UniCredit: Won't Sacrifice Romanian Unit's Profit To Attract Deposits At Any Cost

01.21.2013 By Razvan Voican

UniCredit Tiriac Bank, controlled by Italian group UniCredit in partnership with Romanian businessman Ion Tiriac, will not force a fast adjustment of the imbalance between loans and deposits at the cost of sacrificing profit because the parent bank can continue to ensure the necessary financing, says Gianni Papa, head of the Central and Eastern Europe division of UniCredit Group.

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Keywords:
UNICREDIT
, PROFIT