UniCredit booked net profit of EUR 84 million at its business in Hungary in the third quarter, down 8% from the same period a year earlier, an earnings report released on Monday shows.
Net interest income increased 16% to EUR 98 million and net revenue from fees rose 22% to EUR 51 million.
Stock of client loans at the Hungarian business stood at EUR 7.2 billion at the end of September, up 16% from twelve months earlier.
Stock of client deposits rose 11% to EUR 9.2 billion.
On the group level, Italy’s second-largest financial institution reported a rise in net income to EUR 3.26 billion for the three months ended September, up from EUR 2.63 billion a year earlier. Analysts had expected a quarterly profit of EUR 2.8 billion, which was slightly lower than the actual figure.
UniCredit’s quarterly revenue rose from EUR 6.17 billion to EUR 6.9 billion.
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