The listed Unicredit Group wants to merge Unicredit Bank Slovenia with Unicredit Bank Austria. In the course of the merger, the Slovenian entity is to become a branch of Wiener Bank Austria. As announced in a broadcast, the group has started examining a merger. An evaluation plan is to be submitted to the committees and … Read more
EFinally the Austrian Raiffeisenbank International (RBI) is going on the offensive. The pressure from the public and the shareholders, which was built up primarily by Ukraine and most recently also by the European Central Bank, was too strong. The bank may part with its business in Russia. Now RBI boss Johann Strobl gave in to … Read more
Banca Popolare di Milano (BPM) Credit Agricole joined Banco BPM in the spring and now owns 9.18% of Italy’s third largest bank. (Photo: Reuters) Paris/Rom The large French bank Credit Agricole is approaching the insurance business with the Italian Banco BPM. The deal involves the supply of property insurance products and related services through BBPM’s … Read more
Even at the start of the year, property prices in Sweden were at their all-time highs, but now they’ve plummeted 15% from those heights. Such a decline in the housing market in the largest Nordic economy can second Agent Bloomberg delve into the nascent economic downturn, with commercial real estate the biggest risk. Growth in … Read more
The financing of the Czech governing administration this 12 months ever more relies upon on cash from abroad. According to the newest data from the Ministry of Finance, overseas buyers held a document 733 billion crowns in Czech federal government bonds at the conclusion of July. Fund players purchased $ 125 billion really worth of … Read more
MILANO – Unicredit finds itself, in spite of itself, having to deal again with problems related to the investment in bitcoin and cryptocurrencies by customers. On December 30, 2021, just before New Year’s Eve, the tribunal of Banja Lukaa city located in the Serbian Republic of Bosnia and Herzegovina, has in fact accepted in the … Read more
chs. Rome ⋅ Italian bank Unicredit is withdrawing plans to take over Russian lender Otkritie. The bank announced this on Friday. The reason is the geopolitical tensions surrounding Ukraine and the associated threat of sanctions. “We have withdrawn from the data room,” Unicredit CEO Andrea Orcel told reporters and analysts on Friday, in reference to … Read more
Unicredit is apparently interested in a possible takeover of the Russian Otkritie Bank FC, which was rescued by a moratorium a few years ago. CEO Andrea Orcel wants to expand the Italian bank’s presence in Eastern Europe again, people familiar with the matter tell Bloomberg. Unicredit specialists will start with the due diligence of the … Read more
– – The BNB identified eight banks as systemically significant. – The BNB Governing Council has identified eight banks as systemically important institutions, the central bank said. These are UniCredit Bulbank, DSK Bank, First Investment Bank, United Bulgarian Bank, Postbank, Raiffeisenbank Bulgaria, the Bulgarian Development Bank and the Central Cooperative Bank. As important banks for … Read more
Perhaps as early as Thursday, the Czech National Bank will approve the reintroduction of credit limits on mortgage loans, which it canceled last spring due to a coronavirus pandemic. According to some economists, this would be a rescue brake at a time of rising inflation. At the same time, many people will have to forget … Read more