Weinviertler Sparkasse and Erste Bank to merge

Professional Services › Banks ♦ Published: March 31, 2011; 00:08 ♦ (Vindobona)

The Merger is planned for September 2011, which is seen as "Logical next move" after the acquisition in 2009.

Weinviertler Sparkasse and Erste Bank to merge / Picture: © Erste Group / Helmut Lackner

Weinviertler Sparkasse and Erste Bank der oesterreichischen Sparkassen AG (Erste Bank Oesterreich) are scheduled to merge in September 2011 to form one credit institution. This decision was also approved by the supervisory board of the foundation of the minority shareholder “Privatstiftung Weinviertler Sparkasse” (0.51%) yesterday evening. Since 2009,…

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