The Limited Times

Now you can see non-English news...

Unicredit: half-year profit of 1.9 billion, quarter above estimates

2021-07-30T06:21:21.992Z

Unicredit closes the first half with a profit of 1,921 million euros (underlying at 1,985 million euros). Last year the same period closed with a loss of 2.28 billion. The second quarter records a profit of 1. (ANSA)



(ANSA) - MILAN, JUL 30 - Unicredit closes the first half with a profit of 1,921 million euros (underlying at 1,985 million euros). Last year the same period ended with a loss of 2.28 billion. The second quarter recorded a profit of 1,034 million euros (the underlying 1.1 billion) above the estimates of 720 million.


    "UniCredit has solid foundations based on its unique geographical footprint, on the strength of the distribution network and on the solidity of the financial statements. These elements - underlines ilceo, Andrea Orcel - form an excellent basis for improving results and creating long-term value for all our shareholders". The manager also points out that in the institution "there isit is a huge potential to be exploited and we look with enthusiasm at the opportunities that the future holds ".


    Strong commercial performance pushed revenues to 4.4 billion in the second quarter, with commissions to 1.7 billion up 21.4% year-on-year thanks to strong gross sales of insurance and asset management products.


   The interest margin begins to stabilize at € 2.2 billion.


    Simplification, customer centrality and digitalisation are the guiding principles supporting Unicredit's new strategic plan which will be communicated on the Investor Day scheduled for the fourth quarter of 2021. (ANSA).


Source: ansa

All life articles on 2021-07-30

You may like

Trends 24h

Life/Entertain 2021-09-18T06:46:51.122Z
Life/Entertain 2021-09-18T10:46:35.554Z

Latest

© Communities 2019 - Privacy