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Stephan Koren

Immigon Portfolioabbau AG: Yearly Financial Report 2017

immigon portfolioabbau ag is declaring the following financial reports below.

April 20, 2018

VBAG: No State Aids in 2014

The restructuring of VBAG Group is supposed to be completed until 2017, as announced by the banking group. From currently 48 regional bank shops in Austria nine regional banks are supposed to remain.

April 3, 2014

Austria: Elsner Files Lawsuit in US Supreme Court

Former BAWAG CEO Helmut Elsner filed a lawsuit over $ 1.8bn against members of the Austrian Social Democrat party (SPÖ).

March 7, 2013

Moody´s Downgrades Austrian VBAG

The U.S. rating agency underlines that the Austrian state will help the financially stricken bank further.

November 3, 2012

VBAG to Cut More than 1,000 Jobs

Today, the Austrian problem bank announced to sharpen its austerity program radically. Until 2017, VBAG must be downsized to the half of its current size.

September 21, 2012

Koren will be new CEO of VBAG

Starting from 1 september 2012, Koren becomes the new head of VBAG´s management board. New member of the board Rainer Borns should represent a „strong connecting link to regional Volksbanks“.

July 17, 2012

VBAG-Restructuring Proves Problematic

In March, the Austrian VBAG Banking Group became partly nationalized. A new CEO has not been found yet.

July 12, 2012

Government Battles for OeNB´s Reorder

The reorder of the supervisory board and the management board at the Austrian Central Bank( OeNB) was brought forward. Now, a dispute between the coalition parties arose.

June 2, 2012

Fekter Nominates Koren as VBAG´s Chief Executive

Maria Fekter, the Austrian Minister of Finance said that Stephan Koren already agreed to become CEO of the partly nationalized bank VBAG.

April 14, 2012

Koren to Become VBAG´s New CEO?

Finance Minister Maria Fekter aims to nominate the former Vice-CEO of Bawag as board director of VBAG.

March 24, 2012

Spindelegger New Vice-Chancellor and Head of ÖVP

Michael Spindelegger succeeds Josef Pröll as leader of the conservative party and Vice-Chancellor. Who will be in charge of the Minister of Finance, is still not clear.

April 15, 2011

Koren Leaves Bawag

Bawag P.S.K. announces that the Deputy Chief Executive Officer Stephan Koren will not be available for an extension of his term of office as of 1 May.

April 5, 2011

Publication of the stress tests on Friday

In the second half of July, the results of the stress tests for the 25 leading banks in the community will be published. Previously such reviews, as well as the national results of stress tests for all banks of a country, were kept top secret.

June 23, 2010