During the IMF/World Bank annual meetings in Istanbul, UniCredit CEO Alessandro Profumo is talking to journalists on the 22nd floor of the headquarters of Yapi Kredi Bank, in which it owns a 41% stake. And he appears totally confident that both he and his Italian bank are in the right place.
"As we always said it would, diversification is starting to pay off. In March this year, everyone was saying for UniCredit: central and eastern Europe is an issue. We have always said it would be important, and today it is clearly a key element. We will continue to work to gain market share in the region," he says.
