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Unicredit, Ghizzoni: "No capital increases in sight"

The CEO then confirmed that “2015 went well for the business, especially in the corporate area, where there was a recovery in activity compared to the first part of the year” – Change at the top of the subsidiary in Austria.

Unicredit, Ghizzoni: "No capital increases in sight"

2015 was a positive year for Unicredit's business. This was stated by the managing director of the bank, Federico Ghizzoni, who has once again denied the hypotheses of a capital increase in sight. 

“We are in the black period – Ghizzoni said – but 2015 went well for the business, especially in the corporate area, where we have seen a recovery in business compared to the first part of the year. In short, despite the extreme volatility, there is a recovery in the real economy”. 

As for any capital transactions, about which rumors are circulating on the stock exchange, Ghizzoni cut it short: "I won't even comment anymore, after I've already denied it".

Meanwhile, on the eve of the implementation of a profound restructuring plan, a change was also made at the top of Unicredit Bank Austria, the Austrian subsidiary of Banca di piazza Gae Aulenti. 

Robert Zadrazil will be the new CEO from March, replacing Willibald Cernko, who has led Bank Austria for over six years (since October 2009). Zadrazil has been with Bank Austria for 15 years and most recently headed Private Banking. 

"In view of the implementation of the decisions" recently announced by the parent company as part of the update of the strategic plan, "this is the optimal moment for a generational change", writes Unicredit Bank Austria in a note. 

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