VOLKSBANK
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Volksbank Head: We Won’t Resume Loan Sales Aggressively
Austrian-owned Volksbank, which ranks eighth by assets in Romania, wants to gradually resume retail lending, frozen over the past two years, but its officials say it will focus more on trans...
Sberbank Would Take Over Volksbank Romania Only After Austrian Owners Turn It Around
German Gref, CEO of Russian banking giant Sberbank, was recently in Vienna recently to participate in the negotiations to take over the assets of Volksbank International, where the Romanian...
Volksbank Expects Romanian Unit To Return To Profit In 2011
Volksbank Romania is estimated to return to profit in 2011, versus a pretax loss of EUR36 million last year, Volksbank International AG said Thursday.
Volksbank Romania Pumps EUR3M In Network Upgrades, Says Here To Stay
Volksbank Romania will invest over EUR3 million in network upgrades in 2011, as part of a wider strategy tweaking to restart growth, deputy president Lucian Cojocaru said Thursday.
Crisis Fallout In Banking: Four Foreign Groups Want To Sell Their Romania Operations
Four banks operating in Romania, one accounting for over 5% of the market, are waiting for investors to buy them in 2012-2013 at the latest, according to the official announcements made by t...
Volksbank Romania's Assets Fell To EUR4.7M In March
Austrian financial group Volksbank Friday said its Romanian net asset value fell to EUR4.7 billion in March from EUR4.8 billion at the end of 2010.
Volksbank’s Exposure To Romania Reaches EUR3.5B - VP
Austrian Volksbank’s exposure to Romania reaches EUR3.53 billion, covering over 70% of the assets of its local branch, an official of Volksbank Romania said Wednesday.