Skip to:
Share this event on:
  • LinkedIn

Recomend this page

Thank you, we sent your recommendation to the desired recipient.

Sorry, this functionality is not available right now.
Please try with this link. Thank you.

Sender:

Recipient (e-mail address):

1 / 3

Group Results

Access to the presentation

Materials

This version of the Press Release has been amended from the original to include the detailed timing of the 2024 interim cash dividend approval

Dial-in (Q&A session)

 

Italia: +39 02 802 09 11

UK: +44 1212 818004

US: +1 718 7058796

 

 

 

 

 

"For the full year UniCredit produced a record net profit of €8.6 billion, an increase of over 50% versus the prior year. 4Q23 was the twelfth consecutive quarter of quality profitable growth, indisputable proof of our unique and winning strategy. It illustrates what we can achieve when we put clients at the centre of what we do and focus on executing our industrial transformation, with all thirteen countries of our pan-European franchise contributing to our success. And while we have significantly exceeded our initial ambitions of UniCredit Unlocked our progress is far from over.  

Net revenue growth, cost discipline while investing and despite inflation, and capital efficiency contributed to a RoTE of 16.6%, or 20.5% on a 13% CET1 ratio. Our higher CET1 ratio of 15.9%, resilient asset quality and strong lines of defence put us in an enviable position to continue managing successfully through an uncertain environment.

 

We intend to distribute a total of €8.6 billion to shareholders for 2023 or 100% of net profit, pending approvals, up €3.35 billion versus prior year while increasing our CET1 ratio around 100 bps to 15.9%. Since 2021, we will have returned this year €17.6 billion to our shareholders, underpinned by extremely strong organic capital generation and with sustainability of returns secured by our strategic momentum and significant excess capital.

 

We capped a year of progress towards our Group Net Zero targets with the recent announcement of our 2030 steel sector target. Across our sustainability agenda we are taking great strides and are making a significant, positive impact on our communities.

 

I am immensely proud of our employees for their commitment and enthusiasm. We have built a strong foundation and as we enter the next stage of UniCredit's growth I know that we will continue to evolve and deliver excellence to 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.

Discover More about Unicredit Unlocked

Upcoming financial events

Previous Results Presentations archive

Select range
All years
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
Updated on 05 February 2024.