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The Italian jars practically did not suffer vid a mortgage crisis in the USA.
Third on a size in Europe and most in Italy bank of UniCredit Sp reported that got on results the last year a fully decent net income in size of 6,57 milliards of euro, that all on 0,4% less than by a year before. A bank specified, that a volume of his assets at the American market of high-risky mortgage had been "insignificant" and by the state on an end last year made a 164 million euro. Investors, however, were not inspired results, and the actions of UniCredit podeshevshali almost on 5%. UniCredit Sp has daughter's bank in Russia. Bank" works Joint-stock COMPANY of "Yunikredit in Russian FEDERATION from 1989 year (to the end of the last year under a brand there is "World participating Moscow Bank").
In accordance with the press-release of UniCredit, last year vitorg of bank was multiplied on 5,1% and made 29,66 milliards of euro against 28,23 milliards of euro in 2006 year. An operating profit for 2007 attained 13,35 milliards of euro (growth 11,4%). On results a fourth quarter, that for many world financial corporations became most heavy, UniCredit got a net income in size of 1,23 milliards of euro (minus 0,8%).
Least satisfactory results were rotined by investment subsection of bank group, which fifth part of all vitorgu of business concern is on. The losses of subsection of investbankingu in a fourth quarter attained 321 mln of euro as compared to a 342-millionth quarterly income at the end of 2006 year. A bank specified, that these losses "represented a situation at the market". "Investment banking "burdened" annual results, and now it is very difficult to guess, which 2008 will be, as spredi grow", - director general of UniCredit Group Alessandro Profumo marked in the interview of Bloomberg.
The head of bank added, that charges on restructuring of business also had exceeded initial calculations, however much he notarized, that all of them already had remained behind. The question is about integration of large acquisitions of UniCredit, which were done in a few last years (German bank of HVB Group in 2005 year and Italian competitor Capitalia Sp last year). The results of credit bank of Capitalia, which was purchased for 29 milliards of aie., were in the first time included in the operating financial statement of UniCredit (about 20 milliards of euro). Last year UniCredit spent yet about 1,2 milliards of euro on integration of business of Capitalia in an own structure.
"The results of company did not justify expectations of analysts. Main reason of it - the cost of absorption appeared ever-higher. In addition, causes the disturbance of deceleration in investitsiyno-bankivskomu subsection. In toy time fundamental bases of business of company remain in a norm. However disturbed markets are possibility of the subsequent weakening of brief-case of Capitalia", - Linda Krisafulli marked the trader of broker company IG Markets.
Alessandro Profumo is sure that subsection of corporate bankingu, and also operations, is in East Europe, including in Russia, will help to support growth in the future. The volumes of deposits of clients were multiplied last year on 36%, to a 391 milliard of euro. The head of bank does not plan new absorptions while, focusing on "organic growth". On his words, UniCredit intends to open about 1000 separations in East Europe, in particular in Ukraine, and also in Kazakhstan. Without regard to the comparatively quite good results of operating activity of bank, the price of his equities falls swiftly - for the last half-year UniCredit lost the fourth of the capitalization which now barely exceeds 60 milliards of euro almost. |