UniCredit Group in first quarter 2011: net profit of €810 million, with both an increase in revenues and a decrease in net write downs of loans
In first quarter 2011 operating income rises 7% QoQ to €6,928 million, with all the main components posting a solid performance. With respect to the same quarter of 2010 there is also an increase of 2.7% YoY.
Adapting the growth model to the post-crisis changes in the external and internal conditions
According to the economists of UniCredit, in the post-crisis period the Bulgarian economy will have a more balanced structure in which all components of the end–user demand, including net export, will contribute positively to growth.
UniCredit Bulbank Chief Economist at “Banks, Investments, Money”: Reversing of negative tendencies regarding credit growth and quality getting close
Reversing of the negative tendencies in relation to credits – both in terms of growth and quality – in the near future is what UniCredit Bulbank Chief Economist Kristofor Pavlov predicted at the 9th International Financial Forum “Banks, Investment, Money”.
Quarterly analysis by UniCredit on the economy in Central and Eastern Europe: High fuel and food prices are threatening the process of recovery
Core inflation is expected to remain subdued, as domestic demand recovery progresses only very slowly
The UniCredit Group in 2010. 2010 shows a good trend yoy in net commissions, operating costs and loan loss provisions
Group’s portion of net profit reaches €1,323 million (€1,702 million in 2009) with a 2010 featuring several non-operating, non-recurring items (goodwill impairment, integration costs, recognition of deferred tax)
7 digits investment returns on Pioneer Fund cause PC to crash
Through Dec. 31, 2010, the Pioneer Fund’s cumulative total return since its inception on Feb. 10, 1928 was the highest of any mutual fund in the industry. The fund’s growth rate was an astounding 1,043,985.15%.
After 9 years on the Bulgarian market: Assets of the Biggest Mutual Funds company – Pioneer Investments exceed BGN 215 mio
After nine years of presence on the Bulgarian market, the assets of Pioneer Investments - the biggest mutual funds company in Bulgaria, exceed BGN 215 mio.
UniCredit’s economic analysis by sector: Tradable sectors at the front end of recovery
In their latest sector analysis on the development of the Bulgarian economy, UniCredit’s economists forecast favourable development of the tradable sectors which already showed good results in 2010.
UniCredit: 4% is Sustainable Growth for Bulgaria
Around 4% is the sustainable and long-term feasible growth of the Bulgarian economy, with expected growth of 2.8% for 2011.
Reuters Ranking: UniCredit’s analysts have made most precise forecasts about fluctuation of currencies for the past three years
The analysts of UniCredit have made the most precise predictions about the fluctuation of the foreign currency rates for the past three years, according to a ranking of Reuters.