Polish banks Alior & Pekao Are undervalued, said PZU chiefReuters #Are_UndervaluedSeptember 3, 2019
WARSAW (Reuters) – Poland’s Alior Bank ( ALRR.WA ) and Warsaw-listed companies in general are undervalued, the chief executive of the country’s biggest insurer said on Thursday.
“We see investors running away from developing markets,” PZU ( PZU.WA ) Chief Executive Pawel Surowka said at a news conference, adding that Alior’s share price does not give an accurate reflection of the bank’s value.
“We hope the stock price for Alior Bank and Pekao SA ( PEO.WA ) will reflect the value we see in these banks,” Surowka said.
PZU has stake in both lenders.
Reporting by Marcin Goclowski; Writing by Joanna Plucinska; Editing by David Goodman
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