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BAWAGBank für Arbeit und Wirtschaft (Austria)
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BAWAG's IDRs and senior preferred debt rating are driven by its VR, which reflects our view of the bank's strong financial profile and management's successful record in implementing the bank's post-restructuring stabilisation and expansion strategy.
Bawag CEO, Anas Abuzaakouk, said, 'We're very bullish on the German market.
Cerberus-owned Austrian private bank BAWAG PSK and German regional lender Sudwestbank have signed a contract for the complete takeover of Sudwestbank AG by BAWAG PSK, the companies said.
Under the deal, MFC acquired the bank from BAWAG P.S.K.
Pursuant to the transaction, MFC will acquire the Bank from BAWAG P.S.K.
According to the chief financial officer, the US companies have still not decided on whether they will sell, merge or list Bawag. Alternatively, the lender itself may carry out an acquisition.
probability of government (systemic) support for BAWAG P.S.K.
Vienna: A Vienna court found six ex-directors of Austrian bank BAWAG not guilty of fraud Tuesday, in a case that saw disgraced former bank chief Helmut Elsner sentenced to nearly 10 years in jail.
The arrangers on the transaction were Gulf Bank, BAWAG, Arab Bank, First Gulf Bank, Noor Islamic Bank, and Sharjah Islamic Bank.
A year ago Barlow was still all but unknown outside Britain; she is now suddenly, at the age of 67, in high demand among exhibition venues in Europe, After showing work last year at Vienna's bawag Foundation and the Migros Museum in Zurich, she created new installations for her recent show at the Kunstverein Nurnberg.
Acquired from Chorny by Austrian Mobiltel Holding and Austrian Bank BAWAG in 2002, MTEL was sold in July 2004 in the largest-ever leveraged buy-out in Central and Eastern Europe.