OAO Sberbank, Russia’s largest lender, wants to buy the international division of Austria’s Volksbanken AG Group without its Romanian unit to avoid consolidating its European Union business in the eastern European country, Mediafax reported, citing unidentified people familiar with the matter. Sberbank has asked Volskbank to exclude the Romanian unit, its biggest in eastern Europe, after visiting the Bucharest- based lender and meeting with the National Bank of Romania three weeks ago, the news service reported today, citing the unnamed bank industry people. Romania’s central bank would be the main supervisor of the Russian bank’s operations in the EU after the potential deal, according to Mediafax.
Access Investments-Building Awareness - European Union-ROMANIA
Thursday, May 12, 2011
OAO Sberbank, Russia’s largest lender, wants to buy the international division of Austria’s Volksbanken AG Group without its Romanian unit to avoid consolidating its European Union business in the eastern European country, Mediafax reported, citing unidentified people familiar with the matter. Sberbank has asked Volskbank to exclude the Romanian unit, its biggest in eastern Europe, after visiting the Bucharest- based lender and meeting with the National Bank of Romania three weeks ago, the news service reported today, citing the unnamed bank industry people. Romania’s central bank would be the main supervisor of the Russian bank’s operations in the EU after the potential deal, according to Mediafax.
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