Bank Austria Considers Withdrawing from Kazakhstan

Published: November 16, 2012; 19:54 · (Vindobona)

ATF-Bank, the Kazakh subsidiary of Bank Austria is said to be sold.

Bank Austria Considers Withdrawing from Kazakhstan / Picture: © Uni Credit Group Bank Austria

According to the news agency Bloomberg, Bank Austria already prepares a sale of ATF-Bank. Bank Austria did not confirm this report. The sale is said to be concluded in the next weeks. Bank Austria already carries out negotiations.

In 2007, Bank Austria acquired ATF-Bank, which was the third-biggest Kazakh bank then. However, the Kazakh bank performed worse than expected. In the…

This article includes a total of 87 words.

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