Greece’s Eurobank seeks to increase its market share in Serbia and would consider an acquisition if an opportunity arises, its chief executive told Reuters on the sidelines of a business forum, Reuters reports:
Eurobank, the only Greek bank operating in Serbia, is the EU candidate country’s seventh-biggest bank with a 4.5 percent share of the market.
Three of Greece’s four lenders operating in Serbia – Alpha Bank, National Bank of Greece and Piraeus Bank – have sold their branches due to the debt crisis. Some 30 banks, the majority of which are branches of European lenders, operate in Serbia, but analysts note is too many for a nation of 7 million.
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Source: ekathimerini.com
