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by Alex Akesson on April 20, 2007

KBC Group Chief Executive Andre Bergen said in a statement, "KBC's long-term strategic plans entail further expansion in the markets of emerging Europe. Russia is therefore an extension of our existing presence in neighboring Central and Eastern Europe."
KBC's corporate history shows the successful expansion into the emerging countries of Central and Eastern Europe which have joined the European Union in 2004, such as Hungary, Poland, the Czech Republic and Slovakia.
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Permalink: KBC Acquires Majority Stake in Absolut Bank
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