Unicredit Serbia’s net profit in the first three quarters of 2011 equaled RSD 3.98 billion and increased 35 percent from the same period in 2010. The bank’s income increased 38 percent to RSD 8.4 billion, while expenses rose only 8 percent, to RSD 2.6 billion. Unicredit informs that it has made significant business improvements and succeeded in cutting the cost-to-income ratio to 33 percent. The bank’s assets grew 10 percent since last year to RSD 174.5 billion.
