Kärntner Sparkasse Finalized Withdrawal from Italy

Published: October 8, 2011; 11:59 · (Vindobona)

The Carinthian bank will close its operating business in Italy. The branches have been overtaken by the South Tyrolean “Südtiroler Sparkasse”.

Kärntner Sparkasse Finalized Withdrawal from Italy / Picture: © Sparkasse

An agreement for the sale of the Italian branches of Kärnter Sparkasse already has been signed.

In 2005, when Kärntner Sparkasse expanded to Italy, the bank wanted to act as alternative financial service provider for disappointed customers of major banks. After four years, the Carinthian bank group expected to realized profits. However, these plans did not work.

In 2010,…

This article includes a total of 146 words.

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