Research (J&T BANKA)
World markets  |  November 14, 2012 09:28:23

Net profit Unicredit three times the estimate

Unicredit, reported 3Q net profit of 335 million euros, more than expected (99 million). The difference with the estimates was mainly in trading income and one-off effects of redemption of securities, the sale of shares in Alliance Boots and the Moscow Stock Exchange. The Bank also introduced other measures to reduce costs, under which plans to merge a branch in the Czech Republic and the Slovak Republic.

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