Unicredit Profits Decreased Over The Past Year

Italy’s UniCredit Group said on Thursday the consolidated profit of its Bulgarian operations fell by 0.3% year-on-year to 30 million euro ($35.6 million) in the first quarter of 2018.

Net interest income fell by 5.6% to 71 million euro in the first three months of the year, while net fees and commissions added 5.8% to 30 million euro, according to UniCredit Group’s Q1 2018 financial report.

Operating income fell by 0.3% on the year to 117 million euro in January-March.

UniCredit Group’s operations in Bulgaria includes UniCredit Bulbank and UniCredit Leasing.

UniCredit Bulbank was Bulgaria’s largest bank by assets as of end-March 2018, according to central bank data.

 

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