Group Results

For the 9^th consecutive quarter UniCredit delivered excellent financial results improving its profitability and distribution run rate as we continue to unlock the intrinsic value of our franchise. We are making significant progress in the execution of our strategic plan and are in the second phase of our ongoing industrial transformation, setting a new benchmark for banking. We are reinforcing the commercial franchise and optimizing our products and services to deliver the best to our clients in the most efficient way.

Our record first quarter net profit of €2.1 billion was delivered with double digit net revenue growth supported by very strong net interest income and further cost reduction, creating positive operational leverage. We continued to generate a high amount of organic capital resulting in a best in class 16.05% CET1 ratio, already reflecting our 2022 distribution of €5.25 billion and first quarter cash dividend accrual of €0.7 billion. 

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.