Banking News Flash - EIB & STB heading towards a merger
  • 30 Jan 2013
  • Sector Reports
Following months of rumours, Eximbank (EIB) and Sacombank (STB) formally signed a cooperation agreement on 29 Jan 2013. EIB currently owns 9.73% of STB and has been considering a merger between the two banks, so we see this agreement as a move in that dir