AO UniCredit Bank is a Russian bank headquartered in Moscow. It was a wholly owned subsidiary of Italy-based

UniCredit Group UniCredit S.p.A. is an international banking group headquartered in Milan. It is Italy's only systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was fo ...

History

ZAO International Moscow Bank (IMB) was founded on 19 October 1989. In 2005, Bank Austria along with its parent company HypoVereinsbank was acquired by

. (Bank Austria remained as the direct parent company of the Russian bank until September 2016) In 2007, IMB was renamed as ZAO UniCredit Bank. In May 2013, the bank merged its own ATM network with the

Raiffeisenbank Raiffeisenbank refers to cooperative banks in Europe that are rooted in the early credit unions of Friedrich Wilhelm Raiffeisen. The name is found in: * Raiffeisen Bankengruppe (Austria), Austrian group of cooperative banks. ** Raiffeisen Zentra ...

ATM network. In 2014, the bank was registered as AO UniCredit Bank. In March 2019, UniCredit Bank topped the list of the most reliable banks in Russia according to

Forbes ''Forbes'' () is an American business magazine owned by Integrated Whale Media Investments and the Forbes family. Published eight times a year, it features articles on finance, industry, investing, and marketing topics. ''Forbes'' also r ...

experts, ahead of 99 other banks, including Raiffeisenbank.

The Owners

Until October 2016, 100% of the bank's voting shares belonged to UniCredit Bank Austria AG (

Vienna en, Viennese , iso_code = AT-9 , registration_plate = W , postal_code_type = Postal code , postal_code = , timezone = CET , utc_offset = +1 , timezone_DST ...

Austria Austria, , bar, Östareich officially the Republic of Austria, is a country in the southern part of Central Europe, lying in the Eastern Alps. It is a federation of nine states, one of which is the capital, Vienna, the most populous ...

), which is part of the Italian group

UniCredit UniCredit S.p.A. is an international banking group headquartered in Milan. It is Italy's only systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was fo ...

Activity

AO UniCredit Bank has a general banking license No. 1. The bank specializes in servicing corporate and private clients, corporate finance and treasury operations. The main focus is on lending to small and medium-sized enterprises; the retail services sector is developing less actively. As of the spring of 2011, the bank had 106 branches in Russia and a representative office in Belarus, over 985 thousand individual clients and more than 22.6 thousand corporate clients.

Performance indicators

In 2010, the bank's share in the Russian lending market was 2.18%, in the deposit market – 1.36%. The number of personnel in the spring of 2011 is 3.7 thousand people. Financial indicators of the bank as of December 31, 2011, following the results of 2011 in accordance with International Financial Reporting Standards (IFRS).

References

External links

* {{in lang, ru, en Banks established in 1989 1989 establishments in the Soviet Union Banks of Russia Banks of the Soviet Union Companies based in Moscow UniCredit subsidiaries Russian subsidiaries of foreign companies