UniCredit

UniCredit SpA is an Italy-based, pan-European banking organization, with aprox 40 million customers and operations in 22 countries. The company has its registered office in Rome and general management in Milan. 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. 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.
more