1H05consolidatedresults-UniCredit.pptVIP

SUMMARY OF CONTENTS 2Q05 ACHIEVEMENTS STRONG RESULTS, FURTHER OPERATING INCOME IMPROVEMENT NET INTEREST INCOME UP BOTH Q/Q AND Y/Y INCREASED LENDING VOLUMES AND MARKET SHARE GAINS WHILE MAINTAINING PRICING PREMIUM Retail: loan growth driven by mortgages, consumer credit and small business. 2Q05 impacted by 3 bn mortgage securitisation Corporate: up 5.0% vs Mar 05 with m/l term still growing (+3.4%2) New Europe: +6.4% at unchanged FX with q/q increases in all banks (Pekao +5.2%, Bulbank +1.5%, Zaba +5.2%, Koc +11.6%) Good lending spread (3.61%) with pricing premium vs industry (37 bp) NET COM