November 10, 2016 / 11:31 AM / 3 years ago

Bank Pekao CEO says expects single-digit profit fall in 2016

WARSAW, Nov 10 (Reuters) -

* The chief executive of Bank Pekao, a unit of Italy’s Unicredit, said on Thursday the bank’s net profit was likely to fall by single-digit percentage points this year.

* “We are on a good path ... to limiting the difference (between the net profit this year and last year) to a single-digit (decline in terms of percentage points),” Chief Executive Luigi Lovaglio told a news conference. (Reporting by Marcin Goclowski; editing by Marcin Goettig)

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