THE UNICREDIT GROUP IN 2009: BALANCE SHEET AND CAPITAL STRUCTURE STRENGTHENED, CONSTANT IMPROVEMENT IN COSTS; NET PROFIT OF €1,702 MILLION
FULL YEAR 2009:
* The Group’s portion of net profit €1,702 million
* Operating income €27,572 million, +2.6% YoY
* Operating profit €12,248 million, +20.3% YoY
* Balance sheet strengthened: total assets, trading and net interbank exposure reduced, leverage ratio improved
* Capital strengthened: Core Tier 1 ratio reaches 7.62%, +104 bp with respect to December 2008 post CASHES. Pro – forma the capital increase successfully completed in February 2010: Core Tier 1 ratio 8.47%
* Constant improvement in operating costs: -8.2% YoY; Cost/income ratio of 55.6%
* 2009 cash dividend of €0.03 per share
FOURTH QUARTER 2009:
* The Group’s portion of net profit €371 million, versus €394 million in 3Q09
* Operating income €6,443 million; quarterly trend shows growth in net commissions and, in line with the sector trend, a drop in net trading, hedging and fair value income
* Operating costs €3,803 million, dropping further QoQ
* Loan loss provisions €2,068 million, with the cost of risk dropping for the second quarter in a row to 146 bp
* Operating profit €2,640 million, down due to a drop in net trading, hedging and fair value income with respect to 3Q09
* 21 bp of the Core Tier 1 ratio generated in the quarter; up 7 bp including the effect of the dividend, booked entirely in the fourth quarter
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