IFR names UniCredit its Bank of the Year for 2024
Thursday 13 February 2025
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UniCredit has been named Bank of the Year by top banking industry title International Financing Review (IFR), building on momentum from similar wins in The Banker’s Bank of the Year and Bank of the Year in Europe awards.
IFR has recognised our global leadership, naming UniCredit the overall Bank of the Year 2024 and EMEA Loan House of the Year in its IFR Awards 2024.
The winners were published on ifre.com on February 5 and in the IFR Awards supplement. The awards will be presented during its annual gala dinner ceremony in London on March 17.
With a pedigree stretching back over four decades, IFR (International Financing Review) is the world's leading provider of global capital markets intelligence. The IFR team is the largest and most experienced of any capital markets publication and comprises a careful blend of seasoned journalists and acknowledged industry professionals. The publication is uniquely qualified to offer unbiased expert commentary from all major financial hubs, ensuring the highest grade of quality journalism.
Commenting on the awards won by UniCredit, Matthew Davies, editor in chief of IFR, said:
‘Andrea Orcel’s moves in the M&A market have taken all the headlines. Certainly, he has challenged European authorities to live up to their words on the banking union. But it is vital not to overlook the turnaround of UniCredit’s underlying business in the past few years. It has gone from an also-ran in the European banking industry to a leader. It is much more profitable, much more dynamic, and much more entrepreneurial than it was. That is great news for its clients – but also for the Italian and European banking sector.’
In recent years, we have relentlessly worked on our cultural and industrial transformation, committing to fundamental change to redefine our future, with the ambition of becoming the bank for Europe’s future.
"We are extremely proud of these achievements and what they represent about UniCredit’s transformation. UniCredit is a different institution today and, as we conclude the first phase of UniCredit Unlocked having achieved and exceeded all our objectives, it is a pleasure to reflect on how far we have come. We have emerged as the benchmark for banking excellence in Europe thanks to the hard work and dedication of our people, who strive relentlessly to deliver for our clients and their communities. These are their awards, and they should be very proud of what they have achieved."
Andrea Orcel, UniCredit CEO
Our excellence over the past year has also been recognised by another prestigious international magazine, The Banker, part of the Financial Times group, which named UniCredit Bank of the Year and Bank of the Year in Europe in 2024.
Serving 15 million clients in 13 markets across Europe, we remain focused on supporting our clients and employees, while working to fulfill our purpose and empower communities to progress.