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VBAG: Call for Further State Aids Likely

Published: December 21, 2013; 11:50 · (Vindobona)

The Austrian VBAG (Volksbanken AG), top institute of the Volksbanken sector, still has a substantial capital shortfall.

VBAG: Call for Further State Aids Likely / Picture: © Wikipedia / MrPanyGoff

The weak point of the Austrian banking sector is the nationalized banking sector. At the end of last year, total assets of these banks came at 28% of Austria´s GDP.

After the financial crisis, the Austrian state nationalized Austrian problem banks. The first one was Kommunalkredit, which had to be sold by VBAG in 2008. In order to shift bad…

This article includes a total of 270 words.

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