UniCredit Group has, with the closing of the CEE transfers to BA-CA, completed the reorganisation of its Central Eastern European banking business. BA-CA is now the CEE competence centre within UniCredit Group for banking activities, acquiring the banking shareholdings in Bulgaria, Croatia, the Czech Republic, Estonia, Latvia (with branches in Estonia and Lithuania) Romania, Russia, Slovakia and Turkey.
In terms of total assets the business volume of BA-CA in CEE increases from around €40 billion to €70 billion. UniCredit Group’s CEE Division, which is being run by BA-CA, is now responsible for a market of more than 300 million inhabitants, meaning BA-CA’s radius of action has tripled.
“Our clients are the clear winners of this integration,” says Erich Hampel, the Board Chairman of BA-CA and Head of the CEE Division of UniCredit Group. “Our new network stretches from Bosporus in the Baltic States and from Bludenz to Novosibirsk.”