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Bank Austria: Subsidiaries in Czech Republic and Slovakia to Merge

Published: November 13, 2012; 18:34 · (Vindobona)

Bank Austria´s holding company UniCredit starts a Business Refocusing Program in CEE.

Bank Austria: Subsidiaries in Czech Republic and Slovakia to Merge / Picture: © UniCredit Banca

As part of the implementation of the Strategic Plan, the Board of UniCredit approved today a project to combine its subsidiaries in the Czech Republic and Slovakia into a single cross border bank. This is part of the rationalization of the Group's presence in CEE. The integration, still subject to the relevant national authorities' approval, is expected to be completed by end 2013 and…

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