Jean Pierre Mustier, Chief Executive Officer of UniCredit S.p.A. :
"Thanks to the successful execution of Transform 2019, we have a strong liquidity position and very strong capital, with a CET1 MDA buffer fully loaded of 481 bps, well above our 200-250 bps target range . This strength has allowed us to continue to support clients and communities across Europe during this challenging time. UniCredit is committed to being part of the solution and, throughout 2Q20, we have worked closely with governments in all of our countries to provide guaranteed loans and offer moratoria totalling over €41 bn."
"We saw the first signs of a commercial recovery at the end of 2Q20 as economies began to open up across most of our core markets."
"Today, we confirm our FY20 cost of risk at 100-120 bps and have a conservative view on LLPs in the coming quarters. We also confirm our target of €3 to €3.5 bn underlying net profit for FY21 and, as previously announced, we have committed to reinstating our Team 23 capital distribution policy  in 2021 for FY20 onwards, including gradually returning any excess capital to shareholders."
"Thanks to our ongoing digital transformation — a central component of our Team 23 strategy — we have quickly shifted our ways of working to reflect a new normality where remote services lead the way. I want to thank each and every one of our employees for their incredible commitment, resilience and continuing hard work during 1H. Together, we ensure UniCredit is and remains a pan-European winner."