2/1/2010

Unicredit places Turkey at the top of the list

 

Platin - Italian banking giant Unicredit is planning to consolidate its operations in the Central and East European countries. The bank will focus its operations on three countries, including Turkey. Board Acting President Federico Ghizzoni of Unicredit, which owns a 50 percent share in Yapi Kredi Bank, said they will place Turkey at the top of their list of important countries for the Unicredit Group.

 

Italian banker said they are particularly focusing on operations in Turkey, Poland and Russia. Ghizzoni noted that Yapi Kredi is one of the two top performing banks in the Unicredit Group and added,  “Looking at Unicredit’s net consolidated profit, we see that 20 percent of our profit comes from Yapi Kredi. This is the second highest ratio in our group. As seen from the figures, Yapi Kredi is one of our most important investments.”

ENGLISH