UniCredit plans €8.6B shareholder return in 2023 due to increased Q4 net profit, subject to regulatory approvals.

UniCredit, an Italian bank, plans to return €8.6 billion to shareholders in 2023, following a significant increase in its fourth-quarter net profit. The payout, which includes share buybacks and dividends, is subject to regulatory approvals. UniCredit's net income for the October-December period was more than double the analyst consensus forecast, with revenues also exceeding expectations. The bank's strong performance can be attributed to higher interest rates and a 90% payout policy, which will be implemented starting in 2023.

February 05, 2024
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