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UniCredit: No Withdrawal from Hungary

Published: August 7, 2013; 14:57 · (Vindobona)

CEO of UniCredit Federico Ghizzoni has rejected rumors about disengagement plans from Hungary.

UniCredit: No Withdrawal from Hungary / Picture: © UniCredit Banca

There is no need to restructure the bank in Hungary, and we have no plans fore disengagement,” Ghizzoni said, according to reports by the Italian media. The Italian major bank has showed positive results in the first half year. The Hungarian affiliate of UniCredit is administrated by Bank Austria in Vienna as well as operations in Turkey.

According to Ghizzoni, UniCredit was…

This article includes a total of 99 words.

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