Bank Austria Creditanstalt should become the sole owner of HVB Bank Croatia, once the HVB general assembly votes the share transfer from EBRD to Bank Austria.

The assembly is scheduled for Apr 16, and EBRD should transfer 413 shares that represent 20% of HVB Bank Croatia’s capital.

The restructuring is in line with the strategy of HVB Group, reading that all participations of the group in Central and Eastern Europe should be managed by Bank Austria.

(IntelliNews 14.iv.03)