Raiffeisen Bank International AG signs agreement on the acquisition of Credit Agricole Srbija
By AmChamPublished On 05/08/2021
“We are convinced that Credit Agricole bank and leasing would complement our operations in Serbia, as we share the same values and corporate culture. I strongly believe that strengthened in this way we could provide innovative products and further enhance our customer experience for even more clients”, stated on this occasion Zoran Petrovic, Chairman of the Managing Board of Raiffeisen banka Serbia.
“Serbia is a very interesting market for us and offers an attractive growth potential. Credit Agricole Srbija would be an excellent strategic fit to our bank and our leasing operation in Serbia and the acquisition would support our growth ambition in the market”, said Johann Strobl, CEO of RBI.
As of Q2 2021 Credit Agricole Srbija had total assets of EUR 1.3 billion, while Raiffeisen banka a.d. reported total assets of EUR 3.4 billion. On the basis that deal completion is successful, there is a plan to merge Credit Agricole Srbija A.D. Novi Sad with Raiffeisen banka a.d. Beograd and CA Leasing Srbija d.o.o. with Raiffeisen Leasing d.o.o. Beograd.
