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UniCredit SpA (CRDI.MI)

CRDI.MI on Milan Stock Exchange

8.02EUR
3 Dec 2020
Change (% chg)

€0.04 (+0.49%)
Prev Close
€7.98
Open
€8.00
Day's High
€8.11
Day's Low
€7.96
Volume
32,617,624
Avg. Vol
20,329,476
52-wk High
€14.44
52-wk Low
€6.01

Latest Key Developments (Source: Significant Developments)

Unicredit Sells EUR 153 Mln Unlikely To Pay Portfolio To Illimity
Wednesday, 11 Nov 2020 

Nov 11 (Reuters) - UniCredit SpA ::SELLS TO ILLIMITY ITALIAN SMALL MEDIUM ENTERPRISE SECURED AND UNSECURED UNLIKELY TO PAY PORTFOLIO.PORTFOLIO CONSISTS ENTIRELY OF ITALIAN EXPOSURES WITH TOTAL GROSS CLAIM VALUE OF APPROX € 153 MILLION.  Full Article

UniCredit working with Aviva to reach positive solution for JV
Thursday, 5 Nov 2020 

Nov 5 (Reuters) - UniCredit Chief Executive Jean Pierre Mustier tells virtual press conference::WORKING WITH AVIVA TO REACH POSITIVE SOLUTION FOR THE JOINT-VENTURE.  Full Article

UniCredit says October "very good month" for fees
Thursday, 5 Nov 2020 

Nov 5 (Reuters) - UniCredit Chief Executive Jean Pierre Mustier tells analyst call::OCTOBER WAS "VERY GOOD MONTH" FOR FEES, EXPECTS Q4 LEVEL TO BROADLY MATCH Q3, IMPACT OF NEW RESTRICTIONS WON'T BE DRAMATIC.THERE ARE NO QUESTION MARKS ON THE REGULATORY TREATMENT OF THE 'CASHES' WHEN GRAND-FATHERING ENDS, THEY WILL BE CONVERTED INTO TIER2.  Full Article

Unicredit CEO says sub-holding plan on hold for now
Thursday, 5 Nov 2020 

Nov 5 (Reuters) - UniCredit CEO Jean Pierre Mustier tells media briefing::BANK'S CURRENT BUSINESS PLAN INCLUDES NO M&A.TRANSFORMING THE BANK RATHER THAN INTEGRATING IT REMAINS THE PRIORITY.BANK WILL USE EXCESS CAPITAL TO SUPPORT ECONOMY AND REWARD SHAREHOLDERS WHEN ALLOWED TO DO SO.SUB-HOLDING COMPANY FOR FOREIGN ACTIVITIES REMAINS A PROJECT BUT ECB'S QUANTITATIVE EASING CONDITIONS MEAN IT IS NOT NECESSARY NOW.CONFIDENT ECB WILL ALLOW DIVIDEND DISTRIBUTION AT SOME POINT, IT IS A MATTER OF WHEN NOT IF.COST OF RISK FOR SPECIFIC PROVISIONS THIS YEAR 40-50 BPS, COST OF RISK FROM OVERLAY PROVISIONS 50-60 BPS AND 10 BPS TO ANTICIPATE REGULATORY HEADWINDS, FOR A TOTAL OF 100-120 BPS.  Full Article

Sanlorenzo And Its Unit Obtain Credit Line For EUR 20 Mln
Tuesday, 3 Nov 2020 

Nov 3 (Reuters) - UniCredit SpA Sanlorenzo SpA ::CREDIT LINE FROM UNICREDIT FACTORING OF A TOTAL OF €20 MILLION FOR SANLORENZO AND THE SUBSIDIARY BLUEGAME.  Full Article

UniCredit names former Economy Minister Padoan as chairman-designate
Tuesday, 13 Oct 2020 

Oct 13 (Reuters) - UniCredit says: :FORMER ITALIAN ECONOMY MINISTER PIER CARLO PADOAN NAMED NON-EXECUTIVE DIRECTOR, TO BE NAMED CHAIRMAN.PADOAN WILL SERVE AS BOARD MEMBER UNTIL AGM APPROVES 2020 RESULTS AND NAMES NEW BOARD.PADOAN WILL PLAY ACTIVE ROLE IN SELECTING POTENTIAL MEMBERS FOR RENEWAL OF BOARD.PADOAN TO STEP DOWN FROM ROLE AS ITALIAN MP.  Full Article

UniCredit CEO Says Currently Not Focusing On Mergers
Thursday, 1 Oct 2020 

Oct 1 (Reuters) - UniCredit SpA CEO::WE'RE CURRENTLY NOT FOCUSING ON MERGERS.WE'RE FOCUSING ON OUR OWN TRANSFORMATION, AIM TO BUY BACK SHARES IF ECB ALLOWS.  Full Article

Unicredit Issues Callable Senior Non-Preferred Benchmark Bond For USD 1 Billion
Wednesday, 16 Sep 2020 

Sept 16 (Reuters) - UniCredit SpA ::ISSUES CALLABLE SENIOR NON-PREFERRED BENCHMARK BOND FOR USD 1 BILLION.BOND PAYS USD FIXED RATE COUPONS OF 2.569% PER CENT PER ANNUM FOR INITIAL 5 YEARS ON A SEMI-ANNUAL BASIS.  Full Article

Unicredit CEO rules out boosting Italy market share through M&A
Thursday, 6 Aug 2020 

Aug 6 (Reuters) - UniCredit CEO Jean Pierre Mustier tells analyst call: :NO NEED TO BOOST DOMESTIC MARKET SHARE THROUGH CONSOLIDATION, MERGERS BRING MORE BRANCHES AND MORE NON-PERFORMING EXPOSURES WHICH WE'RE BOTH TRYING TO REDUCE."NOTHING SPECIFIC TO SAY" WHEN ASKED ABOUT PROGRESS OF PLAN TO CREATE SUB-HOLDING COMPANY FOR BANK'S INTERNATIONAL BUSINESS.  Full Article

UniCredit sees 75 mln euro NII yearly boost from TLTRO funds
Thursday, 6 Aug 2020 

Aug 6 (Reuters) - UniCredit CFO Mirko Bianchi tells analyst call: :INCREMENTAL BOOST TO NII FROM ECB'S TLTRO FUNDS SEEN AT AROUND 75 MILLION EUROS PER ANNUM OVER THREE-YEAR PERIOD OF TLTRO-3.BANK CURRENTLY WORKING TO SELL IMPAIRED LOAN PORTFOLIOS, INCLUDING UNLIKELY-TO-PAY, WILL MEET NON-CORE RUNDOWN TARGETS.SAYS BANK READY FOR ADDITIONAL 2021 PRE-FUNDING DEPENDING ON MARKET CONDITIONS.  Full Article

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Breakingviews - Cox: Mediobanca could be UniCredit’s white knight

ZURICH (Reuters Breakingviews) - Enrico Cuccia founded Mediobanca after World War Two as a bulwark for Italian capitalism against the confiscatory hands of an increasingly meddlesome government. Rome once again appears to be in an interventionist mood. The boardroom ouster of the French boss of UniCredit has scared investors in the country’s second-largest lender. If only Cuccia, who died in 2000, could be reincarnated.