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UniCredit CEO defies doubters with surprise profit surge

He's now focused on boosting net income to 4.7b euros by 2019 and growth in fees and commissions

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UniCredit has managed its own revival while other Italian banks needed state intervention to keep them going.

Milan

UNICREDIT SpA CEO Jean Pierre Mustier defied expectations that the bank couldn't keep up earnings growth, posting a surprise second-quarter profit surge and a further improvement in capital.

Net income climbed to 945 million euros (S$1.5 billion) from 916 million euros a year

sentifi.com

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