Bloomberg News

Poland May Ask Pekao to Pay Out Less Than 75% of Net, Says

March 12, 2012

Poland’s regulator may ask Bank Pekao SA (PEO), the country’s second-largest lender and a unit of UniCredit SpA (UCG), to pay out less than 75 percent of last year’s net income as a dividend, Chief Executive Officer Federico Ghizzoni said in an interview with Rzeczpospolita published on its website.

UniCredit has no targets to buy in Poland now, Ghizzoni said, adding that the bank will analyze any takeover options if they appear on the market, the newspaper reported.

To contact the editor responsible for this story: Marta Waldoch at

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