VIENNA, July 10 UniCredit unit Bank
Austria will make a profit in Hungary this year despite
legislation that will hit lenders for foreign-currency lending,
Chief Executive Willibald Cernko said on Thursday.
"We will have a positive annual result in Hungary no matter
what lies ahead," he told business journalists. "We will
certainly not have to inject more capital."
Bank Austria, central and eastern Europe's biggest lender,
saw only positive effects from a bank run that hit two lenders
in Bulgaria last month, he said, noting its local unit saw
deposits swell by a three-digit-million euro amount but the
situation had since normalised.
Cernko said the group remained in negotiations to sell its
Ukrainian business. "Talks are going on but as you can imagine
they are anything but simple given the current political
environment," he said.
(Reporting by Michael Shields; Writing by Georgina Prodhan)