Arab Today, arab today sberbank to boost volksbank capital
Last Updated : GMT 10:54:12
Arab Today, arab today
Arab Today, arab today

Sberbank to boost volksbank capital

Arab Today, arab today

Arab Today, arab today Sberbank to boost volksbank capital

Moscow - Ria Novosti

Russia’s state-controlled bank Sberbank intends to add 300 million euros to Volksbank International (VBI) this year to recapitalize its newly acquired Austrian asset, Austria’s Der Standard newspaper reported, quoting VBI Board Chairman Friedhelm Boschert. The bank’s recapitalization will help Sberbank develop its business in Central and Eastern Europe and Austria. Sberbank acquired 100 percent of Volksbank International (VBI), an Eastern European subsidiary of Austria\'s Oesterreichische Volksbanken AG banking group, for 505 million euros in early 2012 in order to further expand into Europe. Excluding VB Romania, VBI has 295 branches and over 600,000 clients. VBI’s subsidiaries are within the top ten financial institutions by total assets in Bosnia and Herzegovina, Croatia, the Czech Republic, and Slovakia, and within the top 15 financial institutions by total assets in Hungary, Serbia and Slovenia. Sberbank plans to develop VBI as a banking institution to provide services to corporate customers, which requires permission from the Austrian regulator.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sberbank to boost volksbank capital Arab Today, arab today sberbank to boost volksbank capital

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today sberbank to boost volksbank capital Arab Today, arab today sberbank to boost volksbank capital

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday