UniCredit to Focus on Poland, Turkey and Russia

Business › n.a. ♦ Published: August 6, 2013; 23:33 ♦ (Vindobona)

UniCredit´s CEO pursues a selective growth strategy. The Austrian subsidiary recorded losses in the retail segment.

UniCredit to Focus on Poland, Turkey and Russia / Picture: © UniCredit

With a net income of € 361m in the second quarter of 2013, UniCredit has surpassed expectations. Despite increasing risk provisioning, the net income was up by 100% compared to the net income of the reference period of 2012. According to Ghizzoni, Bank Austria still has some upward potential. In the next months, Bank Austria will implement its cost-cutting program. In the CESEE…

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Federico Ghizzoni, Bank Austria, UniCredit, Banking Industry, Lending, Turkey, Russia, Czech Republic, Hungary, Poland, Earnings, Capital Markets
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