OREANDA-NEWS. UniCredit group net profit as of the end of 2014 amounts to EUR 2 bn according to preliminary results without audit. It is stated by the group’s press office.

“In 2014, despite the extremely difficult economic context, we maintained our commitment to deliver a net profit of €2 bn. We have successfully completed the turnaround in Italy and we have been supporting the economies in all countries where the Group is present,- UniCredit CEO Federico Ghizzoni said.- We considerably increased our lending to households and managed savings as well as supporting our corporate clients and their expansion in international markets. We are one of the most solid European commercial banks and the ongoing progress of our Strategic Plan is bearing its fruits. We confirm our strategic guidelines in a macroeconomic environment which is showing some first positive signs on the wave of the announcement of ECB actions”.

UniCredit group profit in 4Q 2014 amounted to EUR 170.4 mln.

Its revenues in 2014 constitute EUR 22,5 bn, while the total costs are EUR 13.8 bn with a cost to income ratio of 61,5%. The group’s total assets form EUR 844.2 bn.