UniCredit CEO Orcel on Q3 Profit, Reducing Russia Exposure

The video discusses the impact of rising interest rates on banks, highlighting both positive and negative effects. It reviews the company's financial performance, noting strong results due to early provisioning and a sound portfolio. The Russian unit's performance is examined, showing a convergence of results with and without its inclusion. The company outlines its strategy for reducing exposure in Russia, focusing on disengagement and refocusing on international clients.

How do rising interest rates affect the company's financial performance?

• They only have a positive impact.

• They negatively affect the NIH line.

• They help the NIH line but increase costs.

• They have no impact on the company's performance.

What is one reason for the company's low provisioning levels?

• Early provisioning

• High-risk portfolio

• Increased cost of risk

• Lack of provisioning policies

What was the net income excluding the Russian unit for the nine months?

• 3.8 billion

• 4 billion

• 5 billion

• 3 billion

Why is the Russian unit performing relatively well?

• Due to aggressive expansion

• Because of conservative provisioning

• Lack of competition

• High-risk investments

What is the company's strategy regarding its Russian business?

• Expanding operations

• Maintaining current exposure

• Disengaging and reducing exposure

• Increasing local exposure