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May 10 Italy's Unicredit reports a profit of €914M in Q1, beating expectations of €832.4M. Banking group deposits were higher by 2% and its core tier 1 capital ratio rises to 10.31%. A bit more ominous, lending for the retail bank fell 1.1% Q.Q. Shares +5.3% in Milan. Italy's MIB +1.3%.
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