Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Sberbank Acquires Volksbank
15.07.2011 15:41
Sberbank Acquires Volksbank

Russia's largest bank Sberbank is going to purchase 100% of the Eastern division Oesterreichische Volksbanken, Volksbank International. This is the first purchase of Sberbank outside CIS. 

      According to German Gref, Chief Executive Officer of Sberbank, this is the first step in transforming Sberbank into a global bank. He added, that Sberbank sees 5% to 7% percent of its revenue coming from foreign operations by 2014. 

      According to Bloomberg, the company agreed to buy "VBI from Austria’s Volksbanken, Germany’s DZ Bank AG and WGZ Bank AG, and French Groupe BPCE". It is planned to sign an agreement at the end of July.  

      lenta.ru

      bloomberg.com

Author: Ksenia Dzhalagonia

Tags: Sberbank Russian banks    

Next Previous


You might also find interesting:

Russian Companies were Minimally Involved in the Transactions on the Purchase of Foreign Business in 2019
20.05.2019
American Marketplace iHerb Opens a Division in Russia
21.11.2019
Russian Business Doesn't Go Digital
24.07.2019
Venture Fund for Food Tech Startups
27.09.2019
AliExpress will Sell Goods of Russian Retailers and Manufacturers
25.04.2019







Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share

search on the map
TAGS:
Engraving  Tourism cluster  Festivals in Moscow  Tver  Yakutia  State Duma  2018 World Cup  Books  Russian regions  oil  Exhibitions in Perm  Sakhalin  Skolkovo Institute of Science and Technology  travel to Russia  Russian business  Russian sports  Historical Exhibitions  Moscow  Events in Moscow  St. Petersburg  Cosmodrome Vostochny  Mercedes-Benz Fashion Week Russia  Karachev  Russian tennis players  Spartak Moscow  Murmansk  Book Hotels in Saint Petersburg   Exhibitions in Moscow  Tragedy  swimming in Moscow  culture  Robots  Armament  computer  Alexander Lebedev  Ded Moroz  Krasnodar Territory  Darwin Museum  Andrey Zvyagintsev  Russian Traditions  Russian opera singers  Nason-city  Fake Paintings  Siberia  Three Brothers  Moscow Cultural Forum  Russian Cinema  Russian Music Instruments  Genesis  Russian tourism 


Travel Blogs
Top Traveling Sites