UniCredit SpA is an Italy-based, pan-European banking organization, with aprox 40 million customers and operations in 22 countries.

Geography[link]

UniCredit Headquarters in EUR, Rome

UniCredit in Vilnius, Lithuania.

The company has its registered office in Rome and general management in Milan.^[2] UniCredit's core markets are Italy, Austria and Southern Germany. UniCredit also has operations in Central and Eastern Europe. The UniCredit Group has investment banking divisions in London, Milan, Munich, Vienna, Budapest and Warsaw.

History[link]

UniCredit Group was the outcome of the 1998 merger of several Italian banks.

In 1999, UniCredito Italiano, as it was then known, began its expansion in Eastern Europe with the acquisition of Polish Bank Pekao.

In 2005, UniCredit merged with the German group HVB, itself formed in 1998 by the combination of two Bavarian banks: Bayerische Vereinsbank and Bayerische Hypotheken-und Wechsel-Bank. Integration with the HVB Group, reinforced by the merger with Bank Austria Creditanstalt in 2000 enabled further growth for UniCredit Group, but was only marginally profitable. Bank Austria Creditanstalt is a major shareholder in Bank Medici AG. Following news that the Bank Medici had invested US$2 billion with Bernard Madoff, Vienna appointed a supervisor to run the private bank, raising questions about control of the sprawling group.

In 2007, by combination with the Capitalia Group, the third-largest Italian banking group, UniCredit Group consolidated and strengthened its position, but added considerably to its overhead costs. In the same year, two more acquisitions were carried out: ATF Bank, which ranks fifth of domestic banks in Kazakhstan with 154 branches, and Ukrsotsbank, a retail bank. With these two banks the Group extended its operations in this area to 19 countries (including Central Asia).

The Group also controls the Banco di Sicilia Group, one of the oldest Italian banks.

Ownership[link]

Shareholders owning more than 2% (May 2012):^[3]

• Aabar Investments – 6.501%
• Fondazione Cassa di Risparmio di Torino – 3.856%
• Fondazione Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona – 3.534%
• BlackRock Inc. - 3.106%
• Carimonte Holding – 3.013%
• Capital Research and Management Company - 2.732%
• EuropeanPacific Growth Fund - 2.210%
• Allianz – 2.016%
• Central Bank of Libya – 4.988%

On 11 March 2011 Unicredit said in a press release that they froze the rights of vote of the Libyan shareholders (Central Bank of Libya and Lia).^[4]

See also[link]

Companies portal

• European Financial Services Roundtable
• HypoVereinsbank
• Pioneer Investments

References[link]

External links[link]

• Official website

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