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Kärntner Sparkasse Planning Partial Pull-Out of Italy

Published: May 18, 2011; 22:24 · (Vindobona)

The Austrian regional bank intends to close a part of its Italian branches. The credit business has suffered from the crisis; the future focus will be on deposits and private banking.

Kärntner Sparkasse Planning Partial Pull-Out of Italy / Picture: © Kärntner Sparkasse

Kärntner Sparkasse announced that it is planning the partial withdrawal from the Italian market. According to board member Gabriele Werzer, the bank is currently evaluating which branches will be closed down. She denied rumors about a complete pull-out of the country. The company will definitely retain a representation in Italy and wants to focus on deposit and private banking in the…

This article includes a total of 172 words.

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