Unicredit: “Even without melting with BancoBPM, synergies for 1 billion” | EUROtoday

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If Unicredit acquired a proportion of Banco BPM with out with the ability to proceed with the merger, the financial institution led by Andrea Orcel estimates that value and income synergies offered might nonetheless be made, “for a total value of about 1 billion euros on the taxes imposed, of which about 300 million in revenue synergies and about 700 million in cost synergies”. This is said within the data doc for the meeting of March 27 made accessible to the members for the primary level on the agenda of the extraordinary half referring to the capital improve on the service of the OPS on Banco BPM. In the doc it’s confirmed that if the merger was merged, the income synergies could be 300 million and from value to 900 million.

Aimed for purchasing

Meanwhile, Unicredit obtained the approvals from all of the competent authorities, has acquired your entire share capital of the Belgian Aion Bank and the Polish Vodeno for a complete consideration of 376 million euros. The operation, UNICREDIT underlines, marks an acceleration of the financial institution’s exercise in Digital Banking, “representing one of the first moves by a bank in the acquisition of the full ownership of a new technology (without any dependence on third party suppliers): this guarantees a strong differentiation compared to the pure technology suppliers, the neo -even and traditional operators in the digital transformation phase. Unicredit now has access to an innovative, scalable and flexible cloud-based platform, based on API connectivity and with incorporated smart contract technology, all integrated with the bank’s processes and procedures ».

The initial projects consist, among other things, in returning to the Polish market, in expansion in the adjacent countries of Western Europe and in the offer of embedded finance solutions.

Investments

Unicredit plans to invest gradually up to 200 million euros, with a payback of less than two years, with the ambition to add 2.5 million customers, reaching a roac greater than 25% and a cost/revenue ratio of 34% within three years, all with a significant impact on the group net profit – as presented with the 2024 year -end results.

“Our dedication to continually present the very best returns available on the market and sustainable distributions over time is completely balanced with the dedication to speculate sooner or later,” commented Andrea Orcel, CEO of Unicredit. “In this context, Aion Bank/Vodeno represents an funding each to enhance our technological potential – by the acquisition of a examined crew, which has developed one of the vital trendy and versatile banking methods in circulation – and for our enterprise, permitting us to develop considerably by the entry into new markets, sectors and buyer segments. This is the demonstration of the outcomes made attainable by our strategic plan and of all of the successes that we are able to obtain sooner or later, ranging from the good worth already generated by this funding “.