UniCredit's recent moves concerning Commerzbank have drawn mixed reactions. Italy's Foreign Minister supports the bank's actions within the EU market, while Germany has expressed criticism, causing annoyance in Italy. UniCredit CEO Andrea Orcel emphasized that the primary focus remains on UniCredit itself, with other investments being secondary. Orcel confirmed an 8.6 billion euros shareholder distribution for 2024 and announced that the dividend payout will increase from 40% to 50% starting in 2025. He also mentioned that the Commerzbank investment currently has no impact on this distribution. Additionally, UniCredit plans to internalize its life insurance business, with further details to be announced later on Wednesday. Orcel believes the transformation of HVB over the past three years provides a blueprint for Commerzbank, aiming for higher fees and profitability.