Erste Observes SEE Region Intensively

Businessn.a. ♦ Published: October 11, 2013; 19:38 ♦ (Vindobona)

Vienna-listed Erste Group, which is the third-biggest lender in the CESEE region, wants to expand into Southeastern Europe.

Erste Observes SEE Region Intensively / Picture: © Erste Group / Christian Wind

Austrian Erste Group wants to grow in Southeastern Europe. Potential takeover targets were found in Croatia and Serbia.

At the moment, Croatia´s government privatizes HBP (Croatian Postbank). The Croatian state holds a 99% stake in the banking group.

In September, Erste Group´s subsidiary Erste & Steiermärkische Bank has submitted a first offer for Croatian HBP.…