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VBAG to Sell Malta Affiliate

Published: March 23, 2013; 10:26 · (Vindobona)

VBAG is going to sell its small Malta subsidiary in the course of the EU downsizing program which the banking institute has commited to.

VBAG to Sell Malta Affiliate / Picture: © Volksbank AG

An investment bank has instigated the preparations as the sale process is supposed to begin at midyear. Most recently, the balance sheet showed € 800. Apart from the own local funding there has been introduced a profitable institute for international businesses, according to a manager. Malta has become a hub for businesses in Libya, he annouced admitting that under the reign of…

This article includes a total of 265 words.

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