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Steiermärkische Interested in Hypo Group´s Subdidiary
The head of Austrian regional bank Steiermärkische Sparkasse said he was interested in buying some Balkan assets from nationalized lender Hypo Group Alpe Adria, a newspaper reported.
Steiermärkische Interested in Hypo Group´s Subdidiary / Picture: © Sparkasse
Gerhard Fabisch told the Wirtschaftsblatt newspaper in an interview printed on Tuesday his bank was keen to grow in the western Balkans and would consider buying Hypo units if the price was right and Basel III capital regulations allowed.
"In Serbia and Bosnia we have a market share under 10 percent and the Hypo share there would fit," he said, noting a deal could help it reach…
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