Description Österreichische Volksbanken-Aktiengesellschaft (VBAG) is the parent company of subsidiaries operating in Austria and abroad. Since its partial nationalisation in April 2012, VBAG has been undergoing a transformation process that is based on a restructuring plan and consequently the requirements of the EU Commission and the Republic of Austria. VBAG is a winding-down bank that is required to discontinue or sell almost its entire proprietary business both in Austria and abroad.
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