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Bank Austria: Focus on Major Clients in CESEE

Published: April 18, 2013; 19:53 · (Vindobona)

In an interview with Austrian newspaper Standard, Head of CESEE division of Bank Austria, Gianni Papa, explains why the banking institute wants to focus on its core market.

Bank Austria: Focus on Major Clients in CESEE / Picture: © UniCredit Group

Papa explained that Bank Austria intends to grow organically in Central and Eastern Europe. Currently there are not any new acquisitions planned. However, he added, if the opportunity showed, Bank Austria was willing to give it a thought. Yet, the main criterion is the quality in assets.

Papa does not regard the selling of the Kazakhstan subsidiary as restructuring but talks…

This article includes a total of 448 words.

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