UniCredit eyes growth after risk costs ease in Q3

* Q3 net 394 mln euros ($590 million)

* Q3 beats analyst forecasts

* Core Tier 1 7.55 pct end-September

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MILAN, Nov 11 (Reuters) - Italy's biggest bank UniCredit SpA (CRDI.MI) posted a fall in third-quarter net profit but beat analysts' forecasts with the help of a surge in trading income as markets recovered from the financial crunch.

UniCredit, the biggest lender in central and eastern Europe, made a net profit of 394 million euros, down from 490 million euros in 2008, it said in a statement. [nBIA11131]

Ten analysts contributing to Thomson Reuters I/B/E/S had forecast net profit on average of 353.6 million euros.

Trading, hedging and gains in the fair value of assets hit a profit of 715 million euros, reversing a loss of 524 million euros in the same period last year.