Bank Austria Centralizes Operations in Baltic Countries

Professional Services › Banks ♦ Published: January 29, 2013; 23:09 ♦ (Vindobona)

The Austrian subsidiary of Italian UniCredit has shifted the units in Lithuania and Estonia to Latvia.

Bank Austria Centralizes Operations in Baltic Countries / Picture: © Uni Credit Group Bank Austria

In future, the operations in the Baltic countries will be centralized in Latvia´s capital Riga. Above all, Bank Austria wants to cut redundancies and lower the costs. At the moment, the business units in the Czech Republic and Slovakia are being merged too. The two countries will be operated from Prague.

According to UniCredit, the centralization of the banking units in the…

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