Research (J&T BANKA)
World markets  |  March 18, 2013 09:51:28

Loss of UniCredit Bank in 4Q12 higher than expected


Bank on Friday reported a higher than expected net loss for 4Q12 (vs. EUR 553 million. Eyes. - 374.9 million) due to higher commissions for bad credit. The Director-General said that he would continue with the reorganization and sale of bank assets to increase the stability of the bank. Also, the outlook for 2013 is for analytical expectations rather disappointing. Conversely mild surprise is to propose a dividend of 0.09 euros vs. eyelets. 0.06.
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