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Strategy and Results
2009 Highlights
UniCredit Group in 2009: strengthened capital structure, constant cost cut, net
profit of €1,702 million
YEAR
2009:
20
Net profit attributable to the Group:
€1,702 million
Operating income: €27,572 million, up
by 2.6% y/y
Operating profit: €12,248 million, up by
20.3% y/y
Strengthened balance sheet structure:
decreasing total assets, trading business
and net interbank position, improving
leverage ratio.
Strengthened capital structure: Core
Tier 1 ratio up to 7.62%, +104 bp over
December 2008, post CASHES. Proforma
Core Tier 1 ratio considering a
successfully completed capital increase
in February 2010: 8.47%
Operating costs steadily improving: down
by 8.2% y/y; Cost/Income ratio: 55.6%
2009 dividend: €0.03 per share
2009
2009 Conso Consolidated Cons ated ed Reports and Accounts · UniCredit Group
Q4
2009:
Net profit attributable to the Group:
€371 million (€394 million in Q3 09)
Operating income: €6,443 million, q/q
increase in net fees and commissions and
reduction in the net trading, hedging and
fair value income, in line with the industry
trend
Operating costs: €3,803 million, steadily
down q/q
Loan provisions: €2,068 million, cost of
risk dropped for the second consecutive
quarter to 146 bp
Operating profit: €2,640 million, down
from Q3 2009 due lower net trading,
hedging and fair value income.
Generation of 21bp of Core Tier 1 ratio
during the quarter; capital ratios up by 7bp,
also considering the effect of the dividend,
which was fully recognized in the accounts
in Q4.