UniCredit targets natural persons

UniCredit, a subsidiary of Italian banking group UniCredito, has postponed “the aggressive growth” plans on the retail market for the second half of this year. Even though the launch of the first debit and credit cards had been announced for May-June, the timing has been changed to September. “We are rethinking the products’ launch, scheduling it for that time of the year when the customers’ interest peaks,” Liliana Constantinescu, deputy general manager of the bank, said. The bank’s managing director, Giuseppe Merlo, says that UniCredit will add general and life insurance products, mortgage credits, mutual funds and consumer credits by yearend. ZF