Arab Today, arab today unicredit reports profit slump but beats expectations
Last Updated : GMT 08:53:10
Arab Today, arab today
Arab Today, arab today

UniCredit reports profit slump, but beats expectations

Arab Today, arab today

Arab Today, arab today UniCredit reports profit slump, but beats expectations

Manila - AFP

Italy\'s top bank, UniCredit, reported on Friday a first-quarter 50.9-percent profit drop to 449 million euros ($594 million) from the figure at the same time last year but the result was better than expected. Analysts polled by Dow Jones Newswires had expected profits of 128 million euros and the figure was an improvement on the fourth quarter when it suffered a net loss of 553 million euros. \"This satisfactory performance was thanks to increasing revenues, normalised loan loss provisions, a buoyant trading income and the continuous implementation of the strategic plan actions,\" chief executive Federico Ghizzoni said. \"The bulk of the growth of net profit took place in Western Europe. In Italy, for the second quarter in a row, the new flows to impaired loans decreased,\" Ghizzoni said in a statement. Impaired loans in Italy went down for the second quarter in a row to a level lower than that of the first quarter of 2012. The bank also said its Core Tier 1 capital was 11.03 percent -- a 19 basis point increase from its level in December 2012.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today unicredit reports profit slump but beats expectations Arab Today, arab today unicredit reports profit slump but beats expectations

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today unicredit reports profit slump but beats expectations Arab Today, arab today unicredit reports profit slump but beats expectations

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
View News in Arabic - Business: مصارف
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday