UniCredit’s results for Q2 2016 better than last year’s and Q1 2016

UniCredit has announced earlier today its net profit for Q2 2016 at EUR 916 million (EUR 687 million net profit after adjustment for one-off deals). The result exceeds the expectations of market analysts for a profit of EUR 664 million.

Kristofor Pavlov: The strong fiscal position will enable the government to compensate much of the negative effect of Brexit on the GDP growth next year

In the short term the economic consequences of the decision of the UK to leave the EU are clear.

Kristofor Pavlov: Bulgaria does not need investments in general, but investments in production sectors which create jobs

Bulgaria needs a selective approach when attracting foreign direct investment (FDI) – we do not need investments in general, but the desired investments, which have the greatest potential to support the economic growth and the creation of new jobs.

Levon Hampartzoumian: Bulgaria is learning from the mistakes of countries with more developed financial services

Bulgaria has got the privilege to learn from the mistakes of the countries with more developed financial services and to adopt the best services and technologies only

UniCredit reasserts its support for start-ups in Bulgaria, the bank will invest in practically-oriented projects

UniCredit reasserts its support for start-up businesses in Bulgaria, the bank will invest in economically sound, business-oriented projects. This is what Filip Genov, Special Projects Senior Manager with UniCredit Bulbank, announced today at the tech conference "DigitalK".

UniCredit: Moody’s affirmed UniCredit SpA’s ratings with stable outlook

The rating agency Moody’s has confirmed UniCredit SpA’s current ‘Baa1’ long-term deposit and senior debt and ‘Prime-2’ short-term ratings with stable outlook. The standalone baseline credit assessment (“BCA”) of ‘ba1’ and its subordinated debt ratings have been affirmed at the same time.

UniCredit Bulbank to distribute half of its profit as dividends

UniCredit Bulbank is going to distribute half of its profit for 2015 amounting to slightly over 290 million lev to its shareholders. It means that for dividends the bank will set aside around 145 million lev or 0.5 lev per share.

Lyubomir Mitov, Chief Economist of UniCredit for CEE at the Annual Meeting of the European Bank for Reconstruction and Development: The main challenge to the CEE countries for the next 15 to 20 years will be the quality of human capital and of investments

According to the economist, the drive of the CEE counties to join the EU has been the most essential starting point for reforms in these countries during the last quarter of a century.

Annual Meeting of the European Bank for Reconstruction and Development - Credit and Deposit Analysis with Focus on Bulgaria - UniCredit Bulbank

Analysis focused on Bulgaria was presented to the media during the 2016 annual meeting of the European Bank for Reconstruction and Development, May 11-12, London

The results of UniCredit for the first quarter of 2016 surpassed the analysts' expectations

The CEE Region remains a powerful engine of growth for UniCredit with a net profit of 285 million euro for the first quarter of the year.