News » December, 2010 » 9 December 2010
Volksbank, sixth local bank, put up for sale
09.12.2010, 00:10 | Finance-Banks | 1045 views
Volksbank Romania, the sixth largest bank on the Romanian market by assets, which stand at 4.8 billion euros, could change hands over the next few months, after the management of Austrian group Oesterreichische Volksbanken-AG decided in mid-week to drop retail operations on markets in the region. Following this restructuring, Volksbank-AG, which last year resorted to the aid of the Austrian government to deal with the massive losses it was accumulating, is set to focus exclusively on corporate banking in Austria and adjacent markets. Read more on ZF.ro
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