VOLKSBANK INTERNATIONAL AG
A forerunner
Back in the year 1991, Volksbank AG (VBAG) became one of the first banks to initiate an expansion drive in the promising Central and Eastern European growth markets, setting up a subsidiary bank in Slovakia.
Success going East
Today, Vienna-based Volksbank International AG (VBI), of which a majority shareholding is owned by VBAG, manages a successful and expanding Bank Network consisting of 582 sales outlets in 9 Central and Eastern European countries: Slovakia, Czech Republic, Hungary, Slovenia, Croatia, Romania, Bosnia-Herzegovina (VB BH, VB Banja Luka), Serbia and, since January 2007, the Ukraine.
Since the end of 2004, both DZ BANK AG / WGZ BANK AG and Banque Populaire Caisse d'Epargne (BPCE) of France have each held a 24.5% shareholding in VBI.
Additional service
The international network of VBAG is complemented by a branch office in Malta. Furthermore, customers can take advantage of the know-how provided by specialised VBAG companies in the fields of complex, long-term corporate financing, factoring, real estate, leasing and insurance transactions.
Status: December 2009
