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Group Results

Access to the presentation

Dial-in (Q&A session)


Italia: +39 02 802 09 11

UK: +44 1212 818004

US: +1 718 7058796




"For the first half and second quarter of this year UniCredit posted yet another record set of financial results.


Our RoTE reached 20% (before adjusting for our significant excess capital relative to peers), our net profit increased 16% to €2.7bn in the quarter and 20% to €5.2bn in the half and our organic capital generation improved to €3.3bn and €6.7bn respectively for the quarter and the half. All are records!


They all are the outcome of our continued transformation and focus on prioritising sustainable quality profitable growth while driving operational and capital excellence and investing for the long term.


Fees strongly grew across the board as our product factory and first line investments begin to deliver more visible results. They complemented well a resilient net interest income, far exceeding our cost of equity, to deliver high quality profitable revenue growth. Cost of risk remains low and stable and, while the macro environment is broadly stable, we are well positioned to weather any possible deterioration with sound asset quality and existing overlays. Our cost continued to decline in spite of inflation and sustained investment, as did our capital intensity, driven by the continued quality improvement of our revenues.


We have announced an interim 2024 distribution of €1.4 billion in dividends and €1.7 billion in share buy-backs as part of our total accrued distribution of €5.2 billion in the first half of the year. Despite accruing 100% of Net Profit, or 60% of our yearly distribution guidance, our best-in-class CET1 ratio increased to 16.2% year on year, on a like for like basis, thanks to our excellent organic capital generation.


These elements, together with still greater value to unlock and significant excess capital to deploy or return, make us confident that we will achieve our future ambitions. UniCredit is setting the benchmark in European banking, and we are on a clear strategic path that will allow us to grow sustainably and consistently reward our investors and people while delivering for our clients and communities."


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.

Discover More about Unicredit Unlocked

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Updated on 24 July 2024.