trending Market Intelligence /marketintelligence/en/news-insights/trending/BySJdC4kHPnboO4K7_hLrA2 content esgSubNav
In This List

Report: VÚB to absorb factoring, consumer finance units

Podcast

Street Talk Episode 87

Blog

A New Dawn for European Bank M&A Top 5 Trends

Blog

Insight Weekly: US banks' loan growth; record share buybacks; utility M&A outlook

Blog

Banking Essentials Newsletter 2021: December Edition


Report: VÚB to absorb factoring, consumer finance units

Slovak lender Všeobecná úverová banka a.s. plans to merge units VÚB Factoring and Consumer Finance Holding into its structures from January 2018, Sme reported Nov. 24 after news agency SITA.

The lender hopes that the merger will simplify and streamline processes, while improving services for clients and creating new opportunities that will help its business development.

Quatro, which is a consumer lending brand operating under Consumer Finance Holding, will continue to exist on the market as a separate division of the bank, the news report said, citing VÚB's head Alexander Resch.

VÚB is a unit of Intesa Sanpaolo SpA.