Erste Bank acquisition of Citi's Hungarian retail bank business

21/12/2015
Private acquisition

Completed

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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