UniCredit has upgraded its full-year profit guidance, projecting net income to exceed €11 billion.
The Italian banking group’s revised outlook reflects growing confidence that its long-running bid for Commerzbank is on track to close, alongside robust results from its Austrian subsidiary.
59%, driven by a fresh wave of share acquisitions under its ongoing takeover offer.
The lender’s Austrian arm, Bank Austria, reported a 9.3% increase in net profit for the first half of the year, reaching €739 million.
This operational strength provides a solid foundation for the group’s broader financial targets as it integrates its expanding European footprint.
UniCredit’s stake in Commerzbank has risen to 47.59%, driven by a fresh wave of share acquisitions under its ongoing takeover offer.
The Italian lender secured an additional 17.60% of the German bank’s shares, moving closer to full control.