Volksbank Romania Will Continue Activity, No Sale Talks For The Moment - CEO
Volksbank will continue to operate on the Romanian market, and an interruption of activity is out of the question, Friday said the bank’s chief executive officer Johann Lurf, adding shareholders will increase the bank’s share capital by EUR200 million next year.
The mentioned share capital increase is set to double the bank’s investment over the next two years.
“Volksbank Romania will continue to operate in Romania, and the possibility for an interruption in activity is out of the question! In addition, right now there are no talks on selling the bank in the near future,” Lurf said.
Lender Volksbank Romania will be transferred to a new division of Austrian group Volksbank, which includes non-core businesses, along with Volksbank Leasing International and Volksbank Malta.
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