VBI: Sberbank Injects € 300m

Professional ServicesBanks ♦ Published: April 24, 2012; 17:00 ♦ (Vindobona)

The Russian Sberbank raises the equity base of its new Austrian subsidiary VBI, which should become the hub for the CEE region.

VBI: Sberbank Injects € 300m / Picture: © Vindobona.org

After VBI was sold to the Russian Sberbank in February, the bank becomes a universal bank. The entry into the commercial segment has already been announced.

Today, Sberbank decided to inject € 300m in VBI, the re-elected CEO Friedhelm Boschert said. Sberbank improves VBI´s capital base in order to generate growth in the CEE region. VBI Group should act as headquarters for…