After months of negotiations, Vienna-based Raiffeisen International (RI) has signed a landmark purchase agreement to acquire a 93.5% stake in Ukraine’s second largest bank, Bank Aval.
The deal, which is still subject to regulatory approval in Ukraine and Austria, adds significantly to RI’s existing banking assets in Ukraine and reflects its pioneering style in central and eastern Europe.

The global giant clambers back up to number one and a different picture emerges as M&As filter through.

As the economy continues to expand, foreign banks are gradually moving into Albania, with growth in lending and consolidation. Kerin Hope reports.

Italy’s UniCredit has bolstered its presence in the ‘new Europe’ with its purchase of HVB. But, as Nick Spiro reports, integration will present it with a real challenge.

Vneshtorgbank is using its acquisition of Guta Bank to build up its retail services, planning more branches and aiming for a leading role in the mortgage market. By Brian Caplen.
Russian state-owned Vneshtorgbank is pushing ahead on the retail front, aiming to claim an 8%-10% share of the market by 2010. During that period, total assets are expected to rise from $15bn to $35bn, including a forecast rise in mortgages from $150m to $2bn and in consumer lending from $300m to $3bn.

Ukraine and Russia will be in the EU within the next 15 years, argue Peter Schwartz and Chris Coldewey, with Ukraine in pole position.

Ben Aris reports on the banking sector surge in Estonia, Latvia and Lithuania, spurred on by EU accession and foreign interest in the market.

A second round of consolidation and privatisation has begun in Romania’s banking sector, offering attractive propositions for growth. Matei Paun reports.

Raiffeisen International has been highly successful in entering new markets in central and eastern Europe and it now has plans for dramatic organic growth in Russia, CEO Herbert Stepic tells Stephen Timewell.

Following a year of ups and downs in the Russian economy, The Banker’s conference on May 11 attracted a good crowd, interested in the latest developments, reports Gerry O’Kane.