Volksbanken Group Speeds Up Sale of VBI

Professional Services › Banks ♦ Published: July 13, 2011; 20:07 ♦ (Vindobona)

In the face of the looming negative result of the stress test, the Austrian bank is trying to conclude negotiations with Russian Sberbank.

Volksbanken Group Speeds Up Sale of VBI / Picture: © Österreichische Volksbanken-AG (ÖVAG)

On Friday, 15 July 2011, the European Banking Authority (EBA) will publish the results of the EU wide stress test. The Austrian Volksbanken AG (VBAG) is currently working at full speed in order to finalize the sale contract of Volksbank International (VBI) with Sberbank of Russia. VBAG will very likely not pass the stress test in which it participated for the first time. Last week, the…

or Log In

Fast News Search
Related News
European Stress Test Results to Be Published on July 15 (July 8, 2011)
OTP Bank Shows Interest in Volksbank International (July 7, 2011)
Sale of VBI to Be Signed in July (July 5, 2011)
Volksbanken Group to Sell Stake in RZB (June 28, 2011)
ÖVAG: Strong Provisional Results for Q1 2011 (May 19, 2011)
ÖVAG in the Black Again (May 5, 2011)
Read More
VBAG, VBI Volksbank International AG, Russia, Sberbank, M & A, Stress Test, Moodys, Banking Industry, EU European Union, EBA European Banking Authority
Featured
Vienna International Centre - Live-Ticker Coronavirus Situation: Several New Positive COVID-19 Cases, More than 100 Cases in Total
List of National Days of the Home Countries of All Foreign Missions and Delegations in Vienna, Austria
See latest Vindobona Newsletter