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Bank Austria: Bank of Moscow is No Longer an Issue
Bank Austria will not submit an offer for the Bank of Moscow, against all market speculations. Instead, it will open its own branches.
Bank Austria: Bank of Moscow is No Longer an Issue / Picture: © Vindobona.org
Instead of the purchase, the UniCredit subsidiary intends to grow by itself on the Russian market. The fact that Russia is as a priority for the growth strategy of Bank Austria has already been known for some time. Turkey and Romania are also considered as growth markets.
According to the new Chairman for the Eastern European Division, Gianni Franco Papa, Bank Austria intends to…
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