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UniCredit SpA (CRDI.MI)

CRDI.MI on Milan Stock Exchange

2.07EUR
11:39am EDT
Change (% chg)

€0.04 (+1.77%)
Prev Close
€2.04
Open
€1.97
Day's High
€2.07
Day's Low
€1.93
Volume
155,840,155
Avg. Vol
120,602,001
52-wk High
€6.16
52-wk Low
€1.70

Latest Key Developments (Source: Significant Developments)

Italian banks rise in early trade, index up 2 pct
Thursday, 4 Aug 2016 03:00am EDT 

Italian banks: UniCredit shares rise more than 3 percent in early trade . Banco Popolare up 2.4 percent, UBI Banca up 2 percent, Monte dei Paschi di Siena up 1.2 percent . Italy's banking index up 2 percent Further company coverage: [CRDI.MI] [BAPO.MI] [UBI.MI] [BMPS.MI] (Reporting by Milan newsroom).  Full Article

UniCredit assessing all options for Pekao, no decision taken
Wednesday, 3 Aug 2016 09:24am EDT 

Unicredit CEO Jean-Pierre Mustier tells analysts in a post-results call: the lender is assessing all options for Polish unit Pekao, no decision has been taken Further company coverage: [CRDI.MI] [PEO.WA] (Reporting by Milan newsroom).  Full Article

UniCredit CEO does not see major changes in SREP capital requirement
Wednesday, 3 Aug 2016 09:20am EDT 

UniCredit CEO Jean-Pierre Mustier tells analyst call: he does not expect new SREP capital requirements from the European Central Bank to show major changes for group . he is quite comfortable with what he thinks will be the new SREP requirement . expects new SREP requirement to be known next month Further company coverage: [CRDI.MI] (Reporting by Milan newsroom).  Full Article

UniCredit has adequate problem loan coverage levels - CEO
Wednesday, 3 Aug 2016 09:05am EDT 

UniCredit CEO Jean-Pierre Mustier tells analyst call: Feels bank has adequate coverage levels for non-performing loans and unlikely-to-pay loans Further company coverage: [CRDI.MI] (Reporting by Milan Newsroom).  Full Article

UniCredit exec says no concerns over Yapi Kredi's capital this yr
Wednesday, 3 Aug 2016 09:00am EDT 

UniCredit head of Strategy and M&A Marina Natale tells analyst call: Not concerned about capital position of Turkish unit from now to year-end Further company coverage: [CRDI.MI] (Reporting by Milan Newsroom).  Full Article

Unicredit to announce strategic review's outcome by yr-end
Wednesday, 3 Aug 2016 08:57am EDT 

Unicredit Chief Executive Jean-Pierre Mustier tells analyst call: the world has not changed for the bank since Friday, management working on capital optimisation actions, cost cuts and efficiency . to announce outcome of strategic review before year-end at investor day to be held in London Further company coverage: [CRDI.MI] (Reporting by Milan Newsroom).  Full Article

UniCredit shares fall more than 4 pct on capital worries
Wednesday, 3 Aug 2016 08:15am EDT 

UniCredit: Shares in the Italian lender fall more than 4 percent . Sources told Reuters on Wednesday the bank was looking at ways to plug a capital shortfall of 7-8 billion euros, including possible asset sales to reduce the size of a capital increase [nL8N1AK4EY] . Earlier in the session, Italy's biggest bank by assets posted a surprise fall in its core capital in the second quarter, sending its shares sharply lower.[nI6N1AD01Q] Further company coverage: [CRDI.MI] (Reporting by Milan newsroom).  Full Article

Unicredit sells card processing business to SIA
Wednesday, 3 Aug 2016 07:31am EDT 

Italian bank UniCredit says: Has signed agreement with SIA to sell group's card processing activities in Italy, Germany and Austria for 500 million euros cash . Sale to generate net capital gain of 440 million euros in 2016 with fully loaded CET 1 ratio positive impact of 12 basis points . Closing of transaction expected by end-2016 . Sale underpins UniCredit's commitment to seize opportunities in line with a renewed focus on strictly disciplined capital management and capital optimisation actions . UniCredit entered 10-year contract with SIA outsourcing card processing services Further company coverage: [CRDI.MI] (Reporting by Milan Newsroom).  Full Article

Unicredit raises coverage of past-due, unlikely-to-pay loans
Wednesday, 3 Aug 2016 07:30am EDT 

Italy's Unicredit says in a slide: Coverage ratio of unlikely-to-pay loans and past-due loans at 34.2 percent at end-June from 33.4 percent end-March . Level compares with 40 percent coverage ratio target under Monte dei Paschi's latest rescue plan and 27 percent average for Italian banks based on Bank of Italy data Further company coverage: [CRDI.MI] (Reporting by Milan newsroom).  Full Article

Poland's Pekao may attract foreign interest -ING Polish unit head
Wednesday, 3 Aug 2016 07:10am EDT 

ING Bank Slaski SA : The chief executive of the Polish unit of ING , ING Bank Slaski , told reporters on Wednesday that if Bank Pekao is put up for sale by its Italian owner Unicredit , it may attract interest from foreign banks. . "There is demand to enter markets such as Poland, because Poland still looks very attractive. One just has to look at indicators," ING Bank Slaski CEO Brunon Bartkiewicz said. . "Pekao is too big for funds, or investors from outside the (banking) sector ... but for a large banking group which would like to expand its activities in this part of Europe it (Pekao) could be an attractive buy," Bartkiewicz said. . UniCredit is considering selling its entire stake in Bank Pekao, Bloomberg reported in July, citing people familiar with the matter. [nL8N1AD1V2] Further company coverage: [INGP.WA] [PEO.WA] (Reporting by Marcin Goclowski; Writing by Marcin Goettig; Editing by Adrian Croft) ((marcin.goettig@thomsonreuters.com;)).  Full Article

Fitch Rates UniCredit Bulbank 'BBB'; Outlook Negative

(The following statement was released by the rating agency) WARSAW/LONDON, September 26 (Fitch) Fitch Ratings has assigned UniCredit Bulbank AD (Bulbank) a Long-Term Issuer Default Rating (IDR) of 'BBB', a Support Rating (SR) of '2' and a Viability Rating (VR) of 'bb'. The Long-Term IDR is on Negative Outlook. A full list of rating actions is available at the end of this rating action commentary. KEY RATING DRIVERS IDRS and SR Bulbank's IDRs and SR reflect a high probability of extraordinar