Unicredit Q2 net up 6.8 pc
Italian bank UniCredit made a record quarter as Q2 net profit rose 6.8% to e1.827 billion, beating analysts’ forecasts, thanks to lower costs and double-digit commission growth.
By Agencies |
MILAN: Italian bank UniCredit made a record quarter as Q2 net profit rose 6.8% to e1.827 billion, beating analysts’ forecasts, thanks to lower costs and double-digit commission growth.
UniCredit also said it had sealed a e625.5 million deal to sell to GE Money a stake of about 66% in a network of 200 outlets from Polish unit BPH.
UniCredit, which took over Germany’s HVB in 2005, is set to become the euro zone’s second-largest bank by market value once it completes its e18 billion all-share offer for compatriot Capitalia this year.
UniCredit also said it had sealed a e625.5 million deal to sell to GE Money a stake of about 66% in a network of 200 outlets from Polish unit BPH.
UniCredit, which took over Germany’s HVB in 2005, is set to become the euro zone’s second-largest bank by market value once it completes its e18 billion all-share offer for compatriot Capitalia this year.
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