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Volksbanken Profitable Again

Published: January 7, 2011; 20:24 · (Vindobona)

The Austrian Volksbanken Group generated profits in 2010. The state’s money should be repaid this year.

Volksbanken Profitable Again / Picture: © Wikipedia / MrPanyGoff

In an interview with the daily newspaper "Kurier" the Director-General of the Volksbanken (ÖVAG) considers that profits are to be expected again, “a high figure in the tens of millions".

By 2015, Wenzel wishes to focus the bank on the traditional banking business, selling those areas that are not part of the core activities. The sale of the holding company for the…

This article includes a total of 243 words.

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