UniCredit Bulbank will distribute 52% of its profit for 2011 as dividends.

In the first quarter of 2012 the net profit of UniCredit increased by 13% compared to the same period of the previous year, thus reaching 914 million euro. A significant contribution to the growth of the financial result was the redemption of bonds, which accounted for a profit of 477 million euro. The revenues of the Italian banking group increased by 2.5% on an annual basis, reaching 7.1 billion euro. Compared to Q4 2011, this increase is even bigger – almost 17%.

The operating expenses of UniCredit shrunk by 0.5% on an annual basis to 3.8 billion euro. Provisions also decreased by 7% and reached 1.4 billion euro as at March 31st, 2012.

In January UniCredit increased its capital by nearly 7.5 billion euro in order to meet the new requirements of the European Banking Authority. As at the end of March 2012 the Core Tier 1 indicator of the Bank, measuring its financial stability, was 10.3% as per Basel 2.5, which is much higher than the required 9%.

On May 10th, 2012 the General Meeting of UniCredit Bulbank approved the results of the Bank for the past year and made a decision to allocate dividends. The Bank will distribute as dividends 52% of its profit for 2011 or nearly 118.3 million leva (i.e. 0.41 leva per share).

The net profit of UniCredit Bulbank for 2011 increased by 42% to 232 million leva. The increased profit of the Bank is due to the bigger revenue from the expanded business, the reduction of operating expenses and the smaller loss from depreciation of the credit portfolio.

The total volume of the credit portfolio of the Bank amounts to 8.5 billion leva, which ensures it the biggest market share for 2012 as well. Compared to 2010 it increased by 5.3%. For the past year more lending is reported for the both companies and households. The loans provided by UniCredit Bulbank to companies are 6% more, reaching slightly over 6 billion leva. Households took loans amounting to 2.4 billion leva, or 3.4% more than in 2010.

More information for media:

UniCredit Bulbank, Identity & Communications Department

Viktoria Blajeva, Phone: + 359 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch

Magdalena Ivanova, Phone: + 359 2 9232 528, nbhebmfob/jwbopwbAvojdsfejuhspvq/ch