Awards for Excellence 2002
Best bank: HVB/Bank Austria
The past 12 months have produced yet more M&A activity in central and eastern Europe as the key regional banks have improved their portfolio of countries, consolidated assets or expanded market share when already present. As most of the biggest banks in each country have been sold to a foreign owner already or are not on privatization lists, KBC’s April purchase of a minority stake in Slovenia’s Nova Ljubljanska bank and UniCredito’s majority stake in Croatia’s Zagrebacka Banca purchased in March look impressive.
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