UniCredit trumpets NPL moves and profit boost

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UniCredit trumpets NPL moves and profit boost

Jean-Pierre Mustier UniCredit

UniCredit reported a profit jump of 40% in the first quarter, up to €907m. But the bank’s investors will have taken most heart from the firm’s 28% cut in its non-performing exposures from last year, reflecting chief executive Jean-Pierre Mustier’s swift start on restructuring the bank.

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