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UniCredit reports fall in Q1 earnings from poor performance of Russia business
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fnlondon.comUniCredit reported a drop in first-quarter earnings on 5 May, dragged by rising provisions related to its Russian business, and cautioned that a planned buyback will depend on its performance in the country.
The Italian bank posted a net profit of €247m ($262.4m), compared with €829m a year earlier and consensus expectations of €455m.
Excluding...
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