Austria: Province to sell Bank Burgenland

Article Abstract:

The province of Burgenland is to privatise the provincial bank, Bank Burgenland. It is hoped that the sale will reduce the province's liabilities of Sch 5bn by 50%.

Organizational history

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AUSTRIA: BANKS SWAP STAKES

Article Abstract:

With effect from 1 October 2000, Erste Bank has transferred its 22 branches in Styria to Steiermarkische Bank. In return Erste got a 14% stake in the Styrian bank.

Asset sales & divestitures, Erste Bank

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Subjects list: Commercial banks, Austria, Retail banking, Bank clearinghouses
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