UniCredit CEO Andrea Orcel projected €400 million to €500 million in cost savings over five years from AI, focusing on efficiency gains in lending, compliance, and onboarding. He emphasized AI as an opportunity, not a threat, and stressed that its success depends on clear goals and operational changes. Efficiency improvements could exceed 50% in some areas.

2026-03-18

UniCredit CEO Andrea Orcel projected €400 million to €500 million in cost savings over five years from AI, focusing on efficiency gains in lending, compliance, and onboarding. He emphasized AI as an opportunity, not a threat, and stressed that its success depends on clear goals and operational changes. Efficiency improvements could exceed 50% in some areas.