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UniCredit reorganizes Baltic operations

  • 2013-02-06
  • From wire reports
TALLINN - Italian bank UniCredit will leave Estonia and will consolidate its activities in the Baltic States in Riga, which market experts say worsens the competition in corporate financing in Estonia, reports Eesti Paevaleht.Manager of the bank’s Estonia branch office Taavi Laur explained that while the bank’s activities in the three Baltic States have been profitable, the competitive position and profit outlook of UniCredit are not sufficient as compared to the international banking companies operating in the same region, mainly Scandinavian banks. “The market shar...
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