Deals
UniCredit to Open 900 New Branches in Eastern Europe
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UniCredit SpA, Italy’s biggest bank, plans to open 900 branches in central and eastern Europe in the next five years to tap faster growing markets.
The Milan-based bank is ready to finance expansion in the region without a capital increase, Chief Executive Officer Federico Ghizzoni said at an investor meeting in London today. The parent company will continue to receive dividends from its units in the area, he said.