1Q05Results-UniCredit.pptVIP

1Q05 CONSOLIDATED RESULTSAlessandro Profumo - CEO;1Q05 ACHIEVEMENTS CONFIRM THE GROUP’S STRATEGY;HIGH QUALITY RESULTS: ALL KPIs MOVING IN THE RIGHT DIRECTION;GOOD PERFORMANCE OF NET INTEREST INCOME (+7.1% Y/Y);Mar04;SIGNIFICANT INCREASE IN NET COMMISSIONS (+9.1% Y/Y);TOTAL ASSETS UNDER MANAGEMENT: AROUND 7 bn GROWTH IN JUST THREE MONTHS;INCOME FROM FINANCIAL TRANSACTIONS;IMPROVED COST/INCOME AT 55.4% (VS. 57% IN 1Q04);Stated cost of risk (annualised) ;DIVISIONAL PERFORMANCE: GROWTH FROM ALL DIVISIONS;RETAIL DIVISION: CONTINUED LENDING GROWTH SUSTAINING NET INTEREST INCOME GOOD PERFORMANCE;-7