Feb 11 • 04:00 UTC 🇮🇹 Italy Il Giornale

Unicredit, Orcel towards the 2nd term 'I would be enthusiastic'

Andrea Orcel, the CEO of UniCredit, expressed enthusiasm for a potential second term in a recent Bloomberg TV interview.

In a recent interview with Bloomberg TV, Andrea Orcel, the CEO of UniCredit, indicated his openness to serving a second term at the helm of the bank, emphasizing that the decision ultimately lies with shareholders. His current term is set to conclude in the spring of 2027 with the approval of the 2026 financial statements. This openness to a new mandate reflects his commitment to the bank's vision and growth during a pivotal period in the financial sector.

Orcel also discussed UniCredit's stake in Commerzbank, stating he is pleased with the bank's contributions, which now stand at 26 percent ownership. In connection with this investment, UniCredit is set to receive a payment of 313 million euros from Commerzbank upon the latter's distribution of its dividend. This significant financial exchange underscores the strategic collaboration between the two banks and highlights Orcel's role in enhancing shareholder value.

Additionally, UniCredit has made progress on employee incentives by signing an agreement with labor unions regarding the productivity bonus for 2025. This agreement will provide employees with an estimated benefit of 2,770 euros, which includes bonuses and contributions to the company's health insurance plan. Such initiatives are crucial as they not only enhance employee satisfaction but also reflect the bank's commitment to fostering a positive workplace environment, particularly in a competitive financial landscape.

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