In the first quarter of 2022, the net profit of the five leading Italian institutions decreases by 47% YoY, this is the main finding of the Value Partners’ analysis of quarterly reports.
This result was particularly impacted by credit adjustments by Unicredit and Intesa due to their exposure to the Russian Federation. However, operational performance recovers.
Details in Francesco Ninfole’s article for MF (May 14), with contributions from Marco De Bellis and Marco Abbondi.
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