Unicredito Spa Ord New (UNCFF) Q2 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, ladies and gentlemen. Before I hand you over to Mr. Jacopo Dallo, Investor Relations, a reminder that today is being recorded. The conference is being recorded. I apologize. Sir, you may begin. Good morning and welcome to Unicredit's second quarter 2026 results. Our CEO, Andrea Orcel, will take you through the presentation. This will be followed by an analyst Q&A session with Andrea and with our CFO, Stefano Porro. As ever, please limit yourself to two questions. With that, I'll hand over to Andrea. Thank you. Good morning and thank you all for joining us. Following an outstanding first quarter, I am pleased to present another record performance propelled by our core contributing to the strongest first half in Unicredit history. These results demonstrate the strengths of our business, the magnitude of our profitable organic growth, and the impact of our continued transformation. Unlocked builds the foundation, Unlimited is leveraging them, accelerating our trajectory and ensuring we are future ready. This quarter we achieved significant quality market share gains across all our regions while accelerating our transformation agenda, further improving efficiency and structural profitability. It is proof our model is winning. It is enabling profitable organic growth while improving our operating leverage unlike any other bank. None of this would be possible without our people. Their commitment, their care and ownership are what makes Unicredit so special, leading in every market where we are present. To each of them, my thank you. Today's results mark the 22nd record quarter, the best second quarter and the best first half in Unicredit history. They confirm the unlimited step change across both acceleration and transformation, delivering exceptional core re...