Brussels, 22/12/2009 (Agence Europe) - On Tuesday 22 December, the European Commission authorised Austria to provide a guarantee and carry out a capital injection in favour of BAWAG P.S.K. in order to improve the financial standing of the bank and protect it against the risk of potential losses linked to structured credit portfolios.
The issuing of Tier 1 participation capital is split into two tranches. The first of these, which will come from the Austrian state, is for a total of €385...