GOODWILL
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Banks-Insurance
VIG To Write Down EUR75M Goodwill On Romanian Operations
Austria’s Vienna Insurance Group (VIG) said Tuesday it conducted a goodwill impairment test targeting its Romanian operations, which resulted in an impairment of EUR75 million on the general insurance segment.
Banks-Insurance
Raiffeisen: No Goodwill Booked For Romania
Raiffeisen Bank International on Monday said it acquired at a "very low cost" its Romanian subsidiary and since there is no goodwill booked, there is no need for write-downs.
Banks-Insurance
Erste Plans EUR700M Write-down Of Romania Goodwill
Austria’s Erste Group Bank AG (EBS.RO) Monday said it will partially write down its Romania-related goodwill by EUR700 million pre-tax, reflecting a slower-than-expected economic recovery.