Italian bank UniCredit (CRDI.MI), opens new tab beat second-quarter profit expectations on Wednesday and said it was buying a Belgian digital bank that has its own cloud-based IT platform for 370 million euros ($401 million).
UniCredit, which has a large Russia presence and has turned to the European Court of Justice against European Central Bank demands it exits the country quickly, booked 100 million euros in provisions against possible losses in Russia in the quarter after having assets there seized by a court.
Source: REUTER
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