{"id":8839,"date":"2018-05-10T02:31:10","date_gmt":"2018-05-10T06:31:10","guid":{"rendered":"http:\/\/lifeinsurance-orleans.ca\/Life-Insurance-Blog\/?guid=ca640f3e940ce9ec81bbe82498e64472"},"modified":"2018-05-10T02:31:10","modified_gmt":"2018-05-10T06:31:10","slug":"unicredit-profits-up-22-per-cent-best-1q-in-a-decade","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2018\/05\/10\/unicredit-profits-up-22-per-cent-best-1q-in-a-decade\/","title":{"rendered":"UniCredit profits up 22 per cent, best 1Q in a decade"},"content":{"rendered":"<p>MILAN &#8212; Italy&#8217;s largest bank by assets, UniCredit, has reported its best first quarter in more than a decade, with net profits up 22 per cent to 1.1 billion euros ($1.3 billion).<\/p>\n<p>Unicredit CEO Jean Pierre Mustier said Thursday the bank&#8217;s &#8220;renewed customer focus&#8221; had driven up fees for both investments and transactions by 2.8 per cent to 1.75 billion, while net interest remained stable at 2.6 billion euros. First-quarter net profits compared with 907 million euros last year, as the bank cut costs by 5.2 per cent to 2.7 billion euros.<\/p>\n<p>Mustier announced that the bank would accelerate the full write-down of non-performing loans to 2021 from 2025. That will include the sale of 4 billion euros in bad and unlikely-to-pay loans in both core and non-core businesses this year.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MILAN &mdash; Italy&rsquo;s largest bank by assets, UniCredit, has reported its best first quarter in more than a decade, with net profits up 22 per cent to 1.1 billion euros ($1.3 billion). Unicredit CEO Jean Pierre Mustier said Thursday the bank&rsquo;s &ldquo;renewed customer focus&rdquo; had driven up fees for both investments and transactions by 2.8 [&hellip;]<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8839"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=8839"}],"version-history":[{"count":1,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8839\/revisions"}],"predecessor-version":[{"id":8840,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/8839\/revisions\/8840"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=8839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=8839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=8839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}