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Net profit of the Italian UniCredit bank in II quarter 2013 increased by 113.8% – up to 361 million euros

Net profit of the Italian UniCredit bank in II quarter 2013 increased by 113.8% - up to 361 million eurosNet profit of the Italian banking group UniCredit in the II quarter of 2013 increased by 113.8% – up to 361 million euros, compared with a profit of 169 million euros recorded in the same period in 2012. These data are presented in the report of the bank.

The rate for net income exceeded the forecasts of analysts who predicted that it will amount to 349 million euros. The bank explains the increase in net income of 254 million euros profit from the repurchase of own bonds and lower costs. Read more »