VBAG: Capital Requirement up to € 1.0bn

Politics ♦ Published: November 16, 2013; 07:12 ♦ (Vindobona)

The partially nationalized Austrian bank needs further capital injections next year.

VBAG: Capital Requirement up to € 1.0bn / Picture: © Österreichische Volksbanken-AG (ÖVAG)

According to insiders, VBAG suffers from a substantial capital shortfall again. The bank´s management underlined that there are no capital shortfalls. “At the moment, we are planning for 2014. For us, the rumors are absolutely not comprehensive.”

However, public aids cannot be completely ruled out. VBAG´s management board explained that the banking group has to complete the…