UniCredit S.p.A ("UniCredit", "The Company") informs it has received ECB authorization for the execution of the second tranche of the 2024 share buy-back programme for a maximum of Euro 3.6 billion.
Together with the 2024 dividends already paid this will bring the 2024 calendar year distribution to Euro 9 billion without denting CET1 due to the strong organic capital generation. UniCredit's CET1 ratio of 15.9% as of 31 December 2024 already reflected this distribution confirming UniCredit's ability to provide shareholders with attractive and sustainable distributions while increasing capital strength.
The share buy-back - for which all relevant approvals have been received - is expected to commence as soon as possible following the completion of the offer for Banco BPM, subject to market conditions.
Milan, 9 May 2025
Contacts:
Media Relations
e-mail: MediaRelations@unicredit.eu
Investor Relations
e-mail: InvestorRelations@unicredit.eu