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UniCredit SpA

UniCredit SpA's net profit fell 243% yoy to EUR -1,338 mil in 4Q2019

By Helgi Library - February 19, 2020

UniCredit SpA made a net profit of EUR -1,338 mil under revenues of EUR 4,999 mil in the fourth quarter of 2019, down 243% and ...

UniCredit SpA's net profit fell 243% yoy to EUR -1,338 mil in 4Q2019

By Helgi Library - February 19, 2020

UniCredit SpA made a net profit of EUR -1,338 mil under revenues of EUR 4,999 mil in the fourth quarter of 2019, down 243% and ...

UniCredit SpA's npls (as % of loans) fell 29.8% yoy to 5.04% in 4Q2019

By Helgi Library - February 19, 2020

UniCredit SpA's non-performing loans reached 5.04% of total loans at the end of 2019-12-31, down from 7.19% compared to the previ...

Profit Statement 2017 2018 2019
Net Interest Income EUR mil 10,613 11,266 10,840
Net Fee Income EUR mil 6,392 6,870 ...
Other Income EUR mil 3,204 3,384 ...
Total Revenues EUR mil 20,209 21,521 19,430
Staff Cost EUR mil 6,930 6,437 6,146
Operating Profit EUR mil 3,851 8,440 7,668
Provisions EUR mil 2,091 2,662 3,382
Net Profit EUR mil 1,075 3,686 684
Balance Sheet 2017 2018 2019
Interbank Loans EUR mil 75,133 76,302 97,888
Customer Loans EUR mil 447,727 505,668 482,574
Total Assets EUR mil 836,790 831,469 855,647
Shareholders' Equity EUR mil 60,225 56,768 61,785
Interbank Borrowing EUR mil 228,132 225,970 177,046
Customer Deposits EUR mil 413,791 422,024 470,570
Issued Debt Securities EUR mil 98,603 81,153 96,301
Ratios 2017 2018 2019
ROE % 2.08 6.30 1.15
ROA % 0.890 1.77 1.55
Costs (As % Of Assets) % 3.78 2.74 2.38
Costs (As % Of Income) % 80.9 60.8 60.5
Capital Adequacy Ratio % 18.1 15.8 17.7
Net Interest Margin % 1.25 1.35 1.29
Loans (As % Of Deposits) % 108 120 103
NPLs (As % Of Loans) % 9.58 7.19 5.04
Provisions (As % Of NPLs) % 64.0 67.6 75.3
Valuation 2017 2018 2019
Price/Earnings (P/E) 29.2 5.98 42.5
Price/Book Value (P/BV) 0.507 0.389 0.471
Dividend Yield % 2.05 2.73 4.84
Earnings Per Share (EPS) EUR 0.533 1.65 0.306
Book Value Per Share EUR 30.8 25.5 27.7
Dividend Per Share EUR 0.320 0.270 0.630

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summary Unit 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                                
Net Interest Income EUR mil                                                   12,179 12,464 11,068 10,712 10,613    
Total Revenues EUR mil                                                   25,884 23,788 20,239 19,224 20,209    
Operating Profit EUR mil                                                   7,536 8,723 5,110 17,450 3,851    
Net Profit EUR mil                                                   -4,668 2,339 724 185 1,075    
balance sheet                                                                
Interbank Loans EUR mil                                                   95,651 96,340 116,980 112,001 75,133    
Customer Loans EUR mil                                                   451,343 442,959 417,793 417,868 447,727    
Debt Securities EUR mil                                                   150,848 168,915 173,472 175,575 168,218    
Total Assets EUR mil                                                   825,919 844,217 860,433 859,533 836,790    
Shareholders' Equity EUR mil                                                   50,056 52,836 53,486 43,188 60,225    
Interbank Borrowing EUR mil                                                   166,872 170,665 182,938 184,892 228,132    
Customer Deposits EUR mil                                                   349,319 360,981 369,056 396,034 413,791    
Issued Debt Securities EUR mil                                                   164,266 150,276 133,797 115,436 98,603    
ratios                                                                
ROE % ...                                                 -8.01 4.55 1.36 0.382 2.08    
ROA % ...                                                 1.56 1.95 1.19 4.18 0.890    
Costs (As % Of Assets) % ...                                                 3.80 3.37 3.52 0.424 3.78    
Costs (As % Of Income) %                                                   70.9 63.3 74.8 9.22 80.9    
Capital Adequacy Ratio % ... ... ... ... ...                                         13.6 13.6 14.2 11.7 18.1    
Net Interest Margin % ...                                                 1.39 1.49 1.30 1.25 1.25    
Interest Income (As % Of Revenues) %                                                   47.1 52.4 54.7 55.7 52.5    
Fee Income (As % Of Revenues) % ... ... ... ... ...                                         27.9 31.5 27.1 29.1 31.6   ...
Staff Cost (As % Of Total Cost) %                                                   49.1 54.5 51.6 525 42.4    
Equity (As % Of Assets) %                                                   11.1 11.9 12.8 10.3 13.5    
Loans (As % Of Deposits) %                                                   129 123 113 106 108    
Loans (As % Assets) %                                                   54.6 52.5 48.6 48.6 53.5    
NPLs (As % Of Loans) %           ... ...                                     16.4 17.2 17.4 12.5 9.58    
Provisions (As % Of NPLs) %           ... ...                                     57.1 54.4 52.6 59.5 64.0    
valuation                                                                
Market Capitalisation (End Of Period) USD mil                                                   42,965 37,865 33,309 17,821 41,688    
Number Of Shares (Average) mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   1,142 1,147 1,168 1,200 1,958    
Share Price (End Of Period) EUR                                                   27.0 26.7 25.7 13.7 15.6    
Earnings Per Share (EPS) EUR ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   -4.11 2.01 0.532 0.154 0.533    
Book Value Per Share EUR ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   43.8 46.1 45.8 36.0 30.8    
Dividend Per Share EUR ... ... ... ... ... ... ... ... ... ...   ... ...                         0.501 0.601 0.601 0 0.320    
Price/Earnings (P/E) ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   ... 13.3 48.3 89.1 29.2    
Price/Book Value (P/BV) ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.615 0.580 0.562 0.381 0.507    
Dividend Yield % ... ... ... ... ... ... ... ... ... ...   ... ...                         1.86 2.25 2.34 0 2.05    
Earnings Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -475 -149 -73.5 -71.1 247    
Book Value Per Share Growth % ...                                                 -29.1 5.06 -0.558 -21.4 -14.5    
income statement Unit 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
income statement                                                                
Interest Income EUR mil                                                   22,908 22,144 18,622 16,370 15,075   ...
Interest Cost EUR mil                                                   10,729 9,680 7,554 5,658 4,462   ...
Net Interest Income EUR mil                                                   12,179 12,464 11,068 10,712 10,613    
Net Fee Income EUR mil ... ... ... ... ...                                         7,226 7,485 5,488 5,585 6,392   ...
Other Income EUR mil ... ... ... ... ...                                         6,480 3,839 3,683 2,926 3,204   ...
Total Revenues EUR mil                                                   25,884 23,788 20,239 19,224 20,209    
Staff Cost EUR mil                                                   9,005 8,204 7,812 9,315 6,930    
Depreciation EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 ... ... 686 665 698 760   ...
Other Cost EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 ... ... 6,176 6,652 -8,240 8,668   ...
Operating Cost EUR mil                                                   18,348 15,065 15,128 1,773 16,358    
Operating Profit EUR mil                                                   7,536 8,723 5,110 17,450 3,851    
Provisions EUR mil                                                   13,622 4,178 3,964 11,966 2,091    
Extra and Other Cost EUR mil                                                   344 563 61.9 -1,532 448    
Pre-Tax Profit EUR mil                                                   -6,430 3,981 1,084 7,016 1,313    
Tax EUR mil                                                   -2,143 1,262 8.32 6,368 -75.3    
Minorities EUR mil                                                   382 380 352 464 313    
Net Profit EUR mil                                                   -4,668 2,339 724 185 1,075    
Dividends EUR mil                                                   579 704 716 0 712    
growth rates                                                                
Net Interest Income Growth % ...                                                 -11.1 2.35 -11.2 -3.21 -0.928    
Net Fee Income Growth % ... ... ... ... ... ...                                       -5.22 3.59 -26.7 1.76 14.5   ...
Total Revenue Growth % ...                                                 0.121 -8.10 -14.9 -5.02 5.13    
Operating Cost Growth % ...                                                 16.3 -17.9 0.418 -88.3 822    
Operating Profit Growth % ...                                                 -25.2 15.7 -41.4 241 -77.9    
Pre-Tax Profit Growth % ...                                                 9,996 -162 -72.8 547 -81.3    
Net Profit Growth % ...                                                 -479 -150 -69.0 -74.5 483    
balance sheet Unit 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
balance sheet                                                                
Cash EUR mil                                                   10,520 8,051 9,611 13,858 64,493    
Interbank Loans EUR mil                                                   95,651 96,340 116,980 112,001 75,133    
Customer Loans EUR mil                                                   451,343 442,959 417,793 417,868 447,727    
Debt Securities EUR mil                                                   150,848 168,915 173,472 175,575 168,218    
Fixed Assets EUR mil                                                   10,818 10,277 7,159 7,032 8,449    
Intangible Assets EUR mil ... ... ... ... ... ... ... ...                                   5,327 5,562 3,652 3,191 3,385    
Goodwill EUR mil ... ... ... ... ... ... ... ... ... ... ...                             3,533 3,562 1,744 1,484 1,484    
Total Assets EUR mil                                                   825,919 844,217 860,433 859,533 836,790    
Shareholders' Equity EUR mil                                                   50,056 52,836 53,486 43,188 60,225    
Of Which Minority Interest EUR mil                                                   3,334 3,446 3,399 3,853 894    
Liabilities EUR mil                                                   775,863 791,382 806,948 816,344 776,565    
Interbank Borrowing EUR mil                                                   166,872 170,665 182,938 184,892 228,132    
Customer Deposits EUR mil                                                   349,319 360,981 369,056 396,034 413,791    
Sight Deposits EUR mil                                                   241,473 258,307 280,696 311,518 329,267   ...
Term Deposits EUR mil                                 ...                 94,670 89,761 73,250 67,168 67,829   ...
Issued Debt Securities EUR mil                                                   164,266 150,276 133,797 115,436 98,603    
Subordinated Debt EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ...       ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...
Other Liabilities EUR mil                                                   95,406 109,460 121,157 119,983 36,039    
asset quality                                                                
Non-Performing Loans EUR mil           ... ...                                     81,911 84,079 80,005 56,342 45,712    
Gross Loans EUR mil                                                   498,115 488,732 459,887 451,407 476,979    
Total Provisions EUR mil             ...                                     46,772 45,773 42,094 33,538 29,252    
growth rates                                                                
Customer Loan Growth % ...                                                 -12.4 -1.86 -5.68 0.018 7.15    
Total Asset Growth % ...                                                 -10.9 2.22 1.92 -0.105 -2.65    
Shareholders' Equity Growth % ...                                                 -24.7 5.55 1.23 -19.3 39.4    
Customer Deposit Growth % ...                                                 -5.20 3.34 2.24 7.31 4.48    
ratios Unit 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
ratios                                                                
ROE % ...                                                 -8.01 4.55 1.36 0.382 2.08    
ROA % ...                                                 1.56 1.95 1.19 4.18 0.890    
Costs (As % Of Assets) % ...                                                 3.80 3.37 3.52 0.424 3.78    
Costs (As % Of Income) %                                                   70.9 63.3 74.8 9.22 80.9    
Capital Adequacy Ratio % ... ... ... ... ...                                         13.6 13.6 14.2 11.7 18.1    
Tier 1 Ratio % ... ... ... ... ...                                         10.1 11.3 11.5 9.04 15.4    
Net Interest Margin % ...                                                 1.39 1.49 1.30 1.25 1.25    
Interest Spread % ...                                                 1.30 1.42 1.24 1.21 1.22   ...
Asset Yield % ...                                                 2.61 2.65 2.18 1.90 1.78    
Cost Of Liabilities % ...                                                 1.31 1.24 0.945 0.697 0.560   ...
Payout Ratio %                                                   -12.4 30.1 98.9 0 66.2    
Interest Income (As % Of Revenues) %                                                   47.1 52.4 54.7 55.7 52.5    
Fee Income (As % Of Revenues) % ... ... ... ... ...                                         27.9 31.5 27.1 29.1 31.6   ...
Other Income (As % Of Revenues) % ... ... ... ... ...                                         25.0 16.1 18.2 15.2 15.9   ...
Cost Per Employee USD per month                                                   6,804 6,140 5,945 7,073 6,249    
Cost Per Employee (Local Currency) EUR per month                                                   5,125 4,763 5,187 6,598 5,565    
Staff Cost (As % Of Total Cost) %                                                   49.1 54.5 51.6 525 42.4    
Equity (As % Of Assets) %                                                   11.1 11.9 12.8 10.3 13.5    
Loans (As % Of Deposits) %                                                   129 123 113 106 108    
Loans (As % Assets) %                                                   54.6 52.5 48.6 48.6 53.5    
NPLs (As % Of Loans) %           ... ...                                     16.4 17.2 17.4 12.5 9.58    
Provisions (As % Of NPLs) %           ... ...                                     57.1 54.4 52.6 59.5 64.0    
Provisions (As % Of Loans) %             ...                                     10.4 10.3 10.1 8.03 6.53    
Cost of Provisions (As % Of Loans) % ...                                                 2.82 0.934 0.921 2.86 0.483    
other data Unit 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019
other data                                                                
Branches ... ... ... ... ... ... ... ... ... ... ...                             8,954 7,516 6,934 6,221 4,030    
Employees                                                   146,421 143,520 125,510 117,659 103,771    
Sight (As % Of Customer Deposits) %                                                   69.1 71.6 76.1 78.7 79.6   ...
Risk-Weighted Assets EUR mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   423,739 409,223 390,599 387,136 356,100    
Return on Loans %                                                   -0.966 0.523 0.168 0.044 0.248    
Operating Profit (As % of Loans) % ...                                                 1.56 1.95 1.19 4.18 0.890    
Costs (As % Of Loans) % ...                                                 3.80 3.37 3.52 0.424 3.78    
Equity (As % Of Loans) %                                                   11.1 11.9 12.8 10.3 13.5    

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UniCredit SpA's npls (as % of loans) fell 29.8% yoy to 5.04% in 4Q2019

By Helgi Library - February 19, 2020

UniCredit SpA's non-performing loans reached 5.04% of total loans at the end of 2019-12-31, down from 7.19% compared to the previous year. Historically, the NPL ratio hit an all time high of 17.5% in 2015-03-31 and an all time low of 1.68% in 2000-12-31. Pr...

UniCredit SpA's capital adequacy ratio rose 12.0% yoy to 17.7% in 4Q2019

By Helgi Library - February 19, 2020

UniCredit SpA's capital adequacy ratio reached 17.7% at the end of fourth quarter of 2019, up from 17.1% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 18.2% in 3Q2017 and an all time low of 8.67% in 4Q2000. ...

UniCredit SpA's capital adequacy ratio rose 12.0% yoy to 17.7% in 4Q2019

By Helgi Library - February 19, 2020

UniCredit SpA's capital adequacy ratio reached 17.7% at the end of fourth quarter of 2019, up from 17.1% when compared to the previous quarter. Historically, the bank’s capital ratio hit an all time high of 18.2% in 3Q2017 and an all time low of 8.67% in 4Q2000. ...

UniCredit SpA's employees fell 13.8% yoy to 84,245 in 4Q2019

By Helgi Library - February 19, 2020

UniCredit SpA employed 84,245 persons in 2019-12-31, down 0.481% when compared to the previous year. Historically, the bank's workforce hit an all time high of 177,571 persons in 2008-06-30 and an all time low of 61,271 in 2000-09-30. Average cost reached USD 6,77...

UniCredit SpA's price/earnings (P/E) fell 192% yoy to -5.43 in 4Q2019

By Helgi Library - February 19, 2020

UniCredit SpA stock traded at EUR 13.0 per share at the end fourth quarter of 2019 implying a market capitalization of USD 32,653 mil. Since the end of 4Q2014, the stock has depreciated by -51.3 % implying an annual average growth of -13.4 %. In absolute terms, the va...

UniCredit SpA's price/earnings (P/E) fell 192% yoy to -5.43 in 4Q2019

By Helgi Library - February 19, 2020

UniCredit SpA stock traded at EUR 13.0 per share at the end fourth quarter of 2019 implying a market capitalization of USD 32,653 mil. Since the end of 4Q2014, the stock has depreciated by -51.3 % implying an annual average growth of -13.4 %. In absolute terms, the va...

UniCredit SpA's employees fell 13.8% yoy to 84,245 in 4Q2019

By Helgi Library - February 19, 2020

UniCredit SpA employed 84,245 persons in 2019-12-31, down 0.481% when compared to the previous year. Historically, the bank's workforce hit an all time high of 177,571 persons in 2008-06-30 and an all time low of 61,271 in 2000-09-30. Average cost reached USD 6,77...

UniCredit SpA's market capitalisation (end of period) rose 23.9% to USD 32,653 mil in 4Q2019

By Helgi Library - February 19, 2020

UniCredit SpA stock traded at EUR 13.0 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 32,653 mil. Over the last five years, the stock has depreciated by 51.3 implying an annual average growth of -13.4% In absolute t...

UniCredit SpA's market capitalisation (end of period) rose 23.9% to USD 32,653 mil in 4Q2019

By Helgi Library - February 19, 2020

UniCredit SpA stock traded at EUR 13.0 per share at the end of fourth quarter of 2019 implying a market capitalization of USD 32,653 mil. Over the last five years, the stock has depreciated by 51.3 implying an annual average growth of -13.4% In absolute t...

UniCredit SpA's equity (as % of assets) rose 5.76% yoy to 7.22% in 4Q2019

By Helgi Library - February 19, 2020

UniCredit SpA's Equity reached of total assets in the 4Q2019, up from 11.8% for the previous year. As a share of net customer loans, the ratio amounted to at the end of the fourth quarter of 2019. ...

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