Magda Palczynska
Head of Investor Relations
Replay available
Unicredito Spa Ord New (OTC: UNCFF) Q2 2025 earnings conference call, held 2025-07-23. Replay captured from the company's public earnings webcast.

Head of Investor Relations
Chief Executive Officer
Chief Financial Officer
Analyst at Autonomous Research
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Analyst at JP Morgan
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WEBVTT 00:00:01.482 -- 00:00:06.762 Good morning, ladies and gentlemen. Before I hand over to Magda Palczynska, Head of Investor 00:00:06.762 -- 00:00:11.139 Relations, a reminder that today's call is being recorded. 00:00:11.139 -- 00:00:13.463 Ma'am, you may begin. 00:00:13.463 -- 00:00:18.490 Good morning and welcome to Unicredit's second quarter and half year 2025 00:00:18.490 -- 00:00:24.759 results conference call. Andrea Orchel, our CEO, will take you through the presentation. 00:00:24.759 -- 00:00:30.307 This will be followed by a Q&A session with Andrea and Stefano Porro, our CFO. 00:00:30.307 -- 00:00:33.452 As always, please limit yourself to two questions. 00:00:33.452 -- 00:00:36.714 With that, I'll hand over to Andrea. 00:00:37.558 -- 00:00:42.124 Good morning and thank you for joining us today for Unicredit's remarkable second quarter 00:00:42.124 -- 00:00:43.568 results. 00:00:43.568 -- 00:00:49.014 Obviously, yesterday's announcement regarding BPM is in the background. 00:00:49.014 -- 00:00:54.019 Given the continued uncertainty for Unicredit and its shareholders generated by the 00:00:54.019 -- 00:01:00.246 Golden Power, we have decided to draw a line under this transaction and move on. 00:01:00.246 -- 00:01:05.432 As today's results and upgraded guidance demonstrate, we are accelerating beyond 00:01:05.432 -- 00:01:06.834 expectations, 00:01:06.834 -- 00:01:11.885 particularly neatly, gaining market share profitably and raising the value 00:01:11.885 -- 00:01:15.668 that we expect to create for our shareholders. 00:01:15.671 -- 00:01:20.840 As CEO of Unicredit, I believe that my job is to create the most value possible for our 00:01:20.840 -- 00:01:24.626 shareholders whilst strengthening our bank. 00:01:24.626 -- 00:01:30.074 M&A is just a tool, w...