The control upon Volksbank Romania has been transferred from Volksbank International to a vehicle specifically created for this purpose – VBI Beteiligungs GmbH, with an identical shareholder structure. According to a press release, the transfer of shares was conducted on October 21, when the new shareholding structure was inscribed in the Shareholders Registry. The transfer had been previously approved by the supervisory authorities of Austria and Romania. “The change of the shareholding structure will have no impact upon the bank’s operations. Volksbank Romania will operate in the same conditions as until now,” said Johann Lurf, President Volksbank Romania. VBI Beteiligungs GmbH has the same shareholders as Volksbank International: Osterreichische Volksbanken-Aktiengesellschaft (OVAG) – the majority shareholder, with a stake of 51 pc, and the cooperative banks DZ BANK AG / WGZ BANK AG of Germany, and Banque Populaire Caisse d’Epargne (BPCE) of France hold 24.5 pc of VBI Beteiligungs GmbH each. The new shareholding structure of Volksbank Romania is: VBI Beteiligungs GmbH (99.34 pc), EM.RO Popolare (0.33 pc), Banca Popolare di Vicenza (0.33 pc).