Activity in Central and Eastern-Europe
Bank Austria has a long tradition of operations in central and eastern Europe. After outbreak of world war I, foreign affiliates of the Creditanstalt and the Länderbank had to be abandoned. In 1975, Creditanstalt became the first western-bank to opened an office in Budapest. In 1997, activities of Creditanstalt and Bank Austria in the region were brought under the umbrella of a new holding company, Bank Austria Creditanstalt International. It was expanded to all foreign activities, with the exception of the Russian banks, a year later.
A great deal of Bank Austria's turnover is made in central and eastern Europe. The UniCredit network in the region includes 3.800 offices in 19 countries and about 71.000 employees.
Read more about this topic: Bank Austria
Famous quotes containing the words activity and/or central:
“With two sons born eighteen months apart, I operated mainly on automatic pilot through the ceaseless activity of their early childhood. I remember opening the refrigerator late one night and finding a roll of aluminum foil next to a pair of small red tennies. Certain that I was responsible for the refrigerated shoes, I quickly closed the door and ran upstairs to make sure I had put the babies in their cribs instead of the linen closet.”
—Mary Kay Blakely (20th century)
“My solitaria
Are the meditations of a central mind.
I hear the motions of the spirit and the sound
Of what is secret becomes, for me, a voice
That is my own voice speaking in my ear.”
—Wallace Stevens (1879–1955)