The Group has managed to achieve a remarkable asset quality improvement and has further strengthened its capital ratios.

For the second quarter of 2015, UniCredit reports positive quarterly performance with a Group net profit of €522 m. This result exceeded the expectations of the analysts and is by 2% higher than the previous quarter. This became clear today, after the Board of Directors of UniCredit approved and announced the 1H15 results. The core bank revenues remain resilient at €5.7 bn in 2Q15. Costs are stable and the result is improved also due to the reduction in the provisions by nearly 7%.

UniCredit, which in Bulgaria is represented by UniCredit Bulbank, is one of the 33 systemically important financial institutions in the world and is among the top leading European banks.

“UniCredit posted a net profit exceeding € 1 billion in the first half of 2015. This is an excellent result in a still unfavourable environment for the banking sector, with interest rates at their historical lows. We strengthened our capital ratios, confirming the solidity of our Group. The asset quality improved also as a result of the reduction in impaired loans”, commented Federico Ghizzoni, CEO of UniCredit. He also pointed out that in all its markets UniCredit showed a significant growth in new loans origination.

UniCredit further strengthens its capital ratios and they exceed the regulatory requirements. The CET 1 ratio reaches 10.92%, reflecting also the deal between Pioneer Investments and Santander Asset Management.

Federico Ghizzoni highlighted that all divisions of the Group contributed positively to the good result, including also the Central and Eastern Europe region, which is strategically important for UniCredit.

The Board of Directors of UniCredit officially approved also the proposal of Federico Ghizzoni for changes in the organizational and managerial structure of the Group in order to simplify the business model and the management.

As a result of these changes, from October 1st the General Manager function will no longer exist, which function up to now was performed by Roberto Nicastro.

His functions, which included also CEE supervision, will be divided among the two current Deputy General Managers Paolo Fiorentino and Gianni Papa and the current CFO Marina Natale who also will be appointed Deputy General Manager. The CEE business will fall under the responsibility of Gianni Papa.

“Roberto Nicastro had a decisive role in the development of UniCredit and in particular in the region of Central and Eastern Europe. We are extremely grateful for these achievements and for his innovative strategic contributions. We wish him every success in his next personal and professional challenges“, emphasized Federico Ghizzoni.

“UniCredit owes its success to a remarkable team of people in all countries. I had an inspiring and motivating work and I am particularly grateful to every colleague. I would like to thank UniCredit’s shareholders, the Board members and personally Federico Ghizzoni for their support during all this time. After 18 years with UniCredit, I will embark on new challenges, but before that I will dedicate some time to my family and to my passion for mountaineering”, said Roberto Nicastro.

Further information for clients:

UniCredit Bulbank, Call Centre

Phone number: 0700 1 84 84

More information for media:

UniCredit Bulbank, Identity & Communications Department

Viktoria Blajeva, Phone: + 359 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch

Magdalena Ivanova, Phone: + 359 2 9232 528, nbhebmfob/jwbopwbAvojdsfejuhspvq/ch