UniCredit: Orcel reiterates that, regarding the risk of being placed under observation, we’ll see if there’s any room for manoeuvre

Otherwise, ‘we’ll pass on it’

(Il Sole 24 Ore Radiocor) - , - “We’re keeping an eye on things; we’ll see whether there are opportunities for UniCredit or not. When you have a bank that manages to gain significant market share, quarter after quarter, acquisitions can add value, but the real value lies in the ability to grow and continue to generate value on our own.” This was reiterated by UniCredit’s CEO, Andrea Orcel, regarding the consolidation of the Italian banking sector. “So we have that foundation, and from there we’ll see if there’s anything else; if not, we’ll pass on the opportunity,” he added on the sidelines of the ceremony at which he was awarded an honorary master’s degree in Economics and Finance by the University of Palermo.

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