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UniCredit's CEO Andrea Orcel stated that the bank will only pursue a buyout of Banco BPM if the terms are favorable, emphasizing the importance of a sensible deal. He confirmed guidance for a 2025 net profit matching last year's record and highlighted the bank's strong performance since 2021, having returned €26 billion to investors. Recent developments have negatively impacted Banco BPM's share price, as the European Central Bank expressed concerns over its acquisition of Anima Holding, affecting investor expectations for a higher premium.
UniCredit's CEO Andrea Orcel stated that the bank would realize a capital gain if it sells its stake in Commerzbank. During the annual general meeting, he noted that while hedging the investment limited potential profits, it ultimately protects shareholders and enhances capital position.
UniCredit's CEO, Andrea Orcel, confirmed the bank's compliance with the European Central Bank's (ECB) requests regarding the reduction of its Russian business, stating they are ahead of some deadlines. However, UniCredit has legally challenged the ECB's stringent deadlines, arguing that compliance could conflict with Russian law and international sanctions. In the fourth quarter, the bank reported an 8% increase in cross-border payments with Russia, totaling 9.8 billion euros, attributed to one-off debt repayments from Western companies.
UniCredit CEO Andrea Orcel confirmed the bank's compliance with the European Central Bank's (ECB) requests regarding the reduction of its Russian business, stating they are ahead of some deadlines. However, UniCredit has challenged the ECB's stringent deadlines in court, arguing that compliance could conflict with Russian law and international sanctions. In the fourth quarter, the bank reported an 8% increase in cross-border payments with Russia, totaling 9.8 billion euros, attributed to one-off debt repayments from Western companies.
UniCredit's CEO, Andrea Orcel, confirmed the bank's compliance with the European Central Bank's (ECB) requests regarding the reduction of its Russian business, stating they are ahead of some deadlines. However, the bank has challenged the ECB's stringent deadlines in court, arguing that compliance could conflict with Russian law and international sanctions. In February, UniCredit reported an 8% increase in cross-border payments with Russia, totaling 9.8 billion euros in the fourth quarter, attributed to one-off debt repayments from Western companies.
UniCredit's CEO Andrea Orcel stated that the bank will only pursue a buyout of Banco BPM if the terms are favorable. He emphasized that UniCredit has outperformed other European banks since 2021 and is well-positioned for future challenges, even if it remains independent.
UniCredit's CEO Andrea Orcel stated that the bank will only pursue a buyout of Banco BPM if the terms are favorable. He emphasized that UniCredit has outperformed other European banks since 2021 and is well-positioned for future growth, even as a standalone entity.
On 27 March 2025, an Ordinary and Extraordinary Shareholders' Meeting will take place. KPMG S.p.A. has been appointed to conduct a sustainability assurance engagement, issuing a report on 25 February 2025, in compliance with recent legislative updates regarding assurance report requirements.
UBS experienced a technical fault on Wednesday, causing certain debits to clients' accounts to be displayed twice. The bank acknowledged the issue and assured clients that the incorrect bookings would be corrected, although details regarding the cause, number of affected clients, and resolution timeline were not disclosed.
Goldman Sachs has maintained a 'Buy' rating for UBS AG while reducing its price target from 44.50 to 36.00 francs, citing stricter capital requirements for Swiss banks. Analyst Chris Hallam noted that the outlook for European banks is the most favorable in 20 years, with several banks poised to benefit despite a 29% rise in the European banking index this year.
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unicredit to pursue banco bpm acquisition only on favorable terms
Euro
Banca Generali S.p.A.
Banco BPM S.p.A.
Anima Holding SpA
Commerzbank AG
UniCredit S.p.A.
ITA
DEU
Valentina Za
Andrea Orcel
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