Volksbank Romania leaves Volksbank International

Newsroom 31/10/2011 | 15:05

Volksbank Romania, the 6th bank in Romania after asset value, has transferred its participations on October 21 to a special investment vehicle, with an identical shareholder structure. The new shareholder structure was registered in the Shareholders Registry, after receiving the acceptance from supervision authorities in Romania and Austria.

The shares of Volksbank Romania, previously owned by Volksbank International have been transferred to VBI Beteiligungs GmbH, through a specially designed vehicle.

“The changes in the shareholder structure do not impact in any way the operations of Volksbank Romania”, stated Johann Lurf, president of Volksbank Romania.

The new shareholder structure of Volksbank Romania is as follows: VBI Beteiligungs GmbH with 99.34 percent, EM.RO Popolare that owns 0.33 percent and Banca Popolare di Vicenza which owns 0.33 percent.

The Russian Sberbank acquired Volksbank International this September, in a deal that excluded the Romanian operations of Volksbank