Can technology power up bank mergers and acquisitions?
Recent consolidations in the SEE region are confirming the continuous M&A trend. In Bulgaria, Postbank (member of Eurobank Group) acquired the Bulgarian subsidiaries of Alpha Bank and Piraeus Bank, and DSK Bank (part of OTP Group) absorbed Societe Generale Expressbank; while very recently the Belgian KBC Group expanded footprint by acquiring Raiffeisen Bank Bulgaria.