Erste Bank acquisition of Citi's Hungarian retail bank business

21/12/2015

Private acquisition

Status:

Completed

Date:

21/12/2015

Overview:

Erste Bank has acquired the Hungarian retail banking business of Citibank.
The acquisition was made jointly by Erste Bank Hungary and subsidiary Erste Befektetési.
The deal includes Citi's retail banking, consumer loans and card business.
Citi will remain in Hungary but focus on corporate banking.

Sam Duke - Editor

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