UniCredit S.p.A.

UCG

IT0005239360

Banks

Real-time Borsa Italiana Other stock markets 14:51:09 12/02/2025 GMT			5-day change	1st Jan Change
47.02 ^EUR	+0.30%		+5.47%	+22.17%

01:56pm	Reports: Commerzbank could cut thousands of jobs	DP
01:54pm	UniCredit's bid target Banco BPM urges more clarity on suitor's Russia business	RE

Orcel: "UniCredit will surprise again with its results."

January 17, 2025 at 06:50 am

(Alliance News) - UniCredit Spa, busy on two fronts with the OPS on Banco BPM Spa in Italy and the takeover of Commerzbank AG in Germany, is aiming for solid growth in the coming years.

CEO, Andrea Orcel, echoed by Il Sole 24 Ore, says he is confident: "Mutual trust has propelled us forward and will allow us to surprise again in the next three to four years."

After a net profit of EUR7.7 billion in the first nine months of 2024, up 16 percent year-on-year, the focus is on the 2024 results, due February 11, and the outlook for 2025.

A successful bid for Banco BPM could lead to an increase in earnings per share in line with expectations but much will depend on the final terms of the deal.

Orcel reiterated UniCredit's Italian DNA: "We are an Italian bank with solid roots but with a European vision. We want to bring the best of Italy abroad."

The CEO also clarified that although UniCredit does not have the size of Intesa Sanpaolo Spa in Italy, it adopts an international model, supporting businesses in foreign markets with a direct and not just a representative presence.

Orcel responded indirectly to Intesa CEO Carlo Messina, who had stressed Intesa's centrality in the Italian banking system and reiterated his willingness to challenge it on a daily basis.

By Giuseppe Fabio Ciccomascolo, Alliance News senior reporter

Comments and questions to redazione@alliancenews.com

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Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
UNICREDIT S.P.A.	47.02EUR	+0.30%	+5.47%	75.25B
COMMERZBANK AG	19.32EUR	+2.27%	+3.62%	23.16B
BANCO BPM S.P.A.	9.030EUR	+1.28%	+5.81%	13.85B
INTESA SANPAOLO S.P.A.	4.444EUR	+0.49%	+5.29%	81.36B

fe19deafb52db8e43e5538d212638.nCONAGXrcnRFo2PYh1AtQYgvBPCacFlltxtqvbgMCMA.y3DPRRylKjsnlDqcxAJubL9oSLj5RyMD2VEw4s12OLXJZ-o2H4o3HmjoMg

Latest news about UniCredit S.p.A.

Reports: Commerzbank could cut thousands of jobs	01:56pm	DP
UniCredit's bid target Banco BPM urges more clarity on suitor's Russia business	01:54pm	RE
BANCO BPM CEO: WE HOPE TO HAVE MORE CLARITY ON UNICREDIT'S RUSSI…	01:54pm	RE
UniCredit CEO Orcel Said He'S Not Holding Any Live Talks With Credit Agricole To Discuss His Bid For Banco BPM - Bloomberg News	12:04pm	RE
UNICREDIT CEO ORCEL SAID HE'S NOT HOLDING ANY LIVE TALKS WITH CR…	12:04pm	RE
Mib bullish; Nexi leads the way	11:06am	AN
Commerzbank to Reduce Workforce, Improve Targets to Ward Off UniCredit	09:33am	MT
Europeans bullish; BPM advances after accounts.	08:52am	AN
Commerzbank Plans Thousands of Job Cuts, Reuters Says, Citing Sources	08:20am	DJ
UNICREDIT SPA : JP Morgan maintains a Buy rating	07:53am	ZD
Commerzbank to Reduce Workforce, Improve Targets to Ward Off UniCredit	06:38am	MT
Commerzbank plans job cuts, new targets to keep UniCredit away, sources say	06:00am	RE
UniCredit above 5 percent of Generali but Orcel rules out climbdowns	05:48am	AN
Italy - Factors to watch on Feb. 12	05:00am	RE
German embassy asks Italy's banking union about M&A battles	02-11	RE
Italian asset managers' net inflows rise to 3.15 billion euros in January	02-11	RE
UNICREDIT : Largely sustainable profitability	02-11
UniCredit S.p.A. Reports Earnings Results for the Full Year Ended December 31, 2024	02-11	CI
Commerzbank To Cut Back Office In Revamp To Counter UniCredit - Bloomberg News	02-11	RE
Breakingviews-Andrea Orcel's M&A hunt sets course for Italy	02-11	RE
Global markets live: Wells Fargo, Microsoft, Humana, BP, TUI...	02-11
UK Court Overturns UniCredit's Injunction in RusChemAlliance Case	02-11	MT
Delfin, no decision on sale of UniCredit stake - source	02-11	RE
No decision on stake sale in Unicredit, Delfin source says	02-11	RE
Milan stock exchange little moved, Unicredit drop weighs, Mediobanca, B.Generali do well	02-11	RE

Andrea Orcel

Mr. Andrea Orcel is Chief Executive Officer at UBS AG (London Branch) and UBS Ltd., and President-Investment Bank at UBS Group AG. He is on the Board of Directors at UBS Ltd. and UBS Americas Holding LLC. He became a member of UBS Group Executive Board in July 2012 and was co-CEO of the Investment Bank from July to November 2012. In January 2016, he was appointed Senior Officer Outside of Australia for UBS Australia Branch, and since December 2014, he has additionally held the position as Chief Executive for UBS Limited and UBS AG London Branch. He joined UBS from Bank of America Merrill Lynch, where he had been Executive Chairman Investment Bank since 2009, President of Emerging Markets (excluding Asia) since 2010 and CEO of European Card Services since 2011. Prior to the acquisition of Merrill Lynch by Bank of America, Mr. Orcel was a member of Merrill Lynch’s global management committee and Head of Global Origination, which combined Investment Banking and Capital Markets. He held a number of other leadership positions, including President of Global Markets & Investment Banking for Europe, Middle East and Africa (EMEA) and Head of EMEA Origination beginning in 2004. Between 2003 and 2007, he led the Global Financial Institutions Group, of which he had been part since joining Merrill Lynch in 1992. Mr. Orcel holds an MBA from INSEAD and a degree in Economics and Commerce, summa cum laude, from the University of Rome.

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Company Profile

UniCredit S.p.A. is one of the leading European banking groups. Income breaks down by activity as follows: - corporate, investment, finance and market banking (51%): leasing, factoring, stock transactions, participation in the rate, exchange, stock and derivative markets, stock exchange intermediation, etc.; - retail banking (49%). At the end of 2023, the group managed EUR 474.4 billion in deposits and EUR 409.5 billion in loans. Products and services are marketed through a network of 3,082 branches located primarily in Italy (1,950). Income (including intragroup) is distributed geographically as follows: Italy (44.7%), Germany (22.3%), Central Europe (17.5%), Eastern Europe (10.7%) and Russia (4.8%).

Employees

70,752

Sector

Banks

Calendar

10/04/2025 - Shareholders Meeting

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