UniCredit confirms 2013 cost of risk outlook, sees recovery delay in Italy
MILAN May 10 (Reuters) - UniCredit said on Friday its outlook for slightly lower loan loss provisions this year was confirmed even though a pick-up in economic activity in Italy was likely to come later than previously expected.
"The macro-econOmic pick-up we had hoped for is likely to be delayed," Chief Risk Officer Alessandro Decio told analysts on a conference call.
"Even so we are comfirming our outlook for a lower cost of risk," he said.
(Reporting By Silvia Aloisi; editing by Francesca Landini)
- Malaysian plane presumed crashed; questions over false IDs |
- China draws 'red line' on North Korea, says won't allow war on peninsula
- Warning shots fired to turn monitors back from Crimea |
- Libya threatens to bomb North Korean tanker if it ships oil from rebel port