"Indeed in the context of the deteriorating economic situation in Ukraine, the bank noticed additional risk and created reserves to protect against this risk," said Tomasz Mironczuk, deputy president of PKO BP and chairman of Kredobank's supervisory board.
According to Puls Biznesu sources, chaos within the last couple of months in the Ukrainian bank was caused by a period of major changes in the parent institution, and that management of Kredobank is beyond the control of its Polish managers.
Source: Puls Biznesu (M.M.)
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