UniCredit Group has once again demonstrated its strength in the second quarter with an excellent set of financial results, proof of the significant progress that the bank has made thus far in its transformation journey, with significant value still to unlock
UniCredit Group recorded the 14th consecutive quarter of quality profitable growth as well as record results for the first half of this year, with a net profit of 2.7 billion euros in the second quarter, which is an increase of 16% compared to the same period of the previous year. In the second quarter, the Group recorded a growth in net income of 6% compared to the previous year, amounting to 6.3 billion euros, followed by a growth in net interest income (NII) of 2% to 3.6 billion euros and a very strong growth in fees of 10 % to 2.1 billion euros.
Andrea Orcel, CEO of UniCredit said: “The achieved records are the result of continuous transformation and focus on sustainable quality and profitable growth, while encouraging operational and capital excellence and long-term investment. The financial results, together with the potential we need to unlock, represent a strong basis for realizing our future ambitions. UniCredit is setting new benchmarks in European banking, and we are on a clear strategic path that will enable us to grow sustainably and consistently, empowering our employees, clients and the communities in which we operate.”
In June 2024, the bank launched “UniCredit for CEE” (Serbia is included through the “UniCredit for Serbia” platform), a new initiative that provides concrete financial and advisory solutions throughout Central and Eastern Europe with the aim of helping micro and small businesses, including organizations from the tertiary sector, to grow and to face the problems related to the green transition. The initiative includes 60 financial solutions, worth over 2.6 billion euros, during 2024.
In June 2024, the bank launched “UniCredit for CEE”, a new initiative that provides concrete financial and advisory solutions throughout Central and Eastern Europe
UniCredit continues to make significant progress in its ESG ambitions. The launch of the “Skills for Transition” initiative was recently announced – which is fully financed by the bank, and which is dedicated to promoting a just and fair transition, as well as consistent support for education – a key driver of the European future. The initiative includes six UniCredit Group countries with the aim of providing strategic training to young people and companies expected to be influenced by the green transition.
About UniCredit Bank
UniCredit is a pan-European Commercial Bank with a unique service offering in Italy, Germany, and Central and Eastern Europe. Our purpose is to empower communities to progress, delivering the best-in-class for all stakeholders, and unlocking the potential of our clients and our people across Europe.
We serve over 15 million customers worldwide. They are at the heart of what we do in all our markets. UniCredit is organized in four core regions and three product factories, Corporate, Individual and Group Payments Solutions. This allows us to be close to our clients and use the scale of the entire Group for developing and offering the best products across all our markets.
Digitalization and our commitment to ESG principles are key enablers for our service. They help us deliver excellence to our stakeholders and create a sustainable future for our clients, our communities, and our people.