Uncredit's 2006-2008 strategy unveiled

This is the highest amount that the Italian bank will obtain in the region, while taking over HVB branches from five other countries apart from Poland. The total estimated earnings stemming from consolidation will stand at EUR 108 million. In Poland, revenues of the new and merged entity will grow at an annual pace of 7%, same as deposits, while loans will go up by 11% per annum. Ratio of costs to revenues will drop from 53.3% at the end of 2005 to 46% in 2008. The main priority for Poland will be IT integration and later strict control of costs and effective risk management. Another significant objective envisages a growth in the segment of small enterprises and mid-size institutional clients. (Puls Biznesu, pp. 1, 8) M.M.