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…

or Log In

Fast News Search
Related News
Bank Austria: Poland and Turkey are Most Attractive (December 19, 2012)
Bank Austria Considers Withdrawing from Kazakhstan (November 16, 2012)
Bank Austria: Cernko Confirmed as CEO (March 23, 2012)
Ghizzoni: „Austrian Bank Tax Is Painful“ (March 10, 2012)
Read More
Bank Austria, Latvia, Banking Industry, Estonia, Lithuania, Poland, M & A
Featured
How the People’s Republic of China Leverages Its Membership in Multilateral Organizations to Advance Its Geopolitical Interests
How China's Global Infrastructure Strategy Undermines European Integration in the Western Balkans and Beyond
See latest Vindobona Newsletter