UniCredit books declining profit in Hungary

MNB

Italyʼs UniCredit booked a consolidated after-tax profit of EUR 157 million at its business in Hungary last year, down 12%, an earnings report released Thursday shows, state news wire MTI reports.

Net interest income fell 6% to EUR 189 million but net revenue from commissions and fees increased 6% to EUR 85 mln. Net trading income was up 9% at EUR 51 mln.

The business had EUR 4.509 billion of client loans at the end of December, up 4% from twelve months earlier. The stock of client deposits increased by 7% to EUR 6.268 bln.

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