quired savings banks and financial institutions in countries adjacent to

Quired savings banks and financial institutions in

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quired savings banks and financial institutions in countries adjacent to Austria. We intend to be the leading bank between Germany and Russia in the medium to long term. Today, we operate extensive branch networks in our core markets of Austria, the Czech Republic, Slovakia, Hungary and Romania – all of which are members of the European Union – as well as in Croatia, which is set to join the European Union in mid-2013. Following significant invest- ments into our subsidiaries, we hold leading market positions in many of these countries and therefore focus on organic growth. In Serbia, which has been assigned European Union candidate sta- tus, we maintain a minor market presence, but one which may be quickly expanded through acquisitions or organic growth as the country makes progress on European Union integration. Ukraine Strategy
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