Volksbank rechristened Sberbank Magyarország
Volksbank has changed its name as of November 1 to Sberbank Magyarország, the bank informed national news service MTI.
The bank said it has launched its brand change process, as a result of which the branches will operate under the brand name Sberbank, just as in the case of the other central and eastern European units of Sberbank Europe. Russia-based Sberbank acquired Volksbank International’s business in Hungary along with the rest of its Central and Eastern Europe operations, with the exception of those in Romania, for €505 million in February 2012.
Lenders' Home Loan Outlays at HUF 344 bln in H2 2023
Gov't Awards HUF 6.5 bln of Subsidies to SMEs in Underdevelo...
Poland Retail Sales Growth Stable in March
Hungary Launches HUF 15 bln Tourism Sector Support Program
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
