Preparations are underway and the transaction is expected to be closed in H2 2022, Erste said. Erste agreed to buy Commerzbank Zrt. in December 2021.
Commerzbank has a strong market presence in Hungary in the field of corporate lending, trade financing, and foreign exchange segment, Erste said.
Following the acquisition Erste's share in the corporate loan market will rise to over 10%, it added.
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