Italy’s UniCredit to write down loans for 0.9 bln euros in Q1 due to COVID-19
Italy’s UniCredit on
Wednesday became the first major euro zone bank to announce it
would write down the value of its loans to reflect the economic
slump which the coronavirus emergency is expected to drive this
year.
Wednesday became the first major euro zone bank to announce it
would write down the value of its loans to reflect the economic
slump which the coronavirus emergency is expected to drive this
year.
Posted by Reuters
