Raiffeisen Bank in Serbia takes over Credit Agricole Bank

Raiffeisen banka a.d. Beograd has signed an agreement to acquire 100 per cent of the shares of Crédit Agricole Srbija AD Novi Sad along with its leasing subsidiary, CA Leasing Serbia d.o.o. Successful completion of the transaction is subject to obtaining regulatory approvals.

“We are confident that Crédit 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 can provide innovative products and further enhance the customer experience for even more clients, ”said Zoran Petrovic, Chairman of the Managing Board of Raiffeisen Bank Serbia.

“Crédit Agricole Serbia is 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 Raiffeisen Bank International AG (RBI).

Crédit Agricole Serbia has around 356,000 customers. The bank is a leader in agri-business financing, with an over 20% market share.

As of Q2 2021, Crédit Agricole Serbia had total assets of EUR 1.3 billion, while Raiffeisen banka a.d. reported total assets of EUR 3.4 billion.

(Politics, 05/08/2021)


This post is also available in: Italiano

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