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UniCredit sells Bank Pekao stake to Powszechny Zakład Ubezpieczeń and Polski Fundusz Rozwoju

UniCredit S.p.A. ("UniCredit") today announced it has entered into an agreement for the disposal of a 32.8 per cent stake in Bank Pekao S.A. ("Pekao" or the "Company") to Powszechny Zakład Ubezpieczeń S.A. ("PZU") and Polish Development Fund S.A. ("PFR") (the "Transaction"), said the bank in a detalii

UniCredit launches placement of Pekao Equity-Linked Certificates

Further to the announcement today of UniCredit S.p.A. ("UniCredit" or the "Issuer") having entered into an agreement for the disposal of a stake equal to 32.8 per cent of Bank Pekao S.A.'s ("Pekao" or the "Company") share capital to Powszechny Zakład Ubezpieczeń S.A. ("PZU") and Polski Fundusz detalii

Macroeconomic report of Romania - Q3 2016, published by Garanti Bank

Outlook – The Romanian GDP expanded by 4.9% in the first nine months of 2016, strongly driven by private consumption amid fiscal stimulus. Nevertheless, trade started already to decelerate in Q3 and this trend will continue for the last quarter of the year. Service sector remains detalii

Romanian GDP growth rate could decelerate to 3.7% next year, said Garanti Bank

Garanti Bank, one of the most dynamic banks on the local market, estimates that GDP growth rate could decelerate towards 3.7% next year, as consumption dynamic is expected to revert to pre-stimulus (food VAT cut, as of June 2015, general VAT cut as of January 2016 and public salary hike) detalii

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