UniCredit
From Wikipedia, the free encyclopedia
| UniCredit SpA | |
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| Type of Company | Public |
|---|---|
| Founded | 1473 (as Rolo Banca) |
| Headquarters | Milan, Italy |
| Key people | Dieter Rampl, Chairman Alessandro Profumo, CEO |
| Industry | Finance and Insurance |
| Products | Financial Services |
| Employees | 140,000 |
| Website | www.unicredit.com |
UniCredit SpA (FWB:CRI, ISE: IT0000064854) is a Milan-based, pan-European bank, with over 28 million customers and operations in 19 countries. UniCredit's core areas of operations are Italy, Austria and Southern Germany, one of the European Union's wealthiest transnational regions. Moreover the bank has substantial operations in Central & Eastern Europe. It is also known as the UniCredit Group and as UniCredito.
The UniCredit Group has substantial investment banking divisions running in Munich and Frankfurt.
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[edit] Pan-European operations
In total, UniCredit runs 7,000 branches and 140,000 employees:
- in Italy (No. 2 with 10% market share):
- Customer Loans € 122bn
- Customer Deposits € 72bn
- Branches 3,137
- Employees 40,000
- Customers 6.3m
- in Germany (No. 2 with 5% market share):
- Customer Loans € 153bn
- Customer Deposits € 61bn
- Branches 681
- Employees 26,000
- Customers 4.0m
- in Austria (No. 1 with 18% market share ):
- Customer Loans € 51bn
- Customer Deposits € 35bn
- Branches 405
- Employees 12,000
- Customers 1.8m
- in Central and Eastern Europe (No. 1 bank in 4 countries):
- Customer Loans € 41bn
- Customer Deposits € 47bn
- Employees 58,000
- Customers 16.4m
UniCredit is one of the industry's leaders in Central and Eastern Europe:
The Group holds a leading position in Poland, Bosnia, Bulgaria and Croatia, and ranks among the top five in Turkey, Slovakia, Serbia, Romania and the Czech Republic.
There are also significant banking presences in Russia, Ukraine, Hungary, Slovenia and the Baltic states.
[edit] History
On 29th September, Koçbank enhanced its position in the Turkish banking market with the acquisition of 57.4% of the share capital of Yapi Kredi, one of Turkey’s oldest and largest financial groups.
On 24th November 2005, UniCredit SpA completed its acquisition of German rival Bayerische HypoVereinsbank Aktiengesellschaft, after shareholders representing 93.93% of the shares accepted the offer of five new UniCredit shares for one Hypo- und Verinsbank share, which owns 94.98% of Bank Austria, UniCredit also owns 71.03% of Bank BPH.
Through several mergers only during the 1990s, UniCredit grew into one of the largest banking corporations in Italy.
