Member access

4-Traders Homepage  >  Shares  >  Italian Stock Exchange  >  UniCredit SpA    UCG   IT0004781412


SummaryQuotesChart AnalysisNewsCalendarCompanyFinancialsConsensusRevisions 

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

05/10/2012 | 07:13am US/Eastern

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;

Stocks mentioned in the article : UniCredit SpA
Recommend :
React to this article
Latest news on UNICREDIT SPA
11h ago Monte Paschi approves plan to increase cash call to 5 billion euros
1d ago UNICREDIT : Ordinary and Extraordinary Shareholders' Meeting on May 13, 2014
1d ago Monte Paschi set to approve bigger capital increase
1d ago EXCLUSIVE : 'Leopard King' Cavalli nears 450 million euro sale to Permira - sour..
1d ago Painful 2013 leaves European banks' returns well below target
1d ago UNICREDIT : FinecoBank applies for admission to listing on the 'Mercato Telemati..
2d agoDJADR Shares End Higher; Credit Suisse, ASML Shares Active
2d ago Wind of change starts blowing at Italian companies
2d ago Europe's top banks shed 2 trillion euros as regulatory belt tightens
2d agoDJUNICREDIT : Aviva to Restructure Italian Joint Ventures
Duration : Period :
UniCredit SpA Technical Analysis Chart | UCG | IT0004781412 | 4-Traders
Income Statement Evolution
UniCredit SpA : Income Statement Evolution
More Financials
Dynamic quotes