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UniCredit considering state aid in Italy - source
January 29, 2009 / 2:33 PM / 9 years ago

UniCredit considering state aid in Italy - source

MILAN, Jan 29 (Reuters) - Italian bank UniCredit (CRDI.MI) is considering requesting state support in Italy and Poland, a source close to the bank told Reuters on Thursday.

“The bank does not exclude possible state support in Italy and Poland,” the source said on condition of anonymity.

In an extract of an interview to be published in Germany’s Handelsblatt newspaper on Friday, UniCredit Chief Executive Alessandro Profumo said the bank could consider “state support as insurance against unpredictable events.”

If the bank does seek state aid, it could consider doing it in Austria, for example, he added. (Reporting by Stephen Jewkes)

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