The Dutch bank will withdraw from the Czech Republic and Austria by the end of the year.
The Dutch bank ING wants to sell its private customers in Austria and the Czech Republic by the end of the year, as it announced at the beginning of the week. In the Czech Republic, according to a report in the “Presse”, the Austrian Raiffeisen Bank International (RBI) agreed in advance with ING to take over its Czech retail customers.
In March, the 375,000 ING customers received an offer from the Czech RBI subsidiary Raiffeisenbank to switch to them. Regarding the purchase price modalities, the newspaper only wrote on Thursday that the agreement was based on a commission principle, according to which Raiffeisen pays a predetermined amount for each ING customer won.
Before the deal, which is still to be approved by the antitrust authorities, the RBI subsidiary has served 1.2 million customers in the Czech Republic. This is already the largest foreign market for RBI, the local balance sheet total has so far been 18 billion euros.
For RBI, the move in the Czech Republic is the third within a few weeks. At the beginning of February, the purchase of Equa-Bank was announced by private equity investor AnaCap Financial Partners, a company specializing in consumer credit (480,000 customers).
The third deal was the purchase of Akcenta, a payment transaction provider with 43,000 customers in the Czech Republic, Slovakia, Hungary, Poland, Romania and Germany.
