Rome, July 27, (dpa/GNA) - Profits have risen at Italian lender UniCredit SpA, it reported on Wednesday, from €960 million to €1.82 billion year-on-year in the second quarter.
Earnings per share were €0.84 up 95.5% from the prior year. Total revenues for the second quarter were €4.78 billion up 8.9% from the prior year.
Excluding Russia, quarterly net revenues were €4.4 billion, 12.5% higher year on year, reflecting high risk-adjusted returns across all regions, underpinned by the net interest income increase to €2.3 billion, and by lower loan loss provision, reflecting solid asset quality.
The bank said it continues its focus on the execution of the 2022-224 strategic plan to fully unlock the value of UniCredit and is committed to delivering attractive and sustainable returns, with the ambition to return at least €16 billion to shareholders by 2024.
GNA