Bloomberg News

UniCredit Stays Eastern Europe’s Biggest Western Bank

June 28, 2012

Italy’s UniCredit SpA (UCG) remained the biggest western-owned bank by assets in eastern Europe, leading Austria’s Raiffeisen Bank International AG (RBI), which overtook Erste Group Bank AG (EBS) after an acquisition in Poland.

OAO Sberbank (SBER), the Russian lender which has 97 percent of its assets in the former Soviet Union, leads the ranking when domestically-owned banks are also included, data compiled by Raiffeisen Research shows.

Following are tables ranking the banks by assets in billions of euros and by sub-regions as of the end of 2011, according to Raiffeisen.

Central and Eastern Europe
----------------------------------------------------------
   Bank                               Assets       Market
                                      (EU bln)     Share %
1  OAO Sberbank                        269.3        12.1
2  OAO Bank VTB                        162.9         7.3
3  UniCredit SpA                       116.3         5.2
4  Raiffeisen Bank International AG     84.8         3.8
5  Erste Group Bank AG                  84.0         3.8
6  Societe Generale SA                  73.7         3.3
7  OAO Gazprombank                      59.3         2.7
8  KBC Groep NV                         55.0         2.5
9  PKO Bank Polski SA                   42.8         1.9
10 Intesa Sanpaolo SpA                  40.6         1.8
----------------------------------------------------------
Countries: Poland, Czech Republic, Slovakia, Hungary, Slovenia,
Latvia, Lithuania, Estonia; Romania, Bulgaria, Croatia, Serbia,
Montenegro, Bosnia-Herzegovina, Albania, Kosovo, Macedonia;
Russia, Ukraine, Belarus, Kazakhstan.

Central Europe
----------------------------------------------------------
   Bank                               Assets       Market
                                      (EU bln)     Share %
1  UniCredit SpA                        57.3         7.2
2  Erste Group Bank AG                  56.3         7.1
3  KBC Groep NV                         51.2         6.5
4  PKO Bank Polski SA                   42.8         5.4
5  Raiffeisen Bank International AG     40.8         5.1
----------------------------------------------------------
Countries: Poland, Czech Republic, Slovakia, Hungary, Slovenia,
Latvia, Lithuania, Estonia.

South Eastern Europe
----------------------------------------------------------
   Bank                               Assets       Market
                                      (EU bln)     Share %
1  UniCredit SpA                        31.7        13.3
2  Erste Group Bank AG                  26.8        11.2
3  Raiffeisen Bank International AG     22.9         9.6
4  Societe Generale SA                  19.3         8.0
5  Intesa Sanpaolo SpA                  16.5         6.9
----------------------------------------------------------
Countries: Romania, Bulgaria, Croatia, Serbia, Montenegro,
Bosnia-Herzegovina, Albania, Kosovo, Macedonia.

Commonwealth of Independent States
----------------------------------------------------------
   Bank                               Assets       Market
                                      (EU bln)     Share %
1  OAO Sberbank                        260.3        21.8
2  OAO Bank VTB                        162.9        13.7
3  OAO Gazprombank                      59.3         5.0
4  OAO Rosselkhozbank                   34.9         2.9
5  UniCredit SpA                        27.3         2.3
----------------------------------------------------------
Countries: Russia, Ukraine, Belarus, Kazakhstan.

To contact the reporter on this story: Boris Groendahl in Vienna at bgroendahl@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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