Lower provisions boost UniCredit profit in Hungary
UniCredit booked after-tax profit of €125 million at its Hungarian business last year, according to an earnings report released yesterday, Hungarian news agency MTI reported this morning.
(Photo: Jessica Fejos)
Profit was up 139% from 2014 as “other charges and provisions” fell to €37 mln from €140 mln.
Net interest income edged down 3% to €205 mln but net revenue from fees and commissions rose 6% to €127 mln.
Net trading income slipped 38% to €40 mln.
Operating income was down 4% at €386 mln.
The Hungarian businessʼ stock of client loans rose 7% to €3.323 billion and client deposits climbed 24% to €4.774 bln.
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