Change font size:   

 
No. 6: If you don’t give it to me you’ll only lend it to someone else and look where that got us

No. 6: If you don’t give it to me you’ll only lend it to someone else and look where that got us

10 reasons to tell your boss you deserve a bonus

Bank deleveraging has barely started

Bank deleveraging has barely started

Banks lending money to governments to help fund bank bailouts looks horribly circular

weeklyFiXLiquid real estate
Skip Navigation LinksHome :: Markets/asset classes :: Equities :: Anti-monopoly office greenlights Istrobanka’s acquisition by Belgian KBC.

Tuesday, July 1, 2008

Anti-monopoly office greenlights Istrobanka’s acquisition by Belgian KBC.





Anti-monopoly office greenlights Istrobanka’s acquisition by Belgian KBC. The Anti-monopoly Office (PMU) approved the acquisition of Istrobanka by Belgian KBC, the office announced. KBC also fully owns one of the largest banks in the country in terms of total assets – CSOB. A merger between CSOB and Istrobanka would leave the merged entity on fourth place in terms of share of total banking assets. PMU concluded that the merger would not create or boost a dominant position on the market for KBC as it would still have to meet competition from the three strongest banks in the country – SLSP, VUB and Tatra Banka. It also underlined that a merger between Istrobanka and CSOB would not raise its share in deposit services and credit services above 10% or 20% while the share in bank cards would not exceed 5% to 10%. Total asset volume of the new bank were estimated to have a rough 10% share in the aggregate banking sector’s assets. According to figures from the individual banks and the central bank, their combined assets amounted to EUR 6.3bn at end-2007, representing 12.7% of the total assets of the sector. Earlier, Istrobanka and CSOB announced that they would continue to operate separately this year but a merger between them was planned to start in early 2009.







EBITDA: Earnings before I tricked the dumb auditor

Top 10 financial definitions that are funnier since the credit crunch

  1. US treasury market reaches breaking point

  2. Top 10 financial definitions that are funnier since the credit crunch

  3. Top 10 reasons to tell your boss you deserve a bonus this year

  4. US equity market – Fails to deliver: The naked truth

  5. Eksportfinans turns to government for funding

Latest Issue

December 2008
Ruromoney Jobs Post a job

Home | Mobile site | Contact Us | Debt markets | Equities | Foreign exchange | Banking | Alternative Investments | Regions and Emerging markets | Polls & Awards | Structured credit | Back issues | Euromoney store | Useful links and Related events | Site Map

The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms and Conditions, Privacy Policy before using the site.

All material subject to strictly enforced copyright laws. © 2008 Euromoney Institutional Investor PLC.