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Bank Austria Considers Leaving East European Markets
People ♦
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…
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