UniCredit S.p.A. is an international banking group headquartered in

Milan Milan ( , , Lombard: ; it, Milano ) is a city in northern Italy, capital of Lombardy, and the second-most populous city proper in Italy after Rome. The city proper has a population of about 1.4 million, while its metropolitan city ...

. It is Italy's only systemically important bank (according to the list provided by the

Financial Stability Board The Financial Stability Board (FSB) is an international body that monitors and makes recommendations about the global financial system. It was established after the G20 London summit in April 2009 as a successor to the Financial Stability For ...

in 2022) and the world's 34th largest by assets. It was formed through the merger of Credito Italiano and Unicredito in 1998 but has a corporate identity stretching back to its first foundation in 1870 as Banca di Genova. UniCredit is listed on the Milan and Frankfurt stock exchanges, is a constituent stock of the Euro Stoxx 50 index of leading shares. With

corporate A corporation is an organization—usually a group of people or a company—authorized by the state to act as a single entity (a legal entity recognized by private and public law "born out of statute"; a legal person in legal context) and r ...

investment banking Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with ...

commercial banking A commercial bank is a financial institution which accepts deposits from the public and gives loans for the purposes of consumption and investment to make profit. It can also refer to a bank, or a division of a large bank, which deals with c ...

and

wealth management Wealth management (WM) or wealth management advisory (WMA) is an investment advisory service that provides financial management and wealth advisory services to a wide array of clients ranging from affluent to high-net-worth (HNW) and ultra-high ...

operations, Unicredit is a

pan-European Pan-European can refer to: * Pan-European identity * Pan-European corridors ** Pan-European Corridor X ** Pan-European Corridor Xa * Pan European Game Information * Pan-European Institute * Pan-European nationalism * Pan-European Oil Pipeli ...

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 and eleven Central and Eastern European countries.

History

Founding through mergers and growth (1998–2006)

UniCredit Group was the outcome of the 1998 merger of several Italian banking groups, which the majority one were Unicredito (banks from

Turin Turin ( , Piedmontese language, Piedmontese: ; it, Torino ) is a city and an important business and cultural centre in Northern Italy. It is the capital city of Piedmont and of the Metropolitan City of Turin, and was the first Italian capital ...

Verona Verona ( , ; vec, Verona or ) is a city on the Adige River in Veneto, Italy, with 258,031 inhabitants. It is one of the seven provincial capitals of the region. It is the largest city municipality in the region and the second largest in nor ...

and

Treviso Treviso ( , ; vec, Trevixo) is a city and '' comune'' in the Veneto region of northern Italy. It is the capital of the province of Treviso and the municipality has 84,669 inhabitants (as of September 2017). Some 3,000 live within the Vene ...

) and Credito Italiano (consists of

Rolo Banca Rolo (pronounced /ˈrəʊləʊ/), referring to the roll-styled chocolates, is a brand of truncated cone-shaped or conical frustum-shaped chocolates with a caramel inside. First manufactured in Norwich, Norfolk in the United Kingdom by Mackintosh ...

Banca Popolare di Rieti Banca may refer to: Places * Bangka Island, an island lying east of Sumatra, part of Indonesia * Banca, Pyrénées-Atlantiques, a commune of the Pyrénées-Atlantiques ''département'', France * Banca, Tasmania, a locality in Tasmania, Australia * ...

), hence the name Unicredito Italiano. Credito Italiano issued about 38.46% new shares to the owners of Unicredito, and renamed itself to Unicredito Italiano. Other banks such as

Banca dell'Umbria 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 ...

, Cassa di Risparmio di Carpi, Cassa di Risparmio di Trento e Rovereto (Caritro),

Cassa di Risparmio di Trieste Cassa di Risparmio di Trieste was an Italian savings bank headquartered in Trieste that operated between 1842 and 2002. In 1992, as part of the Italian government restructuring of public credit institutions, known as the , the bank was split in ...

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 Bank Polska Kasa Opieki Spółka Akcyjna, commonly using the shorter name Bank Pekao S.A., is a universal bank and currently the second largest bank in Poland with its headquarters in Warsaw. The Italian bank UniCredit used to own 59% of the comp ...

. On 30 June 2002, UniCredit started its S3 project which merged 7 of their bank network:

, Banca CRT, Cariverona Banca, Cassamarca, Cassa di Risparmio di Trento e Rovereto and

into Credito Italiano, and Credito Italiano was renamed into UniCredit Banca. 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 Bank Medici was a bank based in Vienna, Austria. It was founded in 1994 by banker Sonja Kohn and incorporated as a bank in 2003. Bank Medici's president and majority stakeholder was Sonja Kohn. Its main institutional shareholder was Bank Austri ...

AG. Bank Medici was

Thema Fund Thema International Fund PLC, based in Dublin, Ireland, is a Dublin-listed, Undertakings for Collective Investment in Transferable Securities (UCITS) III-certified, open-end fund incorporated in Ireland, which was launched in December 1996. It ...

investment manager Investment management is the professional asset management of various securities, including shareholdings, bonds, and other assets, such as real estate, to meet specified investment goals for the benefit of investors. Investors may be instituti ...

. In return for finding investors, Bank Medici collected fees of 4.6 million

euro The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...

s from

Thema International Fund Thema International Fund PLC, based in Dublin, Ireland, is a Dublin-listed, Undertakings for Collective Investment in Transferable Securities (UCITS) III-certified, open-end fund incorporated in Ireland, which was launched in December 1996. It ...

in 2007. Following the news that Bank Medici had invested US$2 billion with

Bernard Madoff Bernard Lawrence Madoff ( ; April 29, 1938April 14, 2021) was an American fraudster and financier who was the admitted mastermind of the largest Ponzi scheme in history, worth about $64.8 billion. He was at one time chairman of the NASDAQ ...

, officials in Vienna appointed a supervisor to run the private bank, raising questions about control of the sprawling group. On 30 June 2005

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 Société Générale S.A. (), colloquially known in English as SocGen (), is a French-based multinational financial services company founded in 1864, registered in downtown Paris and headquartered nearby in La Défense. Société Générale ...

for €579.3 million. In 2006, minority interests in the savings banks of Bra (31.021%),

Fossano Fossano ( pms, Fossan) is a town and ''comune'' of Piedmont, northern Italy. It is the fourth largest town of the Province of Cuneo, after Cuneo, Alba and Bra. It lies on the main railway line from Turin to Cuneo and to Savona, and has a branch li ...

(23.077%),

Saluzzo Saluzzo (; pms, Salusse ) is a town and former principality in the province of Cuneo, in the Piedmont region, Italy. The city of Saluzzo is built on a hill overlooking a vast, well-cultivated plain. Iron, lead, silver, marble, slate etc. are fo ...

(31.019%) and Savigliano (31.006%) were sold for about €149 million to Banca Popolare dell'Emilia Romagna.

Acquisition of Capitalia and recent history (2007–2017)

In 2007, in combination with the Capitalia Group, the fourth-largest Italian banking group (by total assets in 2006;

Sanpaolo IMI Sanpaolo IMI S.p.A. was an Italian banking and insurance conglomerate, based in Turin. It employed about 44,000 people and had about 7 million customers. On 24 August 2006 a merger with Banca Intesa was announced, which on 1 December 2006 was app ...

and Banca Intesa were counted as one entity as the banks also merged in 2007); UniCredit Group consolidated and strengthened its position, but added considerably to its overhead costs. 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 The Bureau of Alcohol, Tobacco, Firearms and Explosives (BATFE), commonly referred to as the ATF, is a domestic law enforcement agency within the United States Department of Justice. Its responsibilities include the investigation and prevent ...

, which ranks fifth out of domestic banks in

Kazakhstan Kazakhstan, officially the Republic of Kazakhstan, is a transcontinental country located mainly in Central Asia and partly in Eastern Europe. It borders Russia to the north and west, China to the east, Kyrgyzstan to the southeast, Uzbeki ...

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. In 2010, UniCredit S.p.A. absorbed its Italian banking subsidiaries:

UniCredit Banca UniCredit Banca S.p.A. was the retail banking division of UniCredit Group. On 1 July 2002, Rolo Banca, Banca CRT, Cariverona Banca, Cassamarca, Cassa di Risparmio di Trento e Rovereto and Cassa di Risparmio di Trieste were merged into Credi ...

, Banca di Roma and

Banco di Sicilia Banco di Sicilia was an Italian bank based in Palermo, Sicily. It was a subsidiary of UniCredit but absorbed into the parent company in 2010. History It was founded as ''Banco Regio dei Reali Domini al di là del Faro'' in 1849 and was renamed i ...

. In 2013 UniCredit Finance reported that they would no longer provide banking services in Latvia. 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. UniCredit is one of the 6 European banks which are currently most exposed to potential problems in the emerging markets. 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. The accord created a holding company called Pioneer Investments that is 50 percent owned by UniCredit and 50 percent held by the U.S. buyout firms Warburg Pincus LLC and General Atlantic LLC. The holding firm owns Pioneer's U.S. business and controls combined operations of UniCredit's Pioneer, excluding its U.S. activities, and Santander Asset Management. The two lenders hold each one-third of the new combined business, while Warburg Pincus and General Atlantic owns the rest. 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. From June 2015 to January 2017 UniCredit sold its NPLs that was doubtful to collect (''sofferenze'') to various investors, namely

PRA Group PRA Group, Inc. is a publicly traded global debt buyer based in Norfolk, Virginia. PRA Group was listed in the Federal Trade Commission's 2013 Report on the Debt Buying Industry as one of the top five debt buyers in the US. According to SEC filing ...

Europe (€625 million gross), a fund managed by Cerberus Capital Management (€100 million gross), a US fund (€150 million gross),

AnaCap Financial Partners AnaCap Financial Partners is a private equity firm advising funds that invest in the European financial services sector. History AnaCap Financial Partners was founded in 2005. The firm launched its debut fund in 2006, when it raised €300 million ...

(€420 million gross), Fortress Investment Group and

PIMCO PIMCO (Pacific Investment Management Company, LLC) is an American investment management firm focusing on active fixed income management worldwide. PIMCO manages investments in many asset classes such as fixed income, equities, commodities, a ...

(€17.7 billion gross; UniCredit retained a minority stake in the

securitization Securitization is the financial practice of pooling various types of contractual debt such as residential mortgages, commercial mortgages, auto loans or credit card debt obligations (or other non-debt assets which generate receivables) and selling ...

SPV),

B2 Kapital B, or b, is the second letter of the Latin-script alphabet, used in the modern English alphabet, the alphabets of other western European languages and others worldwide. Its name in English is ''bee'' (pronounced ), plural ''bees''. It rep ...

(€110 million in gross from Slovenian subsidiary) and

B2Holding B, or b, is the second letter of the Latin-script alphabet, used in the modern English alphabet, the alphabets of other western European languages and others worldwide. Its name in English is ''bee'' (pronounced ), plural ''bees''. It rep ...

(€93 million from

UniCredit Bulbank UniCredit Bulbank is the largest bank of Bulgaria. Before 1994, the bank was known as the Bulgarian Foreign Trade Bank or BFTB. UniCredit Bulbank was formed in 2007 as a merger between Bulbank, Biochim, and Hebros Bank, all of them owned by the U ...

). 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. 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). In December 2016 UniCredit sold Polish bank

. UniCredit had already sold part of the stake in

FinecoBank FinecoBank S.p.A., known as FinecoBank or just Fineco is an Italian bank that specializes in online brokerage. Launched in 1999 with its Fineco Online service for retail traders, Fineco became a listed company in 2014 and has been independent fro ...

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. On 13 December 2016, despite the annual

European Central Bank The European Central Bank (ECB) is the prime component of the monetary Eurosystem and the European System of Central Banks (ESCB) as well as one of seven institutions of the European Union. It is one of the world's most important centra ...

(ECB) Supervisory Review and Evaluation Process (SREP) lowed the CET1 ratio (transitional basis) requirement of UniCredit from 9.75% to 8.75%, 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. In the

2016 European Union bank stress test The European Union-wide Bank stress tests, banking stress test 2016 was conducted by the European Banking Authority (EBA) in order to assess the resilience of financial institutions in the European Union to a hypothetical adverse market scenario. Th ...

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 Banca Monte dei Paschi di Siena S.p.A. (), known as BMPS or just MPS, is an Italian bank. Tracing its history to a mount of piety founded in 1472 () and established in its present form in 1624 (), it is the world's oldest or second oldest bank ...

). 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. Moreover, the pillar 2 guidance: the additional capital that ECB suggested the bank to keep, was remained confidential. In January 2017 10 old ordinary shares were combined into 1 new ordinary share, as well as bearer savings share and registered savings share. On April 6, 2017, UniCredit issued its first bond in the United States in a decade. 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 ( it, 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.

Geography

The company has its registered office and

general management A general manager (GM) is an executive who has overall responsibility for managing both the revenue and cost elements of a company's income statement, known as profit & loss (P&L) responsibility. A general manager usually oversees most or all of ...

. The registered office was located in Rome from the date of the merger with Capitalia in 2007, and relocated back to Milan in 2017. The registered office was located in Genoa from 1999 to 2007. UniCredit's core markets are

Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical ...

Germany Germany,, officially the Federal Republic of Germany, is a country in Central Europe. It is the second most populous country in Europe after Russia, and the most populous member state of the European Union. Germany is situated betwee ...

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 ...

Bosnia and Herzegovina Bosnia and Herzegovina ( sh, / , ), abbreviated BiH () or B&H, sometimes called Bosnia–Herzegovina and often known informally as Bosnia, is a country at the crossroads of south and southeast Europe, located in the Balkans. Bosnia and ...

Bulgaria Bulgaria (; bg, България, Bǎlgariya), officially the Republic of Bulgaria,, ) is a country in Southeast Europe. It is situated on the eastern flank of the Balkans, and is bordered by Romania to the north, Serbia and North Macedo ...

Croatia , image_flag = Flag of Croatia.svg , image_coat = Coat of arms of Croatia.svg , anthem = " Lijepa naša domovino"("Our Beautiful Homeland") , image_map = , map_caption = , capi ...

Czech Republic The Czech Republic, or simply Czechia, is a landlocked country in Central Europe. Historically known as Bohemia, it is bordered by Austria to the south, Germany to the west, Poland to the northeast, and Slovakia to the southeast. The ...

Hungary Hungary ( hu, Magyarország ) is a landlocked country in Central Europe. Spanning of the Carpathian Basin, it is bordered by Slovakia to the north, Ukraine to the northeast, Romania to the east and southeast, Serbia to the south, Cr ...

Serbia Serbia (, ; Serbian: , , ), officially the Republic of Serbia ( Serbian: , , ), is a landlocked country in Southeastern and Central Europe, situated at the crossroads of the Pannonian Basin and the Balkans. It shares land borders with Hu ...

Slovakia Slovakia (; sk, Slovensko ), officially the Slovak Republic ( sk, Slovenská republika, links=no ), is a landlocked country in Central Europe. It is bordered by Poland to the north, Ukraine to the east, Hungary to the south, Austria to the ...

Slovenia Slovenia ( ; sl, Slovenija ), officially the Republic of Slovenia (Slovene: , abbr.: ''RS''), is a country in Central Europe. It is bordered by Italy to the west, Austria to the north, Hungary to the northeast, Croatia to the southeast, and ...

Romania Romania ( ; ro, România ) is a country located at the crossroads of Central Europe, Central, Eastern Europe, Eastern, and Southeast Europe, Southeastern Europe. It borders Bulgaria to the south, Ukraine to the north, Hungary to the west, S ...

, and

Russia Russia (, , ), or the Russian Federation, is a transcontinental country spanning Eastern Europe and Northern Asia. It is the largest country in the world, with its internationally recognised territory covering , and encompassing one-ei ...

. In 2022, the group announced its intention to leave Russia and is trying to get permission from the Central Bank to sell the business. UniCredit Corporate &

Investment banking Investment banking pertains to certain activities of a financial services company or a corporate division that consist in advisory-based financial transactions on behalf of individuals, corporations, and governments. Traditionally associated with ...

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 New York, often called New York City or NYC, is the List of United States cities by population, most populous city in the United States. With a 2020 population of 8,804,190 distributed over , New York City is also the L ...

London London is the capital and List of urban areas in the United Kingdom, largest city of England and the United Kingdom, with a population of just under 9 million. It stands on the River Thames in south-east England at the head of a estuary dow ...

Hong Kong Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a List of cities in China, city and Special administrative regions of China, special ...

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bor ...

Tokyo Tokyo (; ja, 東京, , ), officially the Tokyo Metropolis ( ja, 東京都, label=none, ), is the capital and largest city of Japan. Formerly known as Edo, its metropolitan area () is the most populous in the world, with an estimated 37.46 ...

Shanghai Shanghai (; , , Standard Chinese, Standard Mandarin pronunciation: ) is one of the four Direct-administered municipalities of China, direct-administered municipalities of the China, People's Republic of China (PRC). The city is located on the ...

Munich Munich ( ; german: München ; bar, Minga ) is the capital and most populous city of the German state of Bavaria. With a population of 1,558,395 inhabitants as of 31 July 2020, it is the third-largest city in Germany, after Berlin and ...

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

Budapest Budapest (, ; ) is the capital and most populous city of Hungary. It is the ninth-largest city in the European Union by population within city limits and the second-largest city on the Danube river; the city has an estimated population o ...

Prague Prague ( ; cs, Praha ; german: Prag, ; la, Praga) is the capital and largest city in the Czech Republic, and the historical capital of Bohemia. On the Vltava river, Prague is home to about 1.3 million people. The city has a temperate ...

, 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 and the Federal State of

Berlin Berlin ( , ) is the capital and largest city of Germany by both area and population. Its 3.7 million inhabitants make it the European Union's most populous city, according to population within city limits. One of Germany's sixteen constitu ...

to host the

east forum Berlin Every year, the east forum Berlin brings together opinion leaders from the political and business worlds in the East and the West to discuss challenges and opportunities faced by the economic area from Lisbon to Vladivostok and beyond. It was fo ...

. File:Moorhouse, City of London.jpg, UniCredit Head Office in

Moor House Moor House is a large office building on London Wall in the City of London. It is located on the northern edge of the financial district and is one of the largest buildings in the area, standing tall and with 29,000 square metres of floor spac ...

in the

City of London The City of London is a city, ceremonial county and local government district that contains the historic centre and constitutes, alongside Canary Wharf, the primary central business district (CBD) of London. It constituted most of London f ...

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Europe, off the north-western coast of the continental mainland. It comprises England, Scotland, Wales and ...

File:Vilnius2471.JPG, UniCredit in

Vilnius Vilnius ( , ; see also other names) is the capital and largest city of Lithuania, with a population of 592,389 (according to the state register) or 625,107 (according to the municipality of Vilnius). The population of Vilnius's functional urba ...

Lithuania Lithuania (; lt, Lietuva ), officially the Republic of Lithuania ( lt, Lietuvos Respublika, links=no ), is a country in the Baltic region of Europe. It is one of three Baltic states and lies on the eastern shore of the Baltic Sea. Lithuania ...

File:Centrála UniCredit Bank v Praze.jpg, UniCredit Bank in

File:Cladire UniCredit 2018.jpg, UniCredit Bank Romania in

Bucharest Bucharest ( , ; ro, București ) is the capital and largest city of Romania, as well as its cultural, industrial, and financial centre. It is located in the southeast of the country, on the banks of the Dâmbovița River, less than north o ...

File:Sofia Center, 1000 Sofia, Bulgaria - panoramio (62).jpg, UniCredit Bulbank in

Sofia Sofia ( ; bg, София, Sofiya, ) is the capital and largest city of Bulgaria. It is situated in the Sofia Valley at the foot of the Vitosha mountain in the western parts of the country. The city is built west of the Iskar river, and h ...

File:Verwaltungsgebäude der Bank Austria.jpg, Bank Austria in

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

File:Hypo-Haus 03-10-28-012.jpg, HypoVereinsbank in

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): * BlackRock Group 5.075% * Capital Research and Management Company 5.022% - of which on behalf of EuroPacific Growth Fund 3.503% * Norges Bank 3.011% * ATIC Second International Investment Company LLC 2.016% * Delfin S.a.r.l. 1.925% * Fondazione Cassa di Risparmio di Ve-Vi-Bl e An 1.792% * Fondazione Cassa di Risparmio di Torino 1.643% * Allianz SE Group 1.255% In addition,

Fondazione Cariverona 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. History Due to the , a law that required b ...

Fondazione Cassa di Risparmio di Torino Fondazione Cassa di Risparmio di Torino (Fondazione CRT) is a charity organization formed in 1991 by the spin off of the bank activities Cassa di Risparmio di Torino into Banca CRT S.p.A. (a limited company), with the original statutory corporation ...

, the owners of the predecessors of UniCredit, as well as foreign sovereign wealth fund (and other government entity):

Central Bank of Libya The Central Bank of Libya (CBL) is the monetary authority in Libya. It has the status of an autonomous corporate body. The law establishing the CBL stipulates that the objectives of the central bank shall be to maintain monetary stability in Liby ...

(and its subsidiary

Libyan Foreign Bank Libyan Foreign Bank (LFB) was established in 1972 in Tripoli, Libya as Libyan Arab Foreign Bank; it was renamed Libyan Foreign Bank in 2005. It was Libya's first offshore banking institution licensed to operate internationally. The Central Bank of ...

) 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). 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. Carimonte Holding, the joint venture of Fondazione Carimodena and Fondazione del Monte di Bologna e Ravenna, owned 2.115% stake of UniCredit in 2014. Other known shareholders were

Fondazione Cassamarca Cassa di Risparmio della Marca Trivigiana also known as Cassamarca in short, was an Italian savings bank headquartered in Treviso, Veneto. Due to , the bank was split into two organizations: Cassamarca S.p.A. and Fondazione Cassamarca – Cassa di ...

(0.23% at 31 December 2016) and

Fondazione CRTrieste Cassa di Risparmio di Trieste was an Italian savings bank headquartered in Trieste that operated between 1842 and 2002. In 1992, as part of the Italian government restructuring of public credit institutions, known as the , the bank was split in ...

(0.282% at 31 December 2016), which were the former owner of UniCredit's predecessors.

Subsidiaries

* Bank Austria (Austria) * HypoVereinsbank (Germany) *

UniCredit Bank Czech Republic and Slovakia UniCredit Bank Czech Republic and Slovakia a.s., is a Czech and Slovak bank based in Prague, the capital of the Czech Republic. The bank was a subsidiary of Italy-based UniCredit Group for 99.96% stake. History UniCredit Bank Czech Republic and Sl ...

(Czech Republic, Slovakia) * UniCredit Bank Ireland (Republic of Ireland) * UniCredit Bank Hungary (Hungary) *

UniCredit Bank Romania UniCredit Bank is a leading European Bank, a member of UniCredit Group, with a network of 8,500 branches in 17 European countries and it is present in another 50 international markets Being one of the top 5 banks on the Romanian market, UniCredit ...

(Romania) *

UniCredit Bank Russia AO UniCredit Bank is a Russian bank headquartered in Moscow. It was a wholly owned subsidiary of Italy-based UniCredit Group. History ZAO International Moscow Bank (IMB) was founded on 19 October 1989. In 2005, Bank Austria along with its pare ...

(Russia) *

UniCredit Bank Serbia UniCredit Bank Serbia ( sr, UniCredit Bank Srbija a.d. Beograd) is a bank founded in 2001, headquartered in Belgrade, Serbia. It is part of the Italian banking group UniCredit, which owns 100% stake in the bank. As of 31 December 2019, the bank ha ...

(Serbia) *

UniCredit Bank Slovenia UniCredit Bank Slovenia ( sl, UniCredit Banka Slovenija) is a Slovenian bank, which was a subsidiary of Italy-based UniCredit Group. According to the bank, UniCredit Bank Slovenia had a market share of 7.6% in Slovenia, in terms of total loans as o ...

(Slovenia) *

(Bulgaria) * UniCredit Corporate & Investment Banking (Italy) * UniCredit International Bank Luxembourg (Luxembourg) * UniCredit Leasing (Italy) *

Zagrebačka banka Zagrebačka banka d.d. is the largest bank in Croatia, owned by UniCredit group of Italy. It was the first Croatian bank to become fully privatised in 1989 and the first one to be listed at the Zagreb Stock Exchange in 1995. It is one of 24 compa ...

(Croatia) * UniCredit

Mostar , settlement_type = City , image_skyline = Mostar (collage image).jpg , image_caption = From top, left to right: A panoramic view of the heritage town site and the Neretva river from Lučki Bridge, Koski Mehmed Pasha ...

, UniCredit Bank

Banja Luka Banja Luka ( sr-Cyrl, Бања Лука, ) or Banjaluka ( sr-Cyrl, Бањалука, ) is the second largest city in Bosnia and Herzegovina and the largest city of Republika Srpska. Banja Luka is also the ''de facto'' capital of this entity. ...

(Bosnia and Herzegovina)

Former Subsidiaries

* YapıKredi (Turkey) (2006–2020)

Sponsorship

UniCredit Group had sponsored tennis tournaments

Czech Open Czech Open is a name given to many sports events in the Czech Republic, including: *Czech International, a badminton tournament formerly known as the Czech Open * Czech Open (darts), a BDO sanctioned darts tournament * Czech Open (floorball), a flo ...

Vienna Open The Vienna Open (currently sponsored by Erste Bank and called the Erste Bank Open) is a professional tennis tournament played on indoor hard courts. Originally an event of the Grand Prix tennis circuit (1974–1989), it is currently part of th ...

(by subsidiary Bank Austria), golf tournaments

Ladies German Open The Ladies German Open was a professional golf tournament on the Ladies European Tour The Ladies European Tour is a professional golf tour for women which was founded in 1978. It is based at Buckinghamshire Golf Club near London in England. Li ...

(by subsidiary HypoVereinsbank and UniCredit) and Austrian Open (by subsidiary Bank Austria). Until 2018 UniCredit was one of the

UEFA Champions League The UEFA Champions League (abbreviated as UCL, or sometimes, UEFA CL) is an annual club football competition organised by the Union of European Football Associations (UEFA) and contested by top-division European clubs, deciding the competi ...

's main sponsors.

References

External links

*
Information about the UniCredit Bank (in English)
{{Authority control Financial services companies established in 1998 Banks established in 1998 Banks of Italy Companies listed on the Borsa Italiana Companies listed on the Frankfurt Stock Exchange Companies listed on the Warsaw Stock Exchange Systemically important financial institutions Conglomerate companies of Italy Italian brands Multinational companies headquartered in Italy Banks under direct supervision of the European Central Bank Italian companies established in 1998