UniCredit Nears Commerzbank Takeover, Posts Record Half-Year Profit

UniCredit is reportedly close to acquiring Commerzbank, with plans for full control by Q4 2026, and has posted a record half-year profit of €6.3 billion. The bank also raised its profit targets, signaling strong financial performance amidst its acquisition ambitions.

23 Jul, 10:36 — 23 Jul, 10:36

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ANSAMostly Factual3d ago

UniCredit posts record half-year profit of €6.3 billion

(ANSA) - ROME, JUL 23 - Italy's second-biggest bank UniCredit said Thursday that it made a net profit of 6.3 billion in the January-June period, the largest first-half profit in is history. It said profit amounted to 2.9 billion euros in the second quarter, beating estimates. As a result, the bank said it expected to make a profit "well above 11 billion euros" this year, having previously set its guidance close to this figure. Speaking to Class CNBC, CEO Andrea Orcel denied being in negotiati...

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