CIB performance drives UniCredit’s pre-tax profits
UniCredit’s corporate and investment banking business led the way as the Italian bank recorded an increase in pre-tax profits of 45.8% in the first quarter. CIB’s pre-tax profits grew by 49.3% from Eu850m in the first quarter of 2010 to Eu1.268bn in the most recent quarter, thanks mainly to a decrease in provisions for risks and charges.
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