Erste Group Claimed of Being Interested in Croatian Banks

Politics ♦ Published: May 29, 2013; 15:15 ♦ (Vindobona)

There are rumors of the taking over of Hypo Croatia and HPB. However, the banks deny the speculations.

Erste Group Claimed of Being Interested in Croatian Banks / Picture: © Erste Group / Christian Wind

According to reports by the Croatian media, Erste Group has expressed interest in acquiring the Croatian affiliate of ailing Hypo Group. As announced by the newspaper "Vecernji list" referring to “informed circles in Croatia”, Erste Group plans on taking over the Hypo’s business in CESEE countries, and therefore the ones in Croatia. However, on inquiry of the Austrian Press…

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Serbia, Croatia, Banking Industry, Erste Group, Hypo Group Alpe Adria, Expansion, Downsizing, Andreas Treichl
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