Milan, 7 August 2018: on 6 August 2018, the Board of Directors of UniCredit S.p.A. approved the Group’s 2Q18 and 1H18 consolidated financial accounts as of 30 June 2018.

Jean Pierre Mustier, Chief Executive Officer of UniCredit S.p.A., commenting on the 2Q18 and 1H18 Group results:

“The UniCredit team has delivered another very solid set of results in the first half of 2018 despite a more challenging market and geopolitical context. We remain confident in the European and Italian economy and their strong underlying fundamentals. UniCredit continues to finance the real economy where it operates.

The ongoing successful execution of Transform 2019 underpins the resilient commercial dynamics we enjoyed across the Group in the second quarter: net interest is up by 1.6 per cent to 2.7 billion euro, lending volumes increased by 9 billion euro in Group Core and we saw AuM net sales of an additional 3.2 billion euro.

Thanks to the decisive actions we are continuously taking to de -risk the Group, our Group Core gross NPE ratio at the end of the second quarter dropped by 85 bps year on year to 4.4 per cent.

In terms of our accelerated Non Core rundown, our end 2018 objective is to reach 19 billion euro from 22.2 billion at the end of Q2.

By the end of this year, we expect to be close to finalising the announced Transform 2019 branch closures in Western Europe as well as the planned FTE reductions.”

 

Transform 2019 is fully on track and is delivering sustainable results, underpinned by resilient commercial dynamics. See more in the attached file.

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Additional media information:

Victoria Blajeva, tel +359 (0) 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch

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Ekaterina Ancheva, tel +359 894 518 193 , flbufsjob/bodifwbAvojdsfejuhspvq/ch