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Nov 09, 2017 13:48 EEST
November 9 (SeeNews) - Italian banking group UniCredit said on Thursday its Serbian unit booked a consolidated profit of 46 million euro ($53.4 million) in the first nine months of 2017, down 2.5% on the year.
The pre-tax profit of UniCredit Bank Serbia came in at 50 million euro, down 3.9%, while net interest income rose 1% to 75 million euro, the UniCredit Group said in its Q3 2017 financial statement.
Net fee and commission income went up 3.4% to 17 million euro and operating income increased to 104 million euro, up 4.1%.
Net operating profit in the first nine months of 2017 declined 1.7% year-on-year to 54 million euro.
In the third quarter alone, the consolidated profit of UniCredit Bank Serbia rose to 18 million euro, from 13 million euro in the like period of last year.
In 2016, the Serbian unit of the UniCredit Group posted a consolidated profit of 51 million euro, down 1.6% compared to 2015.
($ = 0.861982 euro)
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