Wednesday, April 18, 2007

UPDATE 1-Raiffeisen sees big banks entering emerging Europe

(Reuters) - Most of eastern Europe's banking sector -- except Russia -- is owned by foreign banks, but the only big player with a meaningful presence is Italy's UniCredit . Raiffeisen Chief Executive Herbert Stepic said this would change.

"There is increasingly big interest in the region and there are four or five banks worldwide who could afford such a step," Stepic said at a news conference of Raiffeisen International's parent bank Raiffeisen Zentralbank .


Read more at Reuters.com Mergers News

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