Unicredit logo is seen displayed in this illustration taken, May 3, 2022.
REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsROME, Oct 25 (Reuters) - UniCredit (CRDI.MI) will have more than 10 billion euros ($10.60 billion) in excess capital by end-2023 and will consider whether to use it for M&A deals or to reward its shareholders, the lender's Chief Executive said in an interview published on Wednesday .
"If M&A at our conditions is complicated, what is left is distribution (of capital).
Therefore what we will give back from 2024 will have an ordinary component and probably and extraordianry one," Andrea Orcel told Italian financial daily Il Sole 24 Ore.($1 = 0.9432 euros)Reporting by Gianluca Semeraro, writing by Giulia Segreti, editing by Alvise ArmelliniOur Standards: The Thomson Reuters Trust Principles.
Persons:
Dado Ruvic, Andrea Orcel, Gianluca Semeraro, Giulia Segreti, Alvise
Organizations:
REUTERS, Rights, Thomson