UniCredit - UniCredit - GROUP FIRST HALF 2012 RESULTS HIGHLIGHTS (88/2012)

| | KOMISJA NADZORU FINANSOWEGO | | | | | | | | | | |
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| | | | | Raport bieżący nr | 88 | / | 2012 | | | | |
| | Data sporządzenia: | 2012-08-03 | | | | | | | | | |
| | Skrócona nazwa emitenta | | | | | | | | | | |
| | UniCredit | | | | | | | | | | |
| | Temat | | | | | | | | | | |
| | UniCredit - GROUP FIRST HALF 2012 RESULTS HIGHLIGHTS | | | | | | | | | | |
| | Podstawa prawna | | | | | | | | | | |
| | Art. 56 ust. 1 pkt 2 Ustawy o ofercie - informacje bieżące i okresowe | | | | | | | | | | |
| | Treść raportu: | | | | | | | | | | |
| | GROSS OPERATING PROFIT HELD UP WELL, SUPPORTED BY COST CUTTING HELPING TO OFFSET HIGHER LOAN LOSSPROVISIONS ? Gross operating profit held up well in the second quarter at ?2.5 billion underpinning the resilience of the Group ? Effective cost management led to a 4.6% drop in operating costs in2Q12 versus 2Q11, and -2.6% in 1H12 Y/Y ? Loan loss provisions increased to ?1.9 billion in 2Q12, whilst the overall coverage ratio in Italy went up in the quarter ? Net profit for 1H12 stands at ?1.1 billion, down by 18.0% Y/Y ? Funding gap further improving, with deposits up throughout the Group (+2.8% Q/Q), notably in Italy ? Sound liquidity position: available unencumbered assets covering more than 100% of wholesale funding maturing within 1 year ? Conservative risk policy leads to a diversified exposure to Sovereign debt mirroring our regional presence; Italian exposure stable in the quarter ? Core Tier I ratio stands at a solid 10.4%, and CET1 with full uploading of Basel 3 is above the 2012 target 1H 2012 KEY
FIGURES ? Group Net Profit: ?1.1billion (-18.0% Y/Y), of which ?477 million from buy-back of Tier I and Upper Tier II bonds in 1Q12 ? Revenues: ?13.4 billion (-0.2% Y/Y),of which ?697 million from buy-back of Tier I and Upper Tier II bonds ? Operating Costs: ?7.6 billion (-2.6% Y/Y) ? Cost/Income ratio at 56.8% (-1.4 p.p. Y/Y) ? Gross Operating Profit: ?5.8 billion in 1H12 (+3.1% Y/Y, -9.4% net of buy-back) ? Loan Loss Provisions: ?3.3 billion (+23.6% Y/Y) ? Balance Sheet and regulatory capital: Core Tier I at 10.4%, well above regulatory requirements 2Q 2012 KEY FIGURES ? Group Net Profit: ?169million (-66.9% Y/Y), -61.3% Q/Q net of the ?477 million from buy-back of Tier I and Upper Tier II bonds in 1Q12 ? Revenues: ?6.2 billion (-3.2% Y/Y) down by 2.5% Q/Q excluding the ?697 million from buy-back of Tier I and Upper Tier II bonds ? Operating Costs: ?3.7 billion (-4.6% Y/Y, -2.4% Q/Q) ? Cost/Income ratio at 59.9% (-0.9 p.p. Y/Y, flat Q/Q excluding 1Q12 bond buy-back) ? Gross operating profit: ?2.5 billion
(-1.0% Y/Y), -2.5%Q/Qexcluding bond buy-back in 1Q12 ? Loan Loss Provisions: ?1.9 billion (+62.2% Y/Y, +36.6% Q/Q) (Press Release 1 half 2012 Group Results - see attachment). | | | | | | | | | | |
| | Załączniki | | | | | | | | | | |
| | Plik | Opis | | | | | | | | | |
| | UniCredit Press Release 2Q12_ENG.pdf | PR | | | | | | | | | |

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| | | UniCredit S.p.A. | | | | | |
| --- | --- | --- | --- | --- | --- | --- | --- |
| | | (pełna nazwa emitenta) | | | | | |
| | | UniCredit | | Banki (ban) | | | |
| | | (skrócona nazwa emitenta) | | (sektor wg. klasyfikacji GPW w W-wie) | | | |
| | | 00187 | | Rzym | | | |
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RAPORT BIEŻĄCY
MESSAGE (ENGLISH VERSION)
INFORMACJE O PODMIOCIE
PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ

RAPORT BIEŻĄCY
MESSAGE (ENGLISH VERSION)
INFORMACJE O PODMIOCIE
PODPISY OSÓB REPREZENTUJĄCYCH SPÓŁKĘ