Commerzbank AG quarters, in the financial district of Frankfurt in Germany, on Thursday, September 12, 2024.
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The second largest lender of Italy Unicredit On Tuesday, he gained the fourth quarter, collecting refunds of shareholders among the market on the merger of the merger and acquisitions of the bank.
The net profit assigned to the group was EUR 1.969 billion (USD 2.03 billion) in the fourth quarter, compared to the analyst of EUR 1.803 billion, according to the consensus compiled by LSEG.
Revenues achieved EUR 6 billion during this period, compared to the expectations of analysts of EUR 5,898 billion.
Other most important attractions in the fourth quarter included:
- Return from tangible capital at 11.5%, compared to 19.7% in the third quarter.
- CET 1 Capital factor, bank solvency measure, was 15.9% of 16.1% in the previous three -year section.
The lender, whose full annual net profit was added annually by 8.1% to EUR 9.31 billion, undertaken to increase the returns of shareholders in 2025, authorizing the guidelines regarding the payment of cash dividend to 50% net profit, from 40% in 2024. UniCredit also said that UniCredit said this year's results at Rote above 17%, compared to 17.7% of 2024.
In the statement accompanying the results, the general director of Andrea Orcel said that UniCredit is moving to the next phase of his strategy and will accelerate his “height, aspiring to further expand the gap with our competitors, close our gap of valuation and strengthening Unicredit as a bank the future and the point of reference to Europe to banking “.
UniCredit was on the epicentrum of the emerging Italy for consolidation from the second half of last year, after its surprise – and later growth – shares in Germany Commerzbankand his acquisition offer for domestic peers Bank BPM At the end of 2024, the Italian lender has so far rejected the opening Unicredit game, but the general director Andrea Orcel told Bloomberg His opening offer Banco BPM was only a “honest starting point”.
The German administration condemned UniCredit “Very aggressive, very opaque, irrelevant“Offer at Commerzbank, with Rome, also resistant to the national front, plans to create a third Italian banking titan in the midst of a wider government Intes Sopaolo and Unicredit. Complicating the Italian transaction landscape, UniCredit presented on February 2 4.1% of the rate compilation In Italy the best insurer Generali groupBut he emphasized that “lack of strategic interest” motivates the undertaking.
Italy critically operates in accordance with so -called Golden District regulations, which allows Rome to intervene or determine the conditions for foreign and domestic corporate acquisitions in key sectors, such as defense, energy, communication and banking.
Market participants are observing which of its double suits undertakes, or whether it will ambitiously keep both goals in sight.
This Breaking News is updated.