by Amruth Sundarkumar | Mar 27, 2023 | Banks, Financial Institutions, Perpetual Bonds
UniCredit is likely to redeem its €1.25bn 6.625% Perps callable in June as per a Reuters source after it was said to have put in a request to the ECB to redeem it. The lender has until early-May to make a final decision regarding whether to call the bond or not. The...
by Amruth Sundarkumar | Jul 28, 2022 | Banks
Italian commercial bank UniCredit reported a 66% YoY increase in net profit to €1.5bn ($1.5bn) excluding Russia for the quarter ended June. Total revenues rose 4.9% YoY to €4.5bn ($4.6bn), led by a 11% growth in net interest income thanks to the interest rate...
by Amruth Sundarkumar | May 6, 2022 | Banks
Italy’s UniCredit reported a 70% YoY decline in net income to €247mn ($260.2mn) due to higher-than-expected Russia related provisions at €1.23bn ($1.3bn) in Q1. Total revenues were at €5.2bn ($5.5bn), up 7.3% YoY, driven by higher fees and net interest income....
by Amruth Sundarkumar | Mar 9, 2022 | Banks
Italy’s UniCredit SpA warned of €7.4bn ($8bn) in losses under an “extreme scenario” where Russian banking assets are wiped out, due to the Russia-Ukraine war. This would see an impact of up to 200bp on its capital buffers, bringing its CET1 ratio to...
by Amruth Sundarkumar | Mar 4, 2022 | Banks
Italian lender UniCredit is said to have halted its efforts to acquire Banco BPM after the former’s stock has fallen over 20% since Russia invaded Ukraine. According to Reuters sources, “A strong share price was critical to pulling off the deal to combine...
