Erste Group to Sell Ukrainian Subsidiary

Businessn.a. ♦ Published: October 8, 2012; 19:07 ♦ (Vindobona)

This year, the Austrian bank plans to sell its Ukrainian business segment. Erste Group entered the Ukraine in 2006.

Erste Group to Sell Ukrainian Subsidiary / Picture: © Erste Group / Helmut Lackner

For Erste Group, the expectations were not fulfilled. Thus, the Ukrainian subsidiary may be sold soon. The Austrian banking group will check the market conditions. According to the spokeswoman Yelena Pavlovskaya, Erste Group considers whether to stay in Ukraine. The final decision will be announced this year. As a result, it is not excluded that Erste Group will keep its Ukrainian…