RBI to Take Over Bank of Cyprus Affiliate?

Businessn.a. ♦ Published: April 18, 2013; 09:26 ♦ (Vindobona)

The Bank of Cyprus has split up with the assets of its Romanian affiliate. Apart from RBI, Banca Transilvania is a potential buyer.

RBI to Take Over Bank of Cyprus Affiliate? / Picture: © Flickr / St. Petersburg International Economic Forum

The Austrian Raiffeisen Bank International (RBI) is about to aquire further assets in Romania. According to the media, RBI has submitted an offer for the affiliate of Bank of Cyprus. However, the bank has not given any detailed statements apart from announcing general interest in the region. CEO of RBI Herbert Stepic has showed interest last week during the presentation of balance…