MILAN Feb 21 UniCredit (CRDI.MI) Chief
Executive Alessandro Profumo said on Saturday he was not worried
about eastern Europe despite the crisis sweeping across the
"Eastern Europe does not worry us," he told reporters on the
margins of a business conference.
"We are aware of the situation in this area but we think
that there has been significant 'overshooting'," he added.
UniCredit is the biggest lender in central and eastern
Europe and its shares have fallen to 12-year lows partly due to
investor concerns about its exposure to the region and its
UniCredit gets about a quarter of its revenues from eastern
and central Europe.
It is Italy's second biggest bank by market value.
(Reporting by Gianluca Semeraro)