The net profit of UniCredit Bank in the Czech Republic dropped by 62 percent to CZK1.15bn, a fall attributed largely to the depreciation of Greek bonds. In the course of the last year, the bank has depreciated Greek bonds by CZK 2.2bn and currently it holds Greek bonds worth CZK 3.1bn in its portfolio. Its total asset value increased by seven percent to CZK 288.7bn in 2011. The volume of client loans increased by 5.6 percent to CZK 182 bn, while client deposits amounted to CZK 178.7bn, an increase by 2.5 percent.
