrPanyGoff

Österreichische Volksbanken-Aktiengesellschaft (VBAG) Group has ended the first quarter of 2012 with a satisfactory result. The result before taxes was € 39m, the consolidated result after taxes and non-controlling interest amounted to € 22m. These figures show, that the stabilisation measures (capital reduction and subsequent capital increase, sale of Volksbank International AG,…

or Log In

Fast News Search
Related News
Substantial Losses at Volksbanken (May 26, 2012)
VBAG and Investkredit Announce Repurchase of Hybrid Capital (May 22, 2012)
RZB´s Rothensteiner: „Not Interested in VBAG“ (April 28, 2012)
Schelling Elected Chairman of VBAG (April 27, 2012)
OeNB: “Nationalizations Are Clean Up” (April 17, 2012)
Read More
VBAG, Earnings, Banking Industry
Featured
See latest Vindobona Newsletter