2024 ANNUAL REPORT AND ACCOUNTS

Setting the benchmark
for excellence

Welcome to our 2024 UniCredit Annual Report and Accounts

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Our Vision is to be the Bank for Europe’s Future

We empower communities to progress, delivering the best‑in‑class solutions and services for all stakeholders, unlocking the potential of our clients and our people across Europe.

UniCredit is setting a new benchmark for banking, driving key milestones in our strategic focus areas, including Sustainability.

View our Strategy

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Watch our 2024 Annual Report and Accounts video

"When we launched UniCredit Unlocked we were stepping into a new era for the Bank. I believe that we are doing it again and in doing so we will improve even further."

Andrea Orcel

Chief Executive Officer, UniCredit S.p.A.

Read CEO's Letter

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"UniCredit continues to prove itself as an exemplary European business; the type our continent needs."

Pietro Carlo Padoan

Chairman, UniCredit S.p.A.

Read Chairman's Letter

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At a glance

Leading the way in European banking

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Explore our financial performance

Best-in-class profitability, RoTE

%

RoTE 20.9% based on 13% CET1r.

FY24 increased distributions*

>€26bn total distributions FY21-24

€
bn

*Of the cash dividend (€3.73bn), €1.44bn already paid as interim. Of the SBB (€5.27bn), €1.7bn already completed, the balance to be completed pending supervisory and shareholder approval at AGM and expected to be commenced post completion of BPM offer.

Record bottom-line

Stated Net Profit +2.2% FY/FY €9.3bn Net Profit €10.3bn underlying**

€
bn

** Net Profit net of integration costs and RusChemAlliance (RCA) full coverage.

Our focus areas

Empowerment and trust

13 Banks empowered by clear Principles and Values, cascading Group Strategy. Investing, trusting and empowering our People with clear Principles and Values.

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Simplification and streamlining

Leaner and delayered organisation, with decisions closer to the Clients where it matters. Simplified and harmonised processes.

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Leveraging common strengths

One Vision, One Culture, One Strategy. Product factories, procurement and technology under common denominator leveraging scale and scope.

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January

2024

December

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Milestones this year

Delivering excellence in 2024

Explore our remarkable year of achievements

Mar
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UniCredit launches My Advisory

Making our expertise easier to access for wealth management and private banking clients.

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Mar
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New Employer Value Proposition

Unlocking a Better Tomorrow for colleagues, clients and communities.

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May
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Statement on Natural Capital and Biodiversity

UniCredit’s first comprehensive framework to link biodiversity and climate.

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Aug
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Launch of UniCredit for CEE

Helping micro and small enterprises to grow.

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Explore all our Achievements