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UniCredit Unlocked
4Q22 & FY22 GROUP RESULTS
RECORD 4Q AND BEST FULL-YEAR RESULTS
IN OVER A DECADE: TRANSFORMED AND POSITIONED TO WIN
FY22
GROW: Revenue: €20.3 bn
o/w Fees* +4% Y/Y
* Incl. client hedging fees accounted within trading profit
Net revenue: €18.4 bn, +13.3% Y/Y
RETURN: Net profit: €5.2 bn
EPS: €2.50
RoTE: 10.7 %
STRENGTHEN: CET1 ratio: 16%
Cost of risk: 41 bps
Integration costs: €0.3 bn
DISTRIBUTE: Organic capital generation: 279 bps
Proposed shareholder distribution**: €5.25 bn
** distribution subject to shareholder and supervisory approvals
OPTIMISE: Cost: €9.6 bn
Cost/Income ratio: 47%
INVEST: Digital and data transformation: -35% major cyber-security incidents, 18 initiatives in Agile, data- driven organisation with +20p.p. Group banking processes under unified data governance
People: 545 FY22 digital hires, mainly tech specialists
All regions exceeding goals prove the strength of our strategic plan at pan-European level
Net Operating Profit FY22 NOP ∆vs. FY21 RoAC FY22
ITA €4.8 bn +41.0% 17.1%
GER €2.1 bn +28.1% 10.9%
CE €1.7 bn +60.5% 14.7%
EE €1.0bn +25.4% 19.3%
Evidence of a transformed bank. Well ahead of UniCredit Unlocked and protecting the future.
2022
- Centered on our clients, purpose, and profitability
- Empowered organisation with a unique pan-European footprint
- Comprehensive quality offering meeting customers’ needs
- A new mindset to win the future
PEOPLE & ORGANISATION
- Delayering the organisation: -28% of structures
- Empowering people: -60% of managerial committees
- Streamlining processes: 65% delegations, enabling local decision-making
- Strong Culture and shared values
DIGITAL
- Digital and data rationalised, cyber security further improved
- Optimise existing technological machines, reclaiming core competencies
- Simplifying products, processes and operations
ESG
- Released Net Zero 2030 targets
- €4bn in new green lending and €4.8bn in social financing