UniCredit

Last updated
UniCredit S.p.A.
FormerlyUniCredito Italiano S.p.A.
Company type Public S.p.A.
ISIN IT0005239360
Industry Financial services
Predecessor
Founded1998;26 years ago (1998)
Headquarters Unicredit Tower,
Milan
,
Italy
Key people
Products
RevenueIncrease2.svg €23.8 billion (2023) [1]
Increase2.svg €23.2 billion (2023) [1]
Increase2.svg €8.6 billion (2023) [1]
Total assets Increase2.svg €785.0 billion (2023) [1]
Total equity Increase2.svg €64.1 billion (2023) [1]
Number of employees
Decrease2.svg 70,752 (2023) [1]
Website www.unicreditgroup.eu

UniCredit S.p.A. (formerly UniCredito Italiano S.p.A.) is an Italian multinational banking group headquartered in Milan. It is a systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. [2] It was formed through the merger of Credito Italiano and Unicredito in 1998 [3] but has a corporate identity stretching back to its first foundation in 1870 as Banca di Genova. UniCredit is listed on the Borsa Italiana and Frankfurt Stock Exchange and is a constituent stock of the Euro Stoxx 50 index of leading shares. [4]

Contents

With corporate & investment banking, commercial banking and wealth management operations, Unicredit is a pan-European bank with a strong presence in Western, Central and Eastern Europe. Through its European banking network, it provides access to market-leading products and services in 13 core markets: Italy, Germany as HypoVereinsbank, Austria as Bank Austria, Russia and nine other Central and Southeast European countries.

UniCredit has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. [5] [6]

History

Founding through mergers and growth (1998–2006)

UniCredit was the outcome of the 1998 merger of several Italian banking groups, which the majority one were Unicredito (banks from Turin, Verona and Treviso) and Credito Italiano (consists of Rolo Banca, Banca Popolare di Rieti), hence the name UniCredito Italiano. Credito Italiano issued about 38.46% new shares to the owners of Unicredito, and renamed itself to Unicredito Italiano. [7] Other banks such as Banca dell'Umbria, Cassa di Risparmio di Carpi, Cassa di Risparmio di Trento e Rovereto (Caritro), Cassa di Risparmio di Trieste also joined the group in 1998–2000. A new subsidiary was also created in December 1999 which was named after the original Credito Italiano.

In 1999, UniCredito Italiano, as it was then known, began its expansion in Eastern Europe with the acquisition of Polish company Bank Pekao. On 30 June 2002, UniCredit started its S3 project which merged 7 of their bank network: Rolo Banca, Banca CRT, Cariverona Banca, Cassamarca, Cassa di Risparmio di Trento e Rovereto and Cassa di Risparmio di Trieste into Credito Italiano, and Credito Italiano was renamed into UniCredit Banca. [8] UniCredit Private Banking and UniCredit Banca d'Impresa was spin off from it in 2003.

In 2005, UniCredit merged with the German group HypoVereinsbank (HVB), which is itself formed in 1998 by the combination of two Bavarian banks: Bayerische Vereinsbank and Bayerische Hypotheken-und Wechsel-Bank. Integration with the HVB Group was reinforced by the merger with Bank Austria Creditanstalt in the year 2000 and enabled further growth for the UniCredit Group. Additionally, Bank Austria Creditanstalt was a major shareholder in Bank Medici AG. Bank Medici was Thema Fund's investment manager. [9] In return for finding investors, Bank Medici collected fees of 4.6 million euros from Thema International Fund in 2007. [10] Following the news that Bank Medici had invested US$2 billion with Bernard Madoff, officials in Vienna appointed a supervisor to run the private bank, raising questions about control of the sprawling group.

On 30 June 2005 Banca dell'Umbria and Cassa di Risparmio di Carpi were absorbed into the parent company.

In 2006 the securities services business of UniCredit (2S Banca, now Société Générale Security Services S.p.A.) was sold to Société Générale for €579.3 million. [11]

In 2006, minority interests in the savings banks of Bra (31.021%), Fossano (23.077%), Saluzzo (31.019%) and Savigliano (31.006%) were sold for about €149 million to Banca Popolare dell'Emilia Romagna. [12]

Acquisition of Capitalia, financial crisis and its consequences (2007–2017)

In 2007, in combination with the Capitalia Group, the fourth-largest Italian banking group (by total assets in 2006; Sanpaolo IMI and Banca Intesa were counted as one entity as the banks also merged in 2007). [13] The registered office of the bank was also relocated from Genoa (inherited from Credito Italiano) to 17 via Minghetti, Rome.

In the same year, two more acquisitions were carried out: ATF Bank, [14] which ranks fifth out of domestic banks in Kazakhstan with 154 branches, and Ukrsotsbank, a universal bank in Ukraine. With these two banks, the Group extended its operations in this area to 19 countries (including Central Asia). However, in November 2012, Kazakh government sources declared UniCredit is in talks with Kazakh investors over the sale of a controlling stake in ATF Bank. [15]

In 2010, UniCredit S.p.A. absorbed its Italian banking subsidiaries: UniCredit Banca, Banca di Roma and Banco di Sicilia.

In 2013 UniCredit Finance reported that they would no longer provide banking services in Latvia. [16]

On March 14, 2014, UniCredit announced that it expected to cut around 8,500 jobs in the future, together with the announcement of a $15 billion loss in the 4th quarter of 2013 due to extensive cash-reserving for bad loans and writing down goodwill from acquisitions. [17] UniCredit is one of the 6 European banks which are currently most exposed to potential problems in the emerging markets. [18]

In April 2015 UniCredit and Banco Santander reached a preliminary agreement to merge their asset-management businesses in a transaction valuing the combined entity at about €5.4 billion. [19] However, the deal was terminated on 27 July 2016. Nevertheless, Pioneer was sold in December 2016 to Amundi for €3.545 billion. UniCredit also received an extraordinary dividend of €315 million from Pioneer. [20]

From June 2015 to January 2017 UniCredit sold its NPLs that was doubtful to collect (sofferenze) to various investors, namely PRA Group Europe (€625 million gross), [21] a fund managed by Cerberus Capital Management (€100 million gross), a US fund (€150 million gross), [22] AnaCap Financial Partners (€420 million gross), [23] Fortress Investment Group and PIMCO (€17.7 billion gross; UniCredit retained a minority stake in the securitization SPV), [24] B2 Kapital (€110 million in gross from Slovenian subsidiary) [25] and B2Holding (€93 million from UniCredit Bulbank). [26] In October 2015, UniCredit also sold UniCredit Credit Management Bank (now doBank), the subsidiary that specialized in managing NPLs to Fortress Investment Group and Prelios S.p.A. A portfolio of €2.4 billion (in gross book value) NPLs was included in the deal. [27] [28] On a year to year basis, the net value of sofferenze had increased from €19.701 billion on 31 December 2014 to €19.924 billion on 31 December 2015 (or from €52.143 billion to €51.089 billion in gross). [29]

In December 2016 UniCredit sold Polish bank Bank Pekao. UniCredit had already sold part of the stake in FinecoBank in mid 2016, as well as sold Ukrainian bank Ukrsotsbank to Alfa Group in January 2016. In December 2016, the card business in Italy, Germany and Austria was sold to SIA for €500 million. [30]

On 13 December 2016, despite the annual European Central Bank (ECB) Supervisory Review and Evaluation Process (SREP) lowed the CET1 ratio (transitional basis) requirement of UniCredit from 9.75% [31] to 8.75%, [32] the bank announced a massive €13 billion recapitalization of the bank, as well as €8.1 billion loan loss provisions and net restructuring charges of €1.7 billion in the fourth quarter of 2016. [33] In the 2016 European Union bank stress test announced on 29 July, UniCredit's CET1 ratio (fully loaded basis) was predicted at 7.10% in the adverse scenario on 31 December 2018, which was the second last among the big 5 Italian banks that participated in the stress test (the last was Banca Monte dei Paschi di Siena). [34] Based on the 2016 SREP, UniCredit Group has required a fully load basis CET1 ratio of 10.5% from 1 January 2019 due to an increase in Capital Conservation Buffer and global systemically important bank buffer as required by CRR and CRD IV. [32] Moreover, the pillar 2 guidance: the additional capital that ECB suggested the bank to keep, was remained confidential. [32]

In January 2017 10 old ordinary shares were combined into 1 new ordinary share, as well as bearer savings share and registered savings share. [35] On April 6, 2017, UniCredit issued its first bond in the United States in a decade. [36] In mid-2017, a capital increase was completed as well as securitization and partial disposal of the NPLs of the bank. In December 2017, the savings share (Italian : azioni di risparmio) of the bank was converted to the ordinary share, as well as the removal of the 5% cap on voting rights for each entity. [37]

Expansion with a new round of acquisitions (2023-24)

In October 2023, UniCredit announced that it would become the largest investor in Alpha Bank, buying a 9% stake in the Greek bank and taking over its Romanian subsidiary. [38]

On 11 September 2024, UniCredit announced that it had purchased a 9% stake in Commerzbank. Half of the stake was bought on the open market; the other half was bought from the German government, which sold a part of the stake it owns since the financial crisis and Commerzbank's bailout. [39] UniCredit also announced that it has asked for the ECB regulatory approval to raise its stake in Commerzbank beyond 9,9% in a move widely understood as the first step of a potential takeover of Germany’s second-largest private-sector bank by UniCredit. On 23 September 2024, UniCredit stated that it increased its stake in Commzerbank to 21% (even though the new acquisition of a 11,5% stake in Commerzbank need an ECB approval to be settled) and has submitted a request to the ECB to increase its stake to 12,9%. [40]

buddybank

buddybank Logo-buddybank.png
buddybank

On 29 January 2018 buddybank was launched on the Italian market. buddybank is the first mobile-only bank designed for iOS devices, but is also developed on Android: [41] [42] the official app of the service is available on Android smartphones, iPhone, iPad and iPod Touch devices. buddybank is based on a conversational operating model: customers can communicate with the bank through a chat system and receive assistance 24 hours a day, 7 days a week.

Geography

The company has its registered office and general management in Milan. The registered office was located in Rome [43] from the date of the merger with Capitalia in 2007, and relocated back to Milan in 2017. [37] The registered office was located in Genoa from 1999 to 2007. UniCredit's core markets are Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Serbia, Slovakia, Slovenia, Romania, and Russia.

UniCredit Corporate & Investment banking division serves 1,500 multinational corporates and key financial institutions and supports the group’s corporate banking units in delivering services to 600,000 corporate and public sector clients. Its International Network spreads over 16 countries worldwide and provides access to a network of 4,000 correspondent banking relationships, covering 175 countries. CIB international centers are present in New York City, London, Hong Kong, Singapore, Tokyo, Shanghai, Milan, Munich, Vienna, Budapest, Prague, Madrid, Beijing, Mumbai, Athens, Seoul, Zurich, Hanoi, Abu Dhabi.

With the goal of fostering trade and investment between Eastern and Western Europe, UniCredit has joined up with Ost-Ausschuss der Deutschen Wirtschaft  [ de ] and the Federal State of Berlin to host the east forum Berlin. [44]

Business in Russia

After a Russian invasion of Ukraine on February 24, 2022, UniCredit's Chief Executive Officer, Andrea Orcel, announced in March 2022 that the bank was actively considering leaving the Russian market. [45] Prior to the invasion, UniCredit had even considered buying the Russian bank Otkrytie. In March 2022, the bank estimated possible losses from exiting the Russian market at €7.4 billion. [46] In May 2022, it became known that UniCredit had reserved more than €1 billion for possible losses in the Russian Federation, while still considering leaving the market. [47]

Later in May 2022, it was reported that UniCredit and Citigroup were considering exchanging assets in Russia. [48] UniCredit's position has been that it is unwilling to sell its business at undervalued prices and does not want to face serious financial losses. According to the Financial Times, billionaire Volodymyr Potanin's "Interros" was one of the contenders to purchase UniCredit's business, but UniCredit denied the proposal due to unfavorable conditions. Raiffeisen Bank International and UniCredit are the only foreign banks on the central bank's list of 13 "systemically important credit institutions," and are therefore extremely important in the Russian financial system. [49] [50]

In 2022, UniCredit's total revenue exceeded €20 billion, with more than €1 billion coming from its Russian operations. [51]

In May 2024, a Russian court authorized the seizure of €462.7 million of Unicredit's assets. [52]

In April 2022, the European Central Bank issued an order to reduce operations in Russia. On June 29, UniCredit filed a lawsuit with the European Court of Justice, demanding that the demands be declared illegal, since its activities in Russia are carried out outside the jurisdiction of the ECB. [53]

Ownership

UniCredit is a public company with a free float equal to 100% of the shares outstanding and there are no controlling shareholders or shareholders' agreements. The major shareholders (above 3%) collectively represent only 13% of the share capital (3 March 2021): [54] [55]



In addition, Fondazione Cariverona, Fondazione Cassa di Risparmio di Torino, the owners of the predecessors of UniCredit, as well as foreign sovereign wealth fund (and other government entity): Central Bank of Libya (and its subsidiary Libyan Foreign Bank) [56] [29] were the shareholders of UniCredit that owned more than 2% stake as at 31 December 2015. On 11 March 2011, Unicredit said in a press release that they froze the voting rights of the Libyan shareholders (Central Bank of Libya and Lia). [57]

In addition to aforementioned banking foundations, Fondazione Roma and Fondazione Manodori, the former owners of Capitalia, also owned 0.479% stake and 0.278% stake respectively as at 31 December 2015. [58] [59] Carimonte Holding, the joint venture of Fondazione Carimodena and Fondazione del Monte di Bologna e Ravenna, owned 2.115% stake of UniCredit in 2014. [60] Other known shareholders were Fondazione Cassamarca (0.23% at 31 December 2016) and Fondazione CRTrieste (0.282% at 31 December 2016), which were the former owner of UniCredit's predecessors.

Subsidiaries

Former Subsidiaries

Sponsorship

UniCredit Group had sponsored tennis tournaments Czech Open, Vienna Open (by subsidiary Bank Austria), golf tournaments Ladies German Open (by subsidiary HypoVereinsbank and UniCredit) and Austrian Open (by subsidiary Bank Austria).

From 2009 to 2018, UniCredit was one of the main sponsors of UEFA Champions League. [61]

See also

Related Research Articles

<span class="mw-page-title-main">Unicredito</span> Former Italian bank

Unicredito was an Italian bank holding company that existed under that name for a brief time, from 1994 to 1998. It was initially formed by the banking foundations of Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona and Cassa di Risparmio della Marca Trivigiana (Cassamarca) respectively owning 83.5 percent and 16.5 percent of UniCredito's equity. In 1997, the banking foundation of Cassa di Risparmio di Torino joined the venture. In 1998, Unicredito merged with Credito Italiano to form UniCredito Italiano, later branded as UniCredit.

<span class="mw-page-title-main">Intesa Sanpaolo</span> Italian banking group

Intesa Sanpaolo S.p.A. is an Italian international banking group. It is Italy's largest bank by total assets and the world's 27th largest. It was formed through the merger of Banca Intesa and Sanpaolo IMI in 2007, but has a corporate identity stretching back to its first foundation as Istituto Bancario San Paolo di Torino in 1583.

<span class="mw-page-title-main">Credito Italiano</span> Former Italian bank

Credito Italiano, often referred to by the shorthand Credit, was a significant Italian bank based in Milan. It was established in 1895, succeeding the Banca di Genova established in 1870 in Genoa. In 1998 it merged with Unicredito to form Unicredito Italiano, later known as UniCredit.

<span class="mw-page-title-main">Crédit Agricole Italia</span>

Crédit Agricole Italia S.p.A., formerly Crédit Agricole Cariparma S.p.A., is an Italian banking group, a subsidiary of French banking group Crédit Agricole. Crédit Agricole Italia was ranked as the 11th largest bank in Italy by total assets at 31 December 2015. The group serving Emilia-Romagna, Liguria and Friuli-Venezia Giulia, where the predecessors originated, as well as Campania, Lazio, Lombardy, Piedmont, Tuscany, Umbria and Veneto, or half of Italian regions.

<span class="mw-page-title-main">Roberto Nicastro</span> Italian banker

Roberto Nicastro, an Italian banker and Fintech Investor, senior advisor for Cerberus Capital, and Chairman of AideXa, a challenger bank project aiming to serve small businesses. Previously he was the Chairman of the "Good Banks" on behalf of Bank of Italy and was the Group General Manager of Unicredit; in the past, he worked with McKinsey & Co and Salomon Brothers. He is also involved in charitable activities and postgraduate education advisory.

Banca Adriatica S.p.A. trading as UBI Banca Adriatica and formerly known as Nuova Banca delle Marche S.p.A. was an Italian bank based in Jesi, Marche region. It has operations in several regions in central Italy, but concentrated in Marche region, which 73% of the branches were located in that region as of 2016. The bank was formed on 22 November 2015 by the spin off of the good assets of the original Banca delle Marche S.p.A..

<span class="mw-page-title-main">Cassa di Risparmio di Perugia</span> Italian savings bank

Banca dell'Umbria 1462 S.p.A. or previously known as Cassa di Risparmio di Perugia was an Italian savings bank. The bank became a subsidiary of UniCredit in 1999 and ceased to exist in 2005. However, its former owner Fondazione Cassa di Risparmio di Perugia, still operated as a charity organization. The foundation and the S.p.A. were split in 1992 from the original statutory corporation of the bank due to Legge Amato.

<span class="mw-page-title-main">Cassa di Risparmio di Torino</span> Italian savings bank based in Turin, Piedmont

Banca Cassa di Risparmio di Torino S.p.A., also known as Banca CRT or Caritorino, was an Italian savings bank based in Turin, founded in 1827 and merged into Unicredito in 1997. In 1998, Unicredito merged with Credito Italiano to form UniCredito Italiano, later known as UniCredit. In 2002, Banca CRT was absorbed into the parent company.

Cassa di Risparmio di Tortona was an Italian savings bank based in Tortona, Piedmont. The bank was merged into Banca Lombarda in 1999, while the former owner of the bank, Fondazione Cassa di Risparmio di Tortona, still operates as a charity organization.

Cassa di Risparmio di Saluzzo is an Italian saving bank. The bank was based in Saluzzo, in the Province of Cuneo, Piedmont.

Cassa di Risparmio di Bra is an Italian regional bank. The bank was based in Bra, in the Province of Cuneo, Piedmont.

Cassa di Risparmio di Fossano is an Italian savings bank based in Fossano, in the province of Cuneo, Piedmont.

Banca Cassa di Risparmio di Savigliano S.p.A. is an Italian saving bank. The bank was based in Savigliano, in the Province of Cuneo, Piedmont.

<span class="mw-page-title-main">Rolo Banca</span>

Rolo Banca 1473 S.p.A. was an Italian bank based in Bologna, Italy. It was formed by the merger of Credito Italiano subsidiaries Credito Romagnolo, and Carimonte Banca. The intermediate holding company of the bank was Credit Carimonte, a 51–49 joint venture of Credito Italiano and Carimonte Holding.

Fondazione Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona, also known as Fondazione Cariverona is an Italian banking foundation based in Verona, Veneto region. The foundation was created in 1991.

Atlante is an Italian banking sector owned bail-out equity fund that is dedicated to recapitalize some Italian banks, as well as purchase the securities of the junior tranches of non-performing loans. It was established in 2015 in response to the Italian bad debt crisis of that year. The fund was under regulation by the EU Alternative Investment Fund Managers Directive.

Fondazione Roma formerly Fondazione Cassa di Risparmio di Roma is a charity organization based in Rome, Italy. The organization succeeds the historical financial institution Cassa di Risparmio di Roma as it was reorganized as a banking foundation in 1991, with its banking operations spun off to merge with other Roman banks and form Banca di Roma, later a component of Capitalia then Unicredit. The foundation remained as a shareholder of UniCredit, the banking group that acquired Capitalia in mid-2007. As at 31 December 2006, the foundation was the second largest shareholder of Capitalia for 5.02% stake.

Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona, also known by the shorthand Cariverona, was an Italian savings bank headquartered in Verona. It was formed in 1825 from a division of the Monte di Pietà di Verona, itself founded in 1490.

<span class="mw-page-title-main">Cassa di Risparmio della Marca Trivigiana</span> Italian savings bank

Cassa di Risparmio della Marca Trivigiana, also known as Cassamarca in short, was an Italian savings bank headquartered in Treviso, Veneto. The history of the bank goes back to 1496 when the charitable institution Monte di Pietà di Treviso was founded. The savings bank was established by the Monte in 1907, following a first bank spinoff in 1822 that ended up being absorbed in 1872 by the Cassa di Risparmio delle Provincie Lombarde.

Cassa di Risparmio di Trieste was an Italian savings bank headquartered in Trieste that operated between 1842 and 2002.

References

  1. 1 2 3 4 5 6 "2022 Annual Reports and Accounts" (PDF). unicreditgroup.com. Retrieved 7 February 2023.
  2. ↑ Ali, Zarmina (April 7, 2020). "The world's 100 largest banks". Standard & Poor. Retrieved June 23, 2020.
  3. ↑ Howells, P. G. A. (2008). The economics of money, banking and finance : a European text (4th ed.). Harlow, England: Prentice Hall Financial Times. p. 153. ISBN   9780273710394.
  4. ↑ "Constituents". boerse-frankfurt.de. Archived from the original on 19 November 2015.
  5. ↑ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  6. ↑ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.
  7. ↑ "Provvedimento N°24: Credito Italiano / Unicredito" (PDF) (in Italian). Banca d'Italia. 2 November 1998. Retrieved 3 March 2016.
  8. ↑ "ROLO BANCA: Via libera alla fusione con UniCredito Italiano prevista nel piano di riorganizzazione del Gruppo UniCredito Italiano" (in Italian). Rolo Banca. 12 March 2002. Archived from the original on 20 August 2002. Retrieved 20 March 2016.
  9. ↑ Groendahl, Boris (12 March 2009). "Austria's Madoff-hit Bank Medici seeks buyers". Reuters. Retrieved 9 February 2013.
  10. ↑ Schneeweiss, Zoe (31 December 2008). "Bank Medici Manages Up to $3.2 Billion of Assets Tied to Madoff". Bloomberg. Retrieved 9 February 2013.
  11. ↑ "UniCredit: Closing of the 2S Banca sale to SocGen". UniCredit. 4 October 2006. Retrieved 4 April 2016.
  12. ↑ "Bilancio individuale 2006" (PDF) (in Italian). BPER. 10 November 2007. Retrieved 16 February 2016.
  13. ↑ Table VI "2007 Le principali società italiane" (PDF). Le Principali Società Italiane (in Italian). Mediobanca. 24 October 2007. ISSN   1721-274X . Retrieved 13 February 2017.
  14. ↑ "АО "АТФБанк"". www.atfbank.kz (in Russian). Retrieved 2017-11-07.
  15. ↑ "UniCredit in Talks to Sell Stake in Kazakhstan's ATF Bank". The Gazette of Central Asia. Satrapia. 18 November 2012.
  16. ↑ Unicredit stopped banking services in Latvia, Baltic Legal
  17. ↑ "UniCredit Posts Record Loss, Plans 8,500 Job Cuts". Bloomberg. 11 March 2014.
  18. ↑ "European banks have $3 trln of exposure to emerging markets". Reuters. 3 February 2014.
  19. ↑ "Santander, UniCredit Agree to Combine Asset Management Units". Bloomberg. 23 April 2015.
  20. ↑ "UniCredit successfully concludes agreement to sell Pioneer Investments to Amundi". UniCredit. 12 December 2016. Retrieved 16 December 2016.
  21. ↑ "UniCredit comunica di aver raggiunto un'intesa per la cessione di un portafoglio di crediti in sofferenza derivanti da contratti di credito al consumo, prestiti personali e scoperti di conto corrente" [UniCredit announces to have reached an agreement on the sale of a non performing consumer, overdrafts and personal loans credit portfolio]. UniCredit. 30 June 2015. Retrieved 16 April 2016.
  22. ↑ "UniCredit annuncia di aver raggiunto un accordo per la cessione di due portafogli di crediti in sofferenza del segmento PMI" [UniCredit announces it has reached an agreement on the sale of two Italian SME non performing exposure portfolios]. UniCredit. 17 December 2015. Retrieved 16 April 2016.
  23. ↑ "UniCredit comunica di aver raggiunto un'intesa per la cessione di un portafoglio di crediti in sofferenza derivanti da contratti di credito al consumo, prestiti personali e scoperti di conto corrente" [UniCredit announces to have reached an agreement on the sale of a non performing consumer, overdrafts and personal loans credit portfolio]. UniCredit. 13 April 2016. Retrieved 16 April 2016.
  24. ↑ "UniCredit signs two agreements for the disposal of a €17.7 billion Italian NPL portfolio". UniCredit. 13 December 2016. Retrieved 16 December 2016.
  25. ↑ "UniCredit Banka Slovenia sells non-performing credit portfolio to B2 KAPITAL". UniCredit. 21 December 2016. Retrieved 21 December 2016.
  26. ↑ "UniCredit Bulbank (Bulgaria) sells non performing credit portfolio to Debt collection agency EAD (DCA), the Bulgarian subsidiary of B2Holding ASA". UniCredit. 17 January 2017. Retrieved 13 February 2017.
  27. ↑ "UniCredit e affiliate di Fortress insieme a Prelios hanno perfezionato la cessione di UCCMB, incluso un portafoglio di sofferenze pari a €ca. 2,4 mld" [UniCredit and affiliates of Fortress together with Prelios finalize the sale of UCCMB, including c. €2.4bn non-performing loans]. UniCredit. 30 October 2015. Retrieved 16 April 2016.
  28. ↑ "UniCredit e affiliate di Fortress insieme a Prelios sottoscrivono l'accordo per la cessione di UCCMB, incluso un portafoglio di sofferenze pari a €ca. 2,4 mld" [UniCredit and affiliates of Fortress together with Prelios reach the agreement on the sale of UCCMB, including c. €2.4bn non-performing loans]. UniCredit. 12 February 2015. Retrieved 16 April 2016.
  29. 1 2 "2015 Annual Report" (PDF). UniCredit. 20 April 2016. Retrieved 24 December 2016.
  30. ↑ "UniCredit and SIA finalize the sale of card processing activities in Italy, Germany and Austria". UniCredit. 27 December 2016. Retrieved 13 February 2017.
  31. ↑ "UniCredit Group well above the specific capital requirements set by ECB". UniCredit. 10 December 2015. Retrieved 16 December 2016.
  32. 1 2 3 "UniCredit specific capital requirements set by Ecb". UniCredit. 12 December 2016. Retrieved 16 December 2016.
  33. ↑ "UniCredit: 2016–2019 Strategic Plan". UniCredit. 13 December 2016. Retrieved 16 December 2016.
  34. ↑ "2016 EU-WIDE STRESS TEST Results" (PDF). European Banking Authority. 29 July 2016. Retrieved 30 July 2016.
  35. ↑ "Reverse stock split of ordinary and savings shares". UniCredit. 17 January 2017. Retrieved 19 January 2017.
  36. ↑ Hale, Thomas (April 6, 2017). "Italy's UniCredit issues its first bond in the US in a decade". Financial Times . Retrieved April 9, 2017.
  37. 1 2 "UniCredit Shareholders approve the corporate governance amendments proposed by the Board of Directors" (Press release). UniCredit. 4 December 2017. Retrieved 15 December 2017.
  38. ↑ Za, Valentina; Papadimas, Lefteris (2023-10-23). "UniCredit to acquire stake in Greek bank Alpha in Romania deal". Reuters. Retrieved 2023-10-24.
  39. ↑ "UniCredit buys Commerzbank stake from Berlin in breakthrough deal". 11 September 2024.
  40. ↑ "UniCredit lifts stake in Commerzbank to 21%". 23 September 2024.
  41. ↑ "Conto Corrente: canone zero, assistenza 24/7 da App". buddybank (in Italian). Archived from the original on 2024-02-22. Retrieved 2021-08-15.
  42. ↑ "Buddybank_GuidaServizioOnline.pdf.pdf" (PDF). buddybank (in Italian). Archived from the original (PDF) on 2021-07-09. Retrieved 2021-08-15.
  43. ↑ "General company information". UniCredit Group. Retrieved 30 July 2010.
  44. ↑ Brüggmann, Mathias (19 April 2013). "Wirtschaft fördert den Ost-Ruck". Handelsblatt (in German). p. 8. Kern der Debatte ist die Schaffung eines 'gemeinsamen europäischen Wirtschaftsraums von Lissabon bis Wladiwostok'
  45. ↑ "UniCredit Weighs Russia Exit as Bankers' Pull-Back Gathers Pace". Bloomberg.com. 2022-03-15. Retrieved 2023-05-12.
  46. ↑ "UniCredit зарезервував більше 1 мільярда євро на можливі втрати у РФ: шукає варіанти виходу з країни". Економічна правда (in Ukrainian). Retrieved 2023-05-12.
  47. ↑ "UniCredit books €1.3bn provision on Russia exposure". Financial Times. 2022-05-05. Retrieved 2023-05-12.
  48. ↑ "Western banks explore asset swaps as a way of exiting Russia". Financial Times. 2022-05-15. Retrieved 2023-05-12.
  49. ↑ "Австрійський банк Raiffeisen та італійський UniCredit продовжують заробляти в Росії, але тиск на них посилився, – Reuters". LB.ua. 13 February 2023. Retrieved 2023-05-12.
  50. ↑ "Our Worldwide Presence" . Retrieved 2024-01-28.
  51. ↑ "Raiffeisen Bank і UniCredit, які залишилися в росії, змушені списувати кредити загиблим військовим рф". Mind.ua (in Ukrainian). Retrieved 2023-05-12.
  52. ↑ "Russian court seizes two European banks' assets amid Western sanctions". Al-Jazeera. Retrieved 24 May 2024.
  53. ↑ "UniCredit усомнился в праве ЕЦБ ограничивать его бизнес в России". RBC (in Russian). 2024-08-16.
  54. ↑ "Shareholders structure".
  55. ↑ "Azionisti rilevanti di UNICREDIT SPA". CONSOB. 7 November 2017. Retrieved 9 November 2017.
  56. ↑ "Azionisti rilevanti di UNICREDIT SPA: Situazione al 31/12/2015". CONSOB. 31 December 2015. Retrieved 24 December 2016.
  57. ↑ "Press Release, 11 March 2011". UniCredit Group. 2011. Archived from the original on 2014-04-07. Retrieved 2 April 2014.
  58. ↑ "2015 Bilancio" [2015 Annual Report](PDF) (in Italian). Fondazione Roma. 18 May 2016. Retrieved 24 December 2016.
  59. ↑ "2015 Report Integrato" [2015 Integrated Report](PDF) (in Italian). Fondazione Manodori. 2 May 2016. Retrieved 24 December 2016.
  60. ↑ "2014 Annual Report" (PDF). UniCredit. 27 July 2015. Retrieved 24 December 2016.
  61. ↑ "UniCredit renews its UEFA Champions League sponsorship and becomes a new partner of the UEFA Europa League". UEFA. 5 June 2015. Retrieved 5 June 2018.
  1. ↑ https://www.portfolio.hu/bank/20230911/megerkezett-a-friss-banki-rangsor-a-te-bankod-hanyadik-a-listan-639023
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.