Russia’s and Eastern Europe’s largest financial institution, Sberbank, is planning to allocate EUR 200 million of corporate loans in Hungary by the end of 2012, vice-president Sergey Gorkov told a press conference in Budapest. Sberbank completed the purchase of Volksbank International in February and now has 300 branches and 600,000 clients in eight Central and Eastern European countries. The company plans to rebrand Hungarian Volksbank branches by the end of next year. “Because of its location and our already existing energy and other collaborations, the Hungarian market is very important for Sberbank,” Gorkov said.
