UniCredit: Net Income Driven By CESEE

Published: November 11, 2013; 19:26 · (Vindobona)

Italian UniCredit Group´s quarterly net income was down by 40%. Losses in Italy could be more than offset by the results in Poland and Bank Austria´s contributions.

UniCredit: Net Income Driven By CESEE / Picture: © UniCredit Banca
  • Despite a difficult environment for the banking sector, UniCredit managed to preserve profitability posting €1.0 billion net profit year to date (-28.5% Y/Y) and €204 million in 3Q13 (-43.6% Q/Q, -39.1% Y/Y)
  • Low business activity due to summer seasonality (fees -3.5% in 3Q13 Q/Q, but -0.8% Y/Y), still weak loan demand in Western Europe (net…
This article includes a total of 590 words.

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