UniCredit bounces back with Q1 results

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UniCredit bounces back with Q1 results

Federico Ghizzoni unicredit

UniCredit took a strong step towards meeting its 2014 profit plans in the first quarter, according to results published on Monday. After taking huge losses through goodwill writedowns and loan loss provisions at the end of last year, the group’s profits rebounded, underpinned by decent results from Commercial Bank of Italy, UniCredit CIB and its central eastern Europe division.

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