The agreement was concluded on December 21: the banking group GRAWE will take over the ten Anadi branches in Carinthia.
The banking group Grazer Wechselseiten Versicherung (GRAWE banking group), to which Bank Burgenland also belongs, has completed the acquisition of the branch activities and a selected loan portfolio in Carinthia with Anadi-Bank.
In concrete terms, this concerns all ten locations in Carinthia, including the customer activities carried out there and all employees working there, as well as a selected portfolio of SME and real estate financing, which is mainly located in Carinthia, as well as the specialized Anadi team based in Klagenfurt, who manages this has managed the financing to date.
About 70 employees of Anadi Bank will move to the GRAWE banking group.
What is still pending is the approval of the Austrian Financial Markets Authority (FMA), which is scheduled for September 2024.
The market area of the GRAWE banking group in the retail segment then extends over the “southern axis” of Carinthia-Styria-Burgenland and Vienna with a total of approximately 91,000 customers in 23 branches, which are mainly located in the capitals of the states and districts .
Following the transaction, Anadi Bank will focus on the Digital Banking and Public Finance business areas, both of which will be served from the headquarters in Klagenfurt, and on the corporate activities, which will be managed from the Vienna office. Customers for whom nothing is allowed to change will still be extensively informed.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
