European Banks Leaving CESEE Countries

Russia & CISRussia ♦ Published: April 2, 2013; 19:18 ♦ (Vindobona)

Two banks from EU member state countries Sweden and Italy have announced withdraw from their holdings in Hungary, Russia and Ukraine.

European Banks Leaving CESEE Countries / Picture: © Banco Popolare

The Italian Banco Popolare has made an agreement with Magnet Hungarian Community Bank over the selling of its complete share of the Hungarian affiliate Banco Popolare Hungary. The deal with a volume of € 500,000 was announced by the Italian Bank today. According to the statement, Banko Popolare wants to focus on its core business now. The Hungarian affiliate was acquired in 2007 and…