Oesterreichische Volksbanken : VBLI subsidiaries in Poland and Romania sold

The joint venture between Österreichische Volksbanken-AG (VBAG) and VR-Leasing AG has sold VB Leasing Poland and VB Leasing Romania to the Polish company Getin Holding S.A. The closing took place today. Getin Holding therewith replaces 100% of the shareholder funding of the two companies at par (including accrued interest).

With the sale VBAG and VR LEASING AG have achieved another milestone in their strategic re-alignment to focus on their core business. The sale of the remaining subsidiaries of VBLI remains ongoing.

For further information, please contact:
Petra Roth
Österreichische Volksbanken-Aktiengesellschaft
Tel.: [phone]
Mail: [e-mail]