Europe experts open up
Tuesday 9th January 2007, 12:00AM GMT.
AN Austrian bank with a focus on eastern Europe has been granted regulatory permission to open a branch in Jersey.
Raiffeisen Zentralbank (RZB) was established in 1927 and is ranked the 94th largest bank in the world.
It is a leading network in central and eastern Europe and has a presence in 16 markets there.
Initially RZB will be licensed in Jersey as a fund distributor and has been granted permits for seven of its Vienna-based funds.
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