He described Pekao as a bank "in good shape, clean" but said he did not think PZU faced the risk of possible rival bids. "I don't think there are rivals or other major international groups interested in it now," he said. "It's up to the Italian group to decide what is the best course of action for them to raise additional capital because they do have concerns, out of courtesy I will obviously not discuss this in detail." He added that UniCredit, led by newly appointed CEO Jean-Pierre Mustier, had "several options on the table," without elaborating. Szalamacha also said that he expected rating agency Moody's to leave its credit rating for Poland stable at A2, with a negative outlook, at its next review on Sept. 9. He said he saw no risk that the budget deficit could overshoot the European Union's 3 percent of gross domestic product budget ceiling next year, despite slower than expected economic growth. It is currently forecast at 2.9 percent of GDP. "Our draft budget (for 2017) is on the safe side," he said.