OREANDA-NEWS. November 21, 2011. The UniCredit group published consolidated financial results of its operations for the past none months 2011, as well as presented its strategic development plan by end 2015, reported the press-centre of KASE.

Currently, UniCredit is a leading European bank heavily present in emerging countries of Eastern and Central Europe. It is one of the largest European networks with around 10, 000 branches and over 35 m active customers. UniCredit has become the home bank for more than 20 m families and 2 m small and medium enterprises. Despite the current global financial turbulences, UniCredit remains sound and firm.

Over the past 9 months 2011, the Group incurred losses amounting to EUR9.3 bn, mainly due to the minus of EUR10.6 bn in the 3rd quarter 2011. That was caused by writing-off the goodwill of as much as EUR9.8 bn. But it is to note that there is a considerable improvement on the main operating side at the same time.

The net income after losses including the goodwill write-off made up EUR847 m, the operating income rose 2% over last year. Operating expenses were the same as last year. The Group keeps a healthy balance sheet structure and maintains its capital adequately. The main capital adequacy (Core Tier I) is at 8.74%, the general capital adequacy (Tier I) - 9.68%.