Pekao CEO rules out the sale of Polish unit by Unicredit

The chief executive of Poland's Bank Pekao, Luigi Lovaglio, told reporters on Monday he ruled out the possibility of Italy's UniCredit selling the Polish unit.

A few weeks ago, Bloomberg said that Italy's Unicredit was considering selling a 50.3 percent stake in Poland’s second-largest lender. "UniCredit, among Europe’s least capitalized banks, is considering the sale of a stake in its online broker FinecoBank SpA as well as reviewing its holdings in Pekao and Turkey’s Yapi ve Kredi Bankasi AS," Bloomberg said quoting people with knowledge on the matter.