Erste Group to be Relocated to the Czech Republic?

People ♦ Published: April 9, 2014; 18:08 ♦ (Vindobona)

CEO of Erste Group, Andreas Treichl, has informed Czech President Milos Zeman about the bank’s intention to move to Prague in the coming years.

Erste is considering relocating its headquarters to Prague. / Picture: © Erste Group / Helmut Lackner

According to the Czech President, the Austrian lender is considering to relocate its headquarters. On Wednesday Zeman announced that he was informed by Treichl that the financial institute is considering moving its headquarters from Vienna to Prague. However, further details were not mentioned.

The Czech affiliate of Erste Group, Ceska sporitelna, is highly profitable for the…