BOSNIA-HERCEGOVINA: VOLKSBANKEN IN SARAJEVO

Article Abstract:

Osterreichische Volksbanken AG is to set up a bank in Sarajevo in the second quarter of year 2000. Also another Austrian bank is said to be in talks about setting up .

Osterreichische Volksbanken AG

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BOSNIA-HERZEGOVINA: AURO BANK TO AUSTRIANS

Article Abstract:

Hypo-Alpe-Adria, the Austrian bank controlled by the state of Carinthia and Grazer Wechselseitige , has signed an agreement to take over Auro Banka in Mostar. The Bosnia-Herzegovina bank employs 140 staff at 26 branches. The deal is worth DM 32mn. The Austrian bank also has 28 branches in Croatia. Croatia and Slovenia contribute about 25% to Hypo Alpe-Adria's balance sheet total.

AURO BANK

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Austria: Raiffeisen banks launch online broker

Article Abstract:

The Raiffeisen bank group in Austria, which has about 270,000 internet banking clients, has launched an online broker. Raiffeisen-trade.com aims to gain 15-18% of the Austrian market by the end of 2002. It aims to offer transactions on 30 to 50 stock markets. Currently the number is 19. Raiffeisen Zentralbank (RZB) and the regional Raiffeisen banks are investing Sch 150mn to 200mn in the online broker.

Securities Dealers, Securities & Commodities Exchanges, Investment Banking and Securities Dealing, Securities and Commodity Exchanges, Security and commodity exchanges, Debt & Equity Securities, Security brokers and dealers

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