MILAN (Thomson Financial) - UBI Banca CEO Giampiero Auletta Armenise said
results in 2008 will be consistent with targets set in the company's business
plan only if the best case-scenario is confirmed.
"When I say best-case scenario I mean interest rates in Europe stable at 4
pct and a significant slowdown in growth, but not recession," Armenise said in a
conference call to present full-year results.
He also said UBI is interested in continuing cooperation with asset
management company Arca SGR, in which UBI has a stake of above 26 pct.
danilo.masoni@thomson.com
dm/kf1
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