The bank, which is set to merge with Capitalia, also revealed a 10% surge in revenues, which, according to Forbes, reached E6.55 billion, boosted by strong commissions, while operating profit came in at E3.3 million for the quarter, up 22%, driven by positive contributions from all divisions.
According to Reuters, Unicredit’s Q2 results have beat analyst forecasts, which estimated profit to reach only E1.64 billion for the quarter.
For the first half of the group’s fiscal year, net profit reached E3.6 billion, representing a 16.6% increase over H1 2006.
These numbers confirm that we will do better than planned in terms of earning per share by the end of 2007, UniCredit CEO Alessandro Profumo said, as cited by Reuters.
