Along with acquiring part of Bank BPH by Pekao, Italian Unicredit agreed several months ago to be listed in Warsaw. Yesterday, the company had its debut. The stock was trading very high, much higher than in Milan. Unicredit is Europe’s third largest bank, and a leader in Central Europe. It has assets worth EUR 109bn. Last year’s sales amounted to EUR 5.3bn, while the net income: EUR 1.7bn. The bank has strong position in Turkey, Russia and Kazakhstan. Alessandro Profumo, Unicredit CEO, said that next year the bank would strengthen its position in these markets even more. It is going to launch 500 new outlets in all the countries.
In Poland, the Italians have 59.36 percent of Pekao. A 4.1 percent stake is still owned by the state. The ministry of the treasury has recently said it would like to get rid of the remaining stakes of banks it has.
“We have not talked with the ministry about it and
we don’t expect the process to be conducted next year. We don’t think we will
increase our stake of Pekao next year”, Alessandro Profumo believed.