UniCredit, Italy’s biggest bank and a top lender to recession-hit east European economies, provided further evidence on Tuesday that the banking crisis might be easing with better-than-expected Q2 net profit of €490m ($706m). The figure was 74% down on the same period in 2008 but more than 9% ahead of the 2009 first quarter, reflecting a better operating trend at the diversified Milan-based bank.

This entry was posted by Gwen Robinson on Wednesday, August 5th, 2009 at 5:11 and is filed under Capital markets. Tagged with unicredit. Edit this entry.