Oesterreichische Volksbanken : Volksbank Romania S.A. to be sold to Banca Transilvania

The current shareholders of Volksbank Romania S.A. (VBRO) - Österreichische Volksbanken-AG (VBAG), Groupe BPCE, DZ BANK AG and WGZ BANK - agreed to sell VBRO to Romanian Banca Transilvania. Signing of the contracts took place today. The closing of the transaction is subject to approval by the National Bank of Romania and the competition authorities and is expected within the first half year of 2015.

VBAG-CEO Stephan Koren: "With the sale of Volksbank Romania, VBAG reached another major milestone in the implementation of the EU restructuring plan. The rapid and successful sale was made possible by the close and professional cooperation with the co-shareholders."

VBAG-Deputy CEO Michael Mendel: "We wish to thank the management and staff of VBRO for their commitment in the bank's repositioning process. With Banca Transilvania, VBRO will have a very good new owner for the benefit of its staff, customers and partners."

The vendors were advised by Rothschild & Cie and Schönherr Attorneys-at-law.
About Volksbank Romania: VBRO has 135 branches, 190.000 clients and total assets of EUR 3.1 billion. VBAG holds a 51.0% interest in VBRO, Groupe BPCE 24.5%, DZ BANK AG 16.36% and WGZ BANK 8.14%.

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