RZB: an early mover targets new markets

Headline: RZB: an early mover targets new marketsSource: EuromoneyDate: September 2001         Herbert Stepic For some western banks operating in central and eastern Europe, some old habits are harder to break than others. Take for example RZB, Austria’s largest private banking group, which has been actively building a regional branch network largely […]

Headline: RZB: an early mover targets new markets
Source: Euromoney
Date: September 2001

       
Herbert Stepic
For some western banks operating in central and eastern Europe, some old habits are harder to break than others.

Take for example RZB, Austria’s largest private banking group, which has been actively building a regional branch network largely through organic growth since first entering Hungary via a joint venture in 1987.

Having watched over the intervening years as western rivals have paid an increasing premium to acquire market share, RZB appears reluctant to abandon at least some elements of its blueprint for success.







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