The cost-cutting measures and the focus on management of risk-weighted assets are some of the reasons for the bank’s good performance in the challenging economic environment.

UniCredit’s gross operating profit in CEE grew by 4% reaching EUR 3.5 billion in the past year. For the fourth quarter of 2012 alone, the Group’s financial result in the region increased by 15.4% to EUR 960 million. Some of the reasons for the good performance of the Italian banking group in CEE are the stable income and the investments in key markets for UniCredit in this region.

UniCredit’s net profit for 2012 amounts to EUR 865 million. The gross positive financial result reaches EUR 10.1 billion, which is a 5% annual growth. The increase is due to the overall policy of the banking group towards cutting costs, which were lowered by 3% in 2012 to EUR 15 billion.

Federico Ghizzoni, CEO of UniCredit, said: “Today UniCredit is better positioned than one year ago on balance sheet, capital and liquidity. We are prepared for the upcoming challenges in 2013. UniCredit’s results held up well in 2012 in spite of a persistently difficult global economic climate. This performance was very much thanks to the implementation of the Strategic Plan management actions, such as cost-cutting measures, focused management of RWAs.”

The Group’s Core Tier 1 Ratio is 10.84%. The Tier 1 capital shows the capability of the banking group to ensure its lending activity, trade in financial instruments, etc. After the successful increase of capital at the beginning of 2012 UniCredit became the best capitalized Italian bank and satisfied the increased capital requirements valid for the systemically important banks, one of which is UniCredit.

The Board of Directors of UniCredit made a decision to distribute dividends from its 2012 profit in the amount of 9 cents per share.

The Group’s performance in brief:

- In 2012:

• Net profit – 865 million EUR;

• Revenues – EUR 25 billion;

• Operating costs – EUR 15 billion;

• Gross operating profit – EUR 10.1 billion;

- Q4 2012:

• Net loss – EUR 553 million;

• Revenues – EUR 5.7 billion;

• Operating costs – EUR 3.7 billion;

• Gross operating profit – EUR 2 billion.

The CEE region is pivotal in the overall performance of UniCredit. In order to optimize its activities in CEE, the Group has been reducing its presence in some countries and increasing its investments in core markets.

As part of the Strategic Plan announced at the end of 2011, UniCredit’s activities in the Baltic countries are being focused on Latvia. The centralization is expected to be completed in mid-2013. Currently in the Baltic countries the Group is presented by one head office in Latvia, two branches in Estonia and two corporate branches in Lithuania. UniCredit will continue to provide services to its clients in the region through its new centralized structure in Latvia. Going forward with its Strategic Plan, the Group continues the merger of the banks in the Czech Republic and Slovakia.

Meanwhile in Russia, Renault-Nissan Alliance and UniCredit have agreed on the creation of a specialized automotive bank. It is going to offer a broad range of financial services to both clients and distributors of the brands Renault, Nissan and Infiniti in the country. The joint venture is expected to start work by the end of 2013.

More information for clients:

UniCredit Bulbank, Call Centre

Phone: 0700 1 84 84

More information for media:

UniCredit Bulbank, Identity & Communications Department

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

Ekaterina Ancheva, Phone: + 359 2 9264 963, flbufsjob/bodifwbAvojdsfejuhspvq/ch

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