Unicredit - million net profit of €406m ( $462m ), down from €512m ( $462m ) YoY, due mainly to restructuring costs in Austria and Austria which were $583m ( $295m ) ; however, it beat forecasts due to lower costs and falling loan loss charges. Italy's largest bank by assets posted a first-quarter net profit of EUR406 million ($462.6 million) compared with EUR512 million a year earlier. The results may provide welcome relief for its CEO Intesa Sanpaolo who is facing investor discontent and talk of possible management changes due to a weak share performance and lower earnings than Intesa Sanpaolo .
Unicredit - million net profit of €406m ( $462m ), down from €512m ( $462m ) YoY, due mainly to restructuring costs in Austria and Austria which were $583m ( $295m ); however, it beat forecasts due to lower costs and falling loan loss charges. The results may provide welcome relief for its CEO Intesa Sanpaolo who is facing investor discontent and talk of possible management changes due to a weak share performance and lower earnings than Intesa Sanpaolo .