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Group Results

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As we continue to unlock the significant untapped potential of our franchise, UniCredit delivered the best first half on record and an exceptional second quarter stated net profit of €2.3 billion, an increase of 14.9% year on year.


We continue to achieve excellence through a winning strategy rooted in our ongoing industrial transformation. Our performance is the outcome of high-quality fee growth despite an uncertain macroeconomic backdrop, further cost reduction despite high inflation and NII strength. This together with our structurally low Cost of Risk demonstrates how we can drive sustainable profitability.


Our extremely strong CET1 ratio of 16.64%, organic capital generation of €6.5 billion in the first half of 2023 and our profitable growth allows us to further increase the financial guidance for the year to a net profit of at least €7.25 billion and a minimum distribution of €6.5 billion

Looking ahead this serves as a baseline for what we are confident we can achieve next year as well.

Although we cannot predict macroeconomic outcomes, we do know that we are well equipped for the future with our clear strategy, diversified business mix and ever improving operating efficiency. Our sound asset quality coupled with prudent overlays and a rock-solid balance sheet provide lines of defense that position us well against uncertainties.

We have an unwavering commitment to financial success and equally to living our purpose. In these challenging times we are supporting and empowering our communities to progress and recently launched a second UniCredit per l'Italia with a potential value of €10 billion. 

This is aimed at supporting the disposable income of individuals and households and the liquidity of Italian businesses, and we will continue to fulfil our social responsibilities to our stakeholders across the countries where we are present.

We have achieved much but our journey is not yet complete. The excellent financial results we have accomplished over the last 10 quarters have not made us complacent and we continue to make every endeavor to deliver the best that we can for all our stakeholders.


Andrea Orcel, Chief Executive Officer of UniCredit S.p.A.

Our Strategy 

UniCredit Unlocked


UniCredit Unlocked is our new strategic plan.

It is a plan to unlock the potential within UniCredit to move out of a period of retrenchment and restructuring into an era of purpose, growth and value creation.

This is how we will create the bank for Europe’s future - a bank that delivers for all stakeholders and is capable of unlocking the potential of people, businesses and communities across Europe and empowering them to progress.

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Updated on 26 July 2023.