Volksbank Rescued For The Third Time By Austrian State, Keeps Plans To Exit Romania

02.29.2012 By Claudia Medrega , Ciprian Botea

Austria's government invests a further EUR250 million in Volksbank’s capital after taking a 70% loss from a previous EUR1 billion injection, this being the third time since 2008 that the Austrian state intervenes to save the bank.

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Keywords:: VOLKSBANK; , AUSTRIA; , CAPITAL; , RECESSION; , BAILOUT

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