UniCredit Romania reports 45% stronger earnings in Q1
Italian group UniCredit reported for the first quarter (Q1) of 2023 a net profit of EUR 64 mln from operations in Romania, up by about 45.3% compared to the same period last year.
iulian ernst · Journalist
· Updated · 1 min read
Italian group UniCredit reported for the first quarter (Q1) of 2023 a net profit of EUR 64 mln from operations in Romania, up by about 45.3% compared to the same period last year.
UniCredit's net operating profit in Romania increased by 32.4% y/y to EUR 92 mln, Profit.ro reported.
Interest income increased by 29% y/y to EUR 99 mln, while provisions for credit risk remained low (EUR 5 mln).
The stock of loans increased by 9.4% y/y to EUR 7.6 bln at the end of March, slower than the 14.5% consumer price inflation. Deposits from customers increased by 7.7% y/y to EUR 9.1 bln.
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