MOSCOW, July 26. /TASS/. Net profits of Unicredit Bank, a Russian subsidiary of the Italian Unicredit Group, totaled 270 mln euro as of the end of the first six months of 2023, according to the group’s report.

At the same time, Unicredit Bank suffered losses of 571 mln euro in the first half of 2022.

Net profits of the Italian banking group stood at 4.4 bln euro in the first half of this year and mounted to 2.3 bln euro in the second quarter of 2023.

According to the previous report, the Unicredit banking group posted a net loss from the Russian business totaling 220 mln euro.