flagship unit and plug a capital hole exposed by a health check on euro zone banks. Sources close to the situation had told Reuters in August that Volksbanken, which has already got 1.05 billion pounds in public aid, did not have enough capital to pass a stress test which is being conducted as part of the ECB's health checks.įinance Minister Hans Joerg Schelling, who was Volksbanken chairman until last month, said this week that Austria was preparing a response that did not involve state aid in case Volksbanken fails the stress test.Īustria has a 43 percent stake in OVAG after a 2012 rescue. EC approval was required because VBAG was bailed out by the Austrian. The restructuring comes as the ECB conducts a health check of the big euro zone banks' balance sheets, with the results due later this month. The ECB declined to comment on Thursday's announcement. The plan must be approved by the European Central Bank, which will take over direct supervision of the euro zone's largest banks next month. Reuters had earlier cited sources familiar with the plan as saying the flagship would be turned into a 'bad bank' and wound down in a move that aims to resolve a looming capital gap at the group. In addition, The Vail Breast Cancer Awareness Group (VBAG) has granted the Sonnenalp Breast Center a 50,000 fund to help support women in need of diagnostic. Reduced risk of splash-back during use minimises cross contamination. After use, simply twist the bag and lock into position. Solid polyethylene ring with twist lock reduces the possibility of spillage after use. Graduated measurements to 1500ml for easy identification of volume.

'VBAG's aim is to carry on speedily with the wind-down process that has been running successfully for the last two years in order to fully liquidate its assets, and to meet its liabilities to creditors on the relevant maturity dates,' it said. Red ring easily identifiable for infection control purposes.

Vbag in health