HVB Bank Biochim Awarded Best Bulgarian Bank

Published: 8 July 2005 y., Friday
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The international financial magazine Euromoney awarded the prize for best Bulgarian Bank to HVB Bank Biochim.

The Euromoney Awards for Excellence are highly valued. Together HVB Bank Biochim and Hebros Bank rank as the third largest Bulgarian financial group. The two banks are part of Austria's largest bank- Austria Creditanstalt (BA-CA).

In March 2005 Bank 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.

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."

Šaltinis: novinite.com
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