| Type | Subsidiary of Unicredit |
|---|---|
| Industry | Finance and Insurance |
| Headquarters | Munich, Germany |
| Key people | Theodor Weimer since April 2008 |
| Revenue | € |
| Website | www.hypovereinsbank.de/ |
UniCredit Bank Aktiengesellschaft (formerly Bayerische Hypo- und Vereinsbank AG, commonly referred to as HypoVereinsbank or HVB) is the sixth-largest private German financial institution, with a strong presence in Bavaria. The company is based in Munich, and together with Deutsche Bank, Dresdner Bank, Commerzbank and Deutsche Postbank, it belongs to the Cash Group. The spokesman for the executive board is Theodor Weimer.
The other board members are: Peter Buschbeck, Lutz Diederichs, Heinz Laber, Peter Hofbauer, Andrea Umberto Varese, and Andreas Wölfer.
On 24 November 2005, its takeover by UniCredit Group was completed, after an offer of five new UniCredit shares for one Hypo- und Vereinsbank share was accepted by shareholders representing 93.93% of the company.
The HVB banking group employs approximately 18,000 employees and operates approximately 780 subbranches and has more than 8.5 million clients. The bank's business focuses on Germany.
HVB Group was formed in 1998 from the merger of Bayerische Vereins-bank A.G. and Bayerische Hypotheken- und Wechsel-Bank A.G., which were the two main Bavarian-based regional banks at that time.[1]