Volksbanken to Repay $820 Million State Capital, Standard Says
2011-02-18 17:05:12.516 GMT
By Boris Groendahl
Feb. 18 (Bloomberg) -- Oesterreichische Volksbanken AG plans to redeem 600 million euros ($820 million) in state capital this year, Austrian daily newspaper Der Standard reported, citing no one.
The repayment will be funded in half by the regional banks that own a majority of Volksbanken, and in half by the sale of its eastern European unit Volksbanken International AG, the paper said.
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