VBAG to be completely Nationalized?

Politics ♦ Published: March 6, 2014; 06:20 ♦ (Vindobona)

According to experts, VBAG is the only Austrian bank which will not pass the stress test. In this case, there are only two alternatives: liquidation or full nationalization.

VBAG has not recovered yet. / Picture: © Österreichische Volksbanken-AG (ÖVAG)

The European Banking Authority (EBA) has begun to prepare its examinations for the stress tests. In total, the capitalization of 128 banks in the Eurozone will be assessed. Six Austrian banks will participate in the stress tests: Raiffeisen Bank International, Erste Group, RLB Wien-Niederösterreich, RLB Oberösterreich, Bawag and VBAG.

After 2008, VBAG´s rapid expansion course…

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