Rijecka banka, Erste Bank's 94%-owned Croatian subsidiary, intends to merge with Este & Steiermarkische Bank (in which Erste holds 41%), also of Croatia, in H1 2003. After the merger is finalized, the new entity will be the third-largest bank on the Croatian banking sector with approx. a 10% market share, 0.6 mil. clients, 115 branches, and total assets of EUR 1.85 bil. Expected. Source: Rijecka banka.
Jan Hajek