Raiffeisen Not Interested in Hypo

Professional ServicesBanks ♦ Published: June 6, 2011; 16:45 ♦ (Vindobona)

The Austrian bank group is currently expanding in Poland but it is not going to bid for Hypo Alpe Adria as an acquisition “would not make sense”.

Raiffeisen Not Interested in Hypo / Picture: © Raiffeisen Bank International AG / S. Klimpt

Erste Group and Bank Austria had already ruled out an acquisition of the Austrian business of Hypo Alpe Adria. CEO Walter Rothensteiner clarified that Raiffeisen is not interested either in such a deal and that the group is not planning to strengthen its business through acquisitions in the Balkans as it was recommended by analysts.

“We are currently purchasing the Polish…