Erste Holds Bank Holiday for Commerzbank Portfolio Migration

Banking

Erste Bank Hungary is holding a bank holiday from 10:00 in the evening on December 1 until midnight on December 4 while it migrates the clients and portfolios of Commerzbank Zrt, the lender said, according to a report by state news wire MTI.

Banking services will be limited during the period.

Erste Bank Hungary agreed to acquire Commerzbank Zrt. late in 2021 and the transaction was cleared in the fall.

The acquisition raises Erste Bank Hungary's share of the corporate lending market over 10%.

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