UniCredit ups Italy lending
UNICREDIT increased lending in Italy in the third quarter, the bank said yesterday, in a sign that the troubled economy could be moving past the worst of its woes.
New loans to households and companies increased to €5.2bn (£4.4bn), up 15.5 per cent in the first nine months of the year, compared with the same period of 2012.
However, profits are still down on the year. The bank made €1bn in the year to date, down 28.5 per cent on the year.