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Group Results
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Contacts
Materials
- PDF | 3Q24 Market Presentation (1.82mb)
- PDF | 3Q24 Press Release (845.33kb)
- PDF | 3Q24 Fixed Income & ESG Presentation (1.40mb)
- XLSX | 3Q24 Divisional Database (1.10mb)
Please note that the 3Q24 Market Presentation has been changed from the original for a correction on slide 23
Materials Archive
"We reported our fifteenth consecutive quarter of profitable growth and record financial results with net profit of €2.5 billion, or €7.7 billion for nine months, and EPS growth of 31% year over year. Fees increased by 8.5% versus prior year on the back of client activity and as we continue to transform our franchise. Together with resilient interest income, well controlled costs and a continued very low cost of risk, our RoTE reached 19.7% without adjusting for our excess capital. All our regions are contributing to our success while they reap the benefits of a larger Group.
The CET1 ratio at 16.1% is broadly unchanged versus prior quarter notwithstanding the impact of strategic investments as organic capital generation of €3.5 billion set another quarterly record.
It is clear that we have rebuilt our capacity to transform, adapt and excel, underpinned by a clear, consistent and simple strategic vision. As a signal of confidence in our quality sustainable growth we will increase our cash dividend to 50% of net profit from 2025, up from 40%, given the strength of our earnings and organic capital generation. Over the cycle we will continue to demonstrate strong profitability and superior distributions.
During the quarter we deployed some of our excess capital and made a strategic investment in Commerzbank which may or may not eventually lead to a full combination. This is in line with our disciplined approach to inorganic options, keeping to strict financial criteria while giving us future optionality. Our day-to-day priority however remains a commitment to accelerating our undisputed sector leadership and achieving our organic ambitions. We take great pride from what we have delivered for our clients, communities and shareholders and our people will not waver from our determination to continue achieving excellence for all our stakeholders."
Adrea 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.