\nLa un eveniment organizat pentru a marca noul parteneriat dintre UniCredit \u015fi Scuderia Ferrari \u00een Formula 1, directorul executiv Andrea Orcel a tras o paralel\u0103 \u00eendr\u0103znea\u0163\u0103 \u00eentre cele dou\u0103 branduri: \u201eAmbele au pornit din Italia cu acela\u015fi vis: s\u0103 cucereasc\u0103 lumea\u201d, a spus el. \u201eFerrari a reu\u015fit. UniCredit urm\u0103re\u015fte acela\u015fi obiectiv.\u201d<\/p>\n
\nAmbi\u0163ia lui Orcel se love\u015fte \u00eens\u0103 de primele obstacole majore. Germania s-a opus prelu\u0103rii Commerzbank, for\u0163\u00e2nd UniCredit s\u0103 \u00eenghe\u0163e planurile de achizi\u0163ie, iar guvernul italian a blocat prin \u201egolden power\u201d tentativa de a cump\u0103ra Banco BPM, informeaz\u0103 Financial Times.<\/p>\n
\nAceste e\u015fecuri ridic\u0103 \u00eentrebarea: va accepta Orcel s\u0103 conduc\u0103 UniCredit \u00een forma actual\u0103 sau renumitul dealmaker a fost prins pe picior gre\u015fit chiar \u00een domeniul s\u0103u, fuziuni \u015fi achizi\u0163ii?<\/p>\n
\nDe\u015fi situa\u0163ia s-a complicat, Orcel nu renun\u0163\u0103 la obiectivul de a transforma UniCredit \u00eentr-un campion regional. \u201eDac\u0103 Europa \u00ee\u015fi dore\u015fte b\u0103nci mari care s\u0103 opereze peste grani\u0163e, noi suntem cei mai aproape de a realiza acest lucru\u201d, a declarat acesta pentru FT.<\/p>\n
\nPlanul era ambi\u0163ios: integrarea BPM p\u00e2n\u0103 \u00een 2026, urmat\u0103 de ofensiva final\u0103 asupra Commerzbank. \u00cens\u0103 opozi\u0163ia politic\u0103 din Roma \u015fi Berlin, plus cre\u015fterea valorii Commerzbank, oblig\u0103 UniCredit s\u0103 a\u015ftepte cel pu\u0163in p\u00e2n\u0103 \u00een 2027 pentru o nou\u0103 tentativ\u0103.<\/p>\n
\nCriticii consider\u0103 c\u0103 Orcel a subestimat sensibilit\u0103\u0163ile politice: \u201eB\u0103ncile sunt active strategice pentru un stat. Nu po\u0163i for\u0163a o tranzac\u0163ie dac\u0103 guvernul nu e de acord\u201d, spune un bancher european. <\/p>\n
\nOrcel respinge acuza\u0163iile \u015fi afirm\u0103 c\u0103 Berlinul a fost ini\u0163ial deschis ideii, iar analiza intern\u0103 a UniCredit arat\u0103 c\u0103 interven\u0163ia politic\u0103 din Italia a f\u0103cut tranzac\u0163ia cu BPM aproape imposibil\u0103.<\/p>\n
\n\u00cen pofida blocajelor, investitorii r\u0103m\u00e2n \u00eencrez\u0103tori. De la venirea lui Orcel, ac\u0163iunile UniCredit au urcat cu aproape 650%, dep\u0103\u015find to\u0163i rivalii mari din Europa. Doar \u00een 2024, titlurile au crescut cu dou\u0103 treimi, iar majoritatea anali\u015ftilor v\u0103d \u00een continuare poten\u0163ial de apreciere.<\/p>\n
\nUniCredit este \u00eenc\u0103 bine pozi\u0163ionat\u0103, sus\u0163in anali\u015ftii, datorit\u0103 disciplinei de costuri, veniturilor din comisioane \u015fi utiliz\u0103rii eficiente a capitalului. Totu\u015fi, efectul pozitiv al dob\u00e2nzilor ridicate se estompeaz\u0103: venitul net din dob\u00e2nzi a sc\u0103zut cu peste 5% \u00een trimestrul al treilea.<\/p>\n
\nOrcel recunoa\u015fte c\u0103 urmeaz\u0103 o perioad\u0103 mai dificil\u0103: \u201ePia\u0163a a trecut de la pesimism total la un optimism exagerat fa\u0163\u0103 de b\u0103ncile europene. Ne preg\u0103tim pentru un mediu mai dur.\u201d<\/p>\n
\nUn element care va ajuta UniCredit r\u0103m\u00e2ne cre\u015fterea participa\u0163iilor \u00een Commerzbank \u015fi Alpha Bank, care ar putea aduce aproximativ 800 milioane de euro anual \u00een venituri suplimentare.<\/p>\n","protected":false},"excerpt":{"rendered":"
La un eveniment organizat pentru a marca noul parteneriat dintre UniCredit \u015fi Scuderia Ferrari \u00een Formula 1, directorul executiv Andrea Orcel a tras o paralel\u0103 \u00eendr\u0103znea\u0163\u0103 \u00eentre cele dou\u0103 branduri: \u201eAmbele au pornit din Italia cu acela\u015fi vis: s\u0103 cucereasc\u0103 lumea\u201d, a spus el. \u201eFerrari a reu\u015fit. UniCredit urm\u0103re\u015fte acela\u015fi obiectiv.\u201d Ambi\u0163ia lui Orcel se […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[510],"tags":[170,4473,7267,12960,20307,470,187,438,7811,8644,11056,10146,9,7507,16346,220,8400,17904],"class_list":["post-241774","post","type-post","status-publish","format-standard","hentry","category-actualitate","tag-achizitie","tag-achizitii","tag-banci","tag-berlin","tag-campion","tag-cumparare","tag-dobanzi","tag-europa","tag-ferrari","tag-financial-times","tag-financiar","tag-fuziune","tag-guvern","tag-italia","tag-organizare","tag-politica","tag-unicredit","tag-zid"],"_links":{"self":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/241774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=241774"}],"version-history":[{"count":1,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/241774\/revisions"}],"predecessor-version":[{"id":241794,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=\/wp\/v2\/posts\/241774\/revisions\/241794"}],"wp:attachment":[{"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=241774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=241774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bm.dev.synology.me\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=241774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}