UniCredit Bank Austria, better known as Bank Austria, has purchased 45% stake in Romanian lender UniCredit Tiriac Bank from Tiriac Holdings.
Go deeper with GlobalData
The transaction, which is set to close in June 2015, will boost Bank Austria’s stake in UniCredit Tiriac Bank to 95.6%.
Bank Austria’s CEE business head Carlo Vivaldi said: "Following our acquisition of the Royal Bank of Scotland’s retail and corporate customer portfolios in Romania, we are now further strengthening and expanding our market position in Romania through this transaction."
Bucharest-based UniCredit Tiriac Bank has around 3,350 employees and serves retail and corporate customers in more than 180 branches in Romania.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
