(Bloomberg) -- UniCredit SpA will grow profit from its
eastern European banking businesses at least 15 percent annually
over the next two years, driven by a retail lending boom that will
likely survive tightening credit in the region.
UniCredit's 2007 pretax profit from eastern Europe will rise
to at least 2.8 billion euros ($3.9 billion) from 2.4 billion euros
in 2006, Bloomberg calculated based on the Milan-based lender's
forecasts that were published in a report. Credit to retail banking
customers will grow 35 percent annually through 2009, wrote Debora
Revoltella, UniCredit's chief east Europe economist.
Read more at Bloomberg Emerging Markets News
eastern European banking businesses at least 15 percent annually
over the next two years, driven by a retail lending boom that will
likely survive tightening credit in the region.
UniCredit's 2007 pretax profit from eastern Europe will rise
to at least 2.8 billion euros ($3.9 billion) from 2.4 billion euros
in 2006, Bloomberg calculated based on the Milan-based lender's
forecasts that were published in a report. Credit to retail banking
customers will grow 35 percent annually through 2009, wrote Debora
Revoltella, UniCredit's chief east Europe economist.
Read more at Bloomberg Emerging Markets News
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