Sparkasse to take over Ohridska banka in North Macedonia

Sparkasse to take over Ohridska banka in North Macedonia

Published at: 2019-03-01 10:38 | Author: CIJ Serbia
Steiermärkische Sparkasse is planning to buy Ohridska banka in North Macedonia from Societe Generale. The purchase price was not disclosed, but Ohridska banka currently has €650m in total assets and employs more than 400 people. The transaction is expected to close in the coming months. Societe Generale announced last year that it would be pulling out of the East European region as well as markets where it is not among the top three lenders. Sparkasse has been operating in Macedonia since 2008. Once Ohridska banka joins its portfolio, Sparkasse’s assets will exceed €1bn.

Similar Stories:

Raiffeisen's expansion in Bosnia reaches 100th branch office
Raiffeisen Bank has opened its 100th branch office in Bosnia in Sarajevo on Mrehemica squa  »
AIK takes over Gorenjska banka
AIK banka has taken over Slovenia’s Gorenjska banka. The acquisition by the Serbian bank  »
ČSOB acquisition of ČSS given green light
The Czech antimonopoly office has approved a deal under which the bank ČSOB bought out th  »
K&H Bank’s Q1 profit fall 19%
K&H Bank’s first quarter profit fell 19 percent y-o-y to HUF 12.2bn. The lender’s  »
Can you explain the issue of the so-called Greed Tax that was created by the Romanian gove   »
CIJ: Why is the financial crisis from the last decade still relevant today? The echoes ar   »
One of the long-standing paradoxes of Slovakia’s property market has long how difficult   »
The future is not out of our hands. Indeed, the main purpose of organised real estate is t   »