10/28/2021, 7:08 AM (Source: TeleTrader)
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UniCredit's Q3 revenue at €4.4B, up 1.9% YoY

Unicredit revealed on Thursday that its revenue was €4.44 billion in the third quarter, marking a 1.9% increase compared to the same period a year earlier.

The bank's net operating profit amounted to €1.2 billion after a 40.2% surge on an annual basis. Operating costs went up 1.7% year on year while the bank's CET1 ratio climbed to 15.5%.

"I am pleased to report a robust set of results for the third quarter, reflecting the strength of our franchise, supportive market conditions, increased client activity across all business lines and a powerful economic recovery, which is expected to moderate," CEO Andrea Orcel commented.

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