Bloomberg News

UniCredit CEO Ready to Sign New Hungary Bank Accord in IMF Deal

By Sonia Sirletti
January 19, 2012

Jan. 19 (Bloomberg) -- UniCredit SpA is ready to sign up to a deal on Hungary similar to one agreed in 2008, when western banks pledged to keep their assets in the country unchanged, Chief Executive Officer Federico Ghizzoni said.

“The 2008 agreement worked well,” Ghizzoni told reporters in Milan. “We will see if they will ask again. So far we didn’t receive any request. Eventually we are ready to sign a similar agreement,” he said.

To contact the reporter on this story: Sonia Sirletti in Milan at ssirletti@bloomberg.net

To contact the editor responsible for this story: Boris Groendahl at bgroendahl@bloomberg.net

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