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4-Traders Homepage  >  Equities  >  Italian Stock Exchange  >  UniCredit SpA       IT0004781412

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Bank Pekao Sees 2012 Result At Last Year's Level -CEO

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05/10/2012 | 01:13pm CET

Bank Pekao SA (PEO.WA), Poland's second-largest bank by assets, expects its 2012 financial result at last year's level, Chief Executive Luigi Lovaglio told a press conference Thursday.

Net profit at the UniCredit Spa (>> UniCredit SpA) unit rose 15% on the year in 2011 to 2.9 billion zloty ($887 million).

Results for each of the remaining three quarters of this year won't be worse than in the first quarter, Lovaglio also said. Pekao said earlier Thursday its net profit rose 9.6% to PLN710.6 million, beating market expectations.

Lovaglio added Pekao hopes to grow faster than the market, and that the sales target of PLN10 billion for new loans this year looked realistic.

-By Patryk Wasilewski and Marcin Sobczyk, Dow Jones Newswires; +48 22 447 2432; marcin.sobczyk@dowjones.com

Stocks mentioned in the article : UniCredit SpA
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Financials (€)
Sales 2017 20 388 M
EBIT 2017 7 916 M
Net income 2017 2 571 M
Debt 2017 -
Yield 2017 3,52%
P/E ratio 2017 8,23
P/E ratio 2018 6,56
Capi. / Sales 2017 1,34x
Capi. / Sales 2018 1,32x
Capitalization 27 374 M
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Mean consensus OUTPERFORM
Number of Analysts 21
Average target price 15,7 €
Spread / Average Target 28%
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NameTitle
Jean-Pierre Mustier Chief Executive Officer
Giuseppe Vita Chairman
Ranieri de Marchis Co-Chief Operating Officer
Francesco Giordano Co-Chief Operating Officer
Marina Natale Chief Financial Officer
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