With a decent loan book in Central Europe, UniCredit can pivot to improve its returns.
UniCredit's transformation is taking shape as the group finalized its EUR 13 billion rights issue to regain a manageable capital position after taking a heavy hit in provisions and write-offs in the previous quarter. The fully loaded common equity Tier 1 ratio stands at 11.5% after the rights issue, which excludes asset disposals of Pioneer and Bank Pekao. Now, UniCredit looks ahead toward the task of reorganizing the group's asset quality and cost structure, which showed improvements in this qu...Unicredit is a pan-European commercial banking group based in Italy. Co. is engaged in the provision of in-branch and online corporate and investment banking services, providing customers with access to banks in 14 core markets as well as to an another 18 countries worldwide. Co.'s operations are organized along six business lines: Commercial Banking Italy; CEE Division; CIB; Commercial Banking Germany; Commercial Banking Austria; and Asset Gathering. Co.'s European banking network includes Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Slovakia, Slovenia, Serbia and Turkey.
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