Cyrrus (Cyrrus)
Czech markets  |  October 09, 2012 09:55:58

Erste reportedly considering the sale of Ukrainian assets


Erste information by Reuters considering selling its Ukrainian assets. Ukrainian Erste spokesman confirmed that the bank is considering all options including a possible sale. This would, in our opinion was on one side of logic, on the other hand very difficult, because foreign investors from Ukraine in bulk and potential buyers go is probably extremely low. Only in recent market activity completed two Swedish banks, the German bank Commerzbank sells its Ukrainian businessmen. Erste Bank Ukraine was bought in 2006, its share of the assets of the group is, however, very low (below 1%), and the bank has been showing a loss.Sales of this bank, we would welcome, although the impact on Erste will in any case practically neutral.

Marek Hatlapatka
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