May 10, 2013 / 2:02 PM / in 5 years

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

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below