UniCredit: Q2 profits expected in the €115-449m range

Italy’s bank UniCredit is expected to close the second quarter with €302m profits, according to research by 23 national and international brokers.

According to the research, net profits could fall in a range between €115 and €449m, marking a decrease from the €511m reported during the second trimester of 2011.

Total net profit for 2012 could reach €1.84bn, analysts added. Official data will be published by the Italian bank on August 3.

Meanwhile, Standard & Poor’s Ratings Services reaffirmed its strong rating on UniCredit Credit Management Bank, with stable outlook.

UniCredit Credit Management Bank is a special servicer of residential mortgages, commercial mortgages, and consumer loans in the country.

ABOUT THE AUTHOR
Chiara Albanese
preloader
Close Window
View the Magazine





You need to fill all required fields!