Societe Generale CEO P. Citerne reiterated yesterday that SG does not currently plan to increase its stake in KB. He also said that SG does not intend to revise key 2004 financial targets set for KB (ROE of 25%, cost/income ratio below 50%).
The Czech HN daily reports that Ceska sporitelna, Erste Bank’s 88%-owned subsidiary, reiterated its full-year financial result expectations: an ROE of 18-20% and a cost/income ratio of 60-63%, which are in line with our projections.
Jan Hajek