US EditionBankruptcy application filed for Euram's assets
Summary by Kronen Zeitung
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The European American Investment Bank (Euram) will soon be history: The Financial Market Supervisory Authority (FMA) filed for insolvency of Euram's assets with the Vienna Commercial Court on Friday. Liabilities are reported at around 300 million euros. The bank had only had limited legal capacity for a long time: At the beginning of 2024, Euram Bank's supervisory authority prohibited new business. This was justified by violations of the Financi…
·Vienna, Austria
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The bank is over-indebted due to "non-valuable loans". The liabilities amount to around 300 million euros.
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