Overview

• UniCredit reported a record €2.8 billion net profit in Q1 2025, an 8.3% year-on-year increase, marking its 17th consecutive profitable quarter.
• Net revenues grew by 9.2% to €6.5 billion, driven by an 8.2% rise in fees and commissions and a 16.5% increase in trading income, despite a decline in net interest income.
• The bank signed a ten-year Memorandum of Understanding with Google Cloud to modernize its IT infrastructure, enhance AI and data analytics, and support innovation across its 13 markets.
• UniCredit updated its 2025 profit guidance to exceed €9.3 billion and reaffirmed its ambition to reach €10 billion in net profit by 2027, supported by a CET1 ratio of 16.1%.
• The bank continues its strategic focus on selective M&A, including its stake in Commerzbank and offer for Banco BPM, while accelerating its planned exit from Russia by mid-2026.