Italian financial group UniCredit recorded a consolidated net profit of EUR 60 million in Romania in the first half of this year, up 27% compared to the same period of 2017, mainly due to higher interest revenues.

Net interest income went up by 17.5% year-on-year, reaching EUR 123 million, while net commission income declined by 18.7%, to EUR 34 million, and trading income went down by 21.5%, to EUR 31 million.

The total loans granted by UniCredit in Romania went up by 6.8% in the last year, to EUR 5.84 billion. Meanwhile, the deposits increased by 18.5%, reaching EUR 5.86 billion.

UniCredit group operates in Romania through UniCredit Bank, UniCredit Consumer Financing, UniCredit Leasing Corporation, UniCredit Insurance Broker, UniCredit Leasing Fleet Management and UniCredit Business Integrated Solutions.

UniCredit sees higher profit in Romania in Q1

editor@romania-insider.com