"Sberbank expects to swing to a profit this year with the Eastern European business it bought from Austria's Volksbanken, deputy chief executive Sergei Gorkov told Austrian paper Die Presse.
He did not give a more precise forecast and said Sberbank was still weighing whether it would inject more capital into the former Volksbanken International, or VBI, business that required extra provisions last year to cover problem assets.
"We will reflect whether (capital injections) are needed or not, in consideration of the Austria business. They are not necessary at the current stage," he was quoted as saying in an interview published on Wednesday."
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