UniCredit turns profit with bolstered MDA buffer

UniCredit_Adobe_575x375_20Feb2020
By Jasper Cox
06 Aug 2020

UniCredit returned to profit in the second quarter with a larger pool of excess capital to reward shareholders from next year, if the European Central Bank gives its permission.

The bank turned a profit of €420m in the second quarter, it said on Thursday, after a €2.71bn loss from the first three months of the year. This was still a 77% drop from the profit recorded in the second quarter of last year, and when looking at ...

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