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.


Read More

Bird Flu Outbreak Reported At Duck Farm

Bulgaria's food safety agency authorities reported on Sunday an outbreak of the bird flu virus on a duck farm in the northeastern village of...

Bulgaria Exported 10,000 Tons Of Honey Just To EU Countries In 2018

Eurostat data on exports and imports of natural bee honey from the 28 EU member states that for the last year, Bulgaria has exported approximately...

Since Signing Of CETA Agreement, The Trade Between Bulgaria And Canada Has Increased

Deputy Economy Minister Liliya Ivanova met Kevin Hamilton, Canada's ambassador accredited to Bulgaria, who is based in Bucharest, Romania, the Economy Ministry said. The...


Bulgaria Has Improved In 16 of the 26 World Economic Rankings

Bulgaria has improved its position in 16 of the 26 world economic rankings. This is indicated by the data from the Bulgaria in Figures survey...

Card Skimming Gang Arrested In Bulgaria

A joint operation by the Police and Specialised Prosecutor’s Office disrupted a crime group for production of skimming devices for siphoning off debit bank cards. The operation was...

Bulgaria First EU Country To Allow Sale Of CBD Oils

If you wish to re-publish this story please do so with the following accreditation AUTHOR: Mark Taylor