BUCHAREST, April 30 UniCredit's local
unit has agreed to buy the retail operations of RBS in
Romania, which has about 315 million euros ($413 million) in
assets, for an undisclosed amount, it said on Tuesday.
It follows a similar deal last month for Austria's
Raiffeisen Bank International to buy Citibank's
retail portfolio in Romania and could herald other disposals in
central Europe by some western banks.
In a statement, UniCredit's Tiriac unit said the RBS unit
also had 230 million in liabilities and the deal, subject to
approval by the national bank and competition council, should be
closed in the second half.
For the full statement