UniCredit , Italy's largest bank, on Wednesday said it will take an additional loan-loss provision of 900 million euros ($977 million) for the first quarter as it models the economic impact of COVID-19. For the eurozone, UniCredit sees GDP dropping 13%, followed by a 10% recovery in 2021, which is a more conservative assumption than the International Monetary Fund. UniCredit shares edged higher in Milan trade.
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