WARSAW (Reuters) - Poland's Alior Bank (WA:ALRR) 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 (WA:PZU) 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 (WA:PEO) will reflect the value we see in these banks," Surowka said. PZU has stake in both lenders.