Economy

Unicredit: Ready against shocks and integrations only if conditions – Ultima Ora

(ANSA) – ROME, Sept. 21 – Unicredit is ready to absorb the upcoming economic shocks, given that it is entering “from a very strong position”. This was stated by Andrea Orsel, CEO of Unicredit in Rome to offer “Education for All”. “We have the highest capital in the sector, we are generating capital, we have reduced bad debt and we have more ‘counter-cyclical’ reserves.

The increase in rates also increases revenues and this will help “absorb bad debts which will undoubtedly increase”. On the subject of mergers “if we have opportunities” and “appropriate conditions in a country” we will conduct mergers and mergers “but this does not mean that tomorrow morning I announce an operation: if I “say anything” the CEO of the bank or company will say.” Since I’ve been here, we’ve always acted in a linear way.” Going back to the failure to integrate with MPS, Orcel explained how he “shared the standards we had for the process with the government. the other party.” (Dealing).

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