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Unicredit posts 865-million-euro net profit in 2012

Board proposes dividend payment of 9 euro cents per share

15 March, 18:03
Unicredit posts 865-million-euro net profit in 2012 (ANSA) - Milan, March 15 - Unicredit posted a net profit of 865 million euros in 2012 according to results published by the Italian banking group Friday. This compares with a net loss of 9.2 billion euros due to devaluations the previous year. In light of the upturn, the board of directors proposed a dividend distribution from profit reserves of 9 euro cents per share.

Instead fourth quarter results for 2012 show a net loss of 553 million euros.

This compares to a profit of 114 million euros in the same period in 2011 and of 335 million euros in the third quarter of 2012.

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