Common use of Central and Eastern Europe Clause in Contracts

Central and Eastern Europe. The Central and Eastern Europe segment is to be one of the central core areas of growth for Commerzbank (new). The aim is to become one of the key players among foreign banks in the region. Dresdner Bank’s existing activities in Central and Eastern Europe will be integrated into Commerzbank (new). In countries where parallel Commerzbank (new) and Allianz activities exist or are being developed, the intention is to build up possible cooperations between the Parties. The planned expansion will be driven forward by organic growth and external additions. The organic growth will result from the further development of existing business activities and the regional roll-out of business models already successful in other countries (e.g. m-Bank). The growth initiatives will focus on business in retail and corporate banking. Regional emphases will be determined in line with specific country rankings, which take account of market appeal, economic and political stability, and so on.

Appears in 1 contract

Sources: Transaction Agreement (Allianz Se)

Central and Eastern Europe. The Central and Eastern Europe segment is to be one of the central core areas of growth for Commerzbank (new). The aim is to become one of the key players among foreign banks in the region. Dresdner Bank’s existing activities in Central and Eastern Europe will be integrated into Commerzbank (new). In countries where parallel Commerzbank (new) and Allianz activities exist or are being developed, the intention is to build up possible cooperations collaboration possibilities between the Parties. The planned expansion will be driven forward by organic growth and external additions. The organic growth will result from the further development of existing business activities and the regional roll-out of business models already successful in other countries (e.g. m-Bank). The growth initiatives will focus on business in retail and corporate banking. Regional emphases will be determined in line with specific country rankings, which take account of market appeal, economic and political stability, and so on.

Appears in 1 contract

Sources: Transaction Agreement (Allianz Se)