|
|
Bank Giants Merger Brings Stability to Bulgaria
|
The merger of the Italian UniCredit and the German HVB Group will create the most powerful bank group in Central and Eastern Europe, according to Peter Harold, CEO of HVB Bank Biochim and Hebros Bank in Bulgaria.
Italy's largest bank, UniCredit, and Germany's second-largest, HVB Group, confirmed on May 30 that they were in talks about a "potential business combination".
The German reassurance Munich Re Group announced it would sell its 18% share in HVB. This share, though, is too small to trigger the interest of the finance community, and most probably the deal will be limited to stocks exchange of the two groups, Harold explained.
If the deal goes this way, a new bank group will be formed - strong in Bavaria, North Italy and Austria. Besides, HVB and UniCredit have over EUR 30 B assets each in Central and Eastern Europe. This is a powerful position - the most powerful in the fastest growing region of Europe, according to Harold.
The deal could bring a market share of 25% to the Bulgarian banks Bulbank, Biochim and Hebros Bank. This would form a powerful finance group in Bulgaria, which is very good for the country, Harold said.
The main asset of such mergers usually is expense saving in many spheres.
In March Bank Austria Creditanstalt (BA-CA) has acquired a 89.92% stake and HVB Biochim Bank - a 9.99% of stake in Bulgaria's Hebros Bank thus consolidating the market presence of the Austrian banking institution in the country.
Through its two subsidiaries - HVB Biochim and Hebros Bank - BA-CA has rounded a 10% share in the local market and ranked third in capital assets (EUR 1.3 B) nationwide next to Bulbank and DSK Bank. |
|
all news >>
|
 |
|
 |
Bulgarian Properties |
Cheap Properties in Bulgaria >>
|
 |
Everyday is a new begining - SRUS2389
Brief: Houses for sale near Pleven
Area: 100 sq.m.
Price: 19950 EUR
|
|
|
 |
The perfect holiday gift - Bulgarian Property near Mineral Spring Water - More than 22 000 sq. feet of land RUS1592
Brief: Houses for sale near Veliko Tarnovo
Area: 90 sq.m.
Price: 11500 EUR
|
|
|
 |
Bulgarian Land Near the Black Sea coast - SLAND34 - only 12 Euros per sq. m.
Brief: Land for sale near Balchik
Area: 14000 sq.m.
Price: 168000 EUR
|
|
|
 |
In the heart of the mountain! My Bulgarian Property UN1209
Brief: Houses for sale near Veliko Tarnovo
Area: 90 sq.m.
Price: 27700 EUR
|
|
|
 |
A GIFT instead of an OFFER on the banks of Danube River! - Bulgarian Property RUS1572
Brief: Houses for sale near Veliko Tarnovo
Area: 100 sq.m.
Price: 17200 EUR
|
|
|
 |
House in a village called "THE PALCE OF GOD" - Land in Bulgaria - RUS1209
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 7900 EUR
|
|
|
 |
A place to be yours My Bulgarian Property RBP17
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 12000 EUR
|
|
|
 |
Live in the PLACE OF GOD - Property in Bulgaria
Brief: Houses for sale near Ruse
Area: 80 sq.m.
Price: 10900 EUR
|
|
|
 |
Invest in the future - SLAND09
Brief: Land for sale near Balchik
Area: 12000 sq.m.
Price: 9200 EUR
|
|
|
 |
Simply the best Bulgarian Property - RUS1289
Brief: Houses for sale near Ruse
Area: 100 sq.m.
Price: 20000 EUR
|
|
|
 |
Let the dream come true VUS1210
Brief: Houses for sale near Varna
Area: 80 sq.m.
Price: 44600 EUR
|
|
|
 |
Enjoy wonderful life in Ruse- RUS1298
Brief: Large apartments for sale in Ruse
Area: 90 sq.m.
Price: 72000 EUR
|
|
|
 |
Build your dreams RUS 1271
Brief: Houses for sale near Ruse
Area: 200 sq.m.
Price: 12000 EUR
|
|
|
 |
The FOURTH from our six sea pearls RUS 1269D
Brief: Houses for sale near Varna
Area: 154 sq.m.
Price: 181200 EUR
|
|
More Properties in Bulgaria >>
|
|
|
 |
|
|
|
| PROPERTY SERVICES |
|
|
|
|
|
| MORE SERVICES |
|
|
|
