Sponsored
Article Tools

Bank Austria Considers Leaving East European Markets

Published: March 30, 2012; 07:58 · (Vindobona)

UniCredit´s subsidiary may leave Baltic countries as well as Kazakhstan. CEO Cernko is optimistic to achieve more than € 1.0bn in profits this year.

Bank Austria Considers Leaving East European Markets / Picture: © UniCredit Bank Austria

Bank Austria is said to withdraw from Kazakhstan and Baltic countries. The subsidiaries may be sold. Bank Austria´s CEO Willibald Cernko said that all options must be analyzed. First, the market has to be eyed up. Before a sale is taken into consideration, the banks must be restructured. But Bank Austria is ready to discuss other solutions, Cernko explained.

After massive…

This article includes a total of 212 words.

or Log In

Fast News Search