Subtitle: Completion of the sale delivers 1.1 billion liquidity to VBAG and reduces risk by EUR 6.6 billion – final purchase price: EUR 505 million after payment of a fixed loss contribution by previous owners
The European Banking Authority (EBA) announced today the capital requirement for Österreichische Volksbanken-Aktiengesellschaft (VBAG) in order to fulfill EBA requirements by June 30, 2012.