11/7/2019, 8:21 AM (Source: TeleTrader)
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UniCredit's revenue at €4.7B in Q3, up 1.7% YoY

UniCredit S.p.A. reported on Thursday that its third-quarter revenue landed at €4.7 billion, marking a 1.7% rise on an annual basis, while in nine months through September, the bank's turnover reached €13.9 billion. The banking institution's net profit amounted to €1.1 billion in the third quarter of fiscal 2019.

UniCredit​'s total financial assets rose by €14.3 billion quarter-on-quarter, reaching €781.6 billion through September. Meanwhile, its operating costs were down to €2.5 billion, 1.8% lower year-over-year.

““The third quarter net result, with no exceptional items, at 1.1 billion euro, up 25.7 per cent year on year adjusted, was yet again the best quarter achieved in a decade," said CEO Jean Pierre Mustiere commenting on the report, citing "resilient commercial dynamics, strong trading revenues and focus on cost discipline."

Breaking the News / GG