Sponsored Content
VBAG: High Losses Ahead
Sponsored Content
The partially nationalized Austrian bank is expected to record losses of more than € 150m in 2012.
VBAG: High Losses Ahead / Picture: © Wikipedia / MrPanyGoff
According to the Austrian news magazine “Standard”, VBAG has registered substantial losses last year. At the beginning of November, VBAG´s management said that the losses may reach a double-digit million amount. “Due to the expected difficult frame conditions and the discounts for the downsizing portfolio, we do not expect interest payments on the participation capital.”…
or Log In
Sponsored Content
Sponsored Content
Sponsored Content
Fast News Search
Sponsored Content