The Romanian branch of European group UniCredit posted net profits worth €15 million in the second quarter, 10 percent higher year-on-year. The revenues registered by UniCredit in Romania totaled €71 million in April-June, a 15.4 percent year-on-year increase.
As such, the group's business in Romania accounted for 8.6 percent of the total business registered in Central and Eastern Europe, while the Romanian subsidiary contributed 5.5 percent to net regional profit, according to company representatives during a press conference broadcast live on the Internet.
The Central and Eastern European division, which includes Romania, Bulgaria, Russia, and Turkey, posted net profits worth €226 million in Q1, 73.2 higher year-on-year, while total income rose 17.6 percent, to €826 million, according to UniCredit President, Alessandro Profumo.
