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Friday, September 29, 2023

UniCredit lifts guidance as strong net interest income lifts earnings, revenue

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UniCredit on Wednesday said that it upgraded its 2023 outlook as its revenue and earnings rose in the first quarter helped by net interest income growth.

The Italian bank IT:UCG posted a quarterly net profit of 2.06 billion euros ($2.27 billion), compared with EUR247 million a year ago when its earnings were affected by Russia-related loan-loss provisions.



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