Commercial Banks
Company Overview of UniCredit Bank
Company Overview
Prechistenskaya naberezhnaya 9
Moscow, 119034
Russia
Founded in 1989
Key Executives for UniCredit Bank
UniCredit Bank Key Developments
UniCredit Bank reported consolidated earnings results for the year ended December 31, 2012. For the period, the company reported net profit of RUB 17.48 billion which means RUB 1.69 billion increases over the previous year results or +10.7% year over year. Significant contribution to the increase in net profit came due to the growth in net income from financial activities totaled RUB 33.34 billion compared to RUB 3.22 billion in 2011. Operating income was RUB 36.13 billion compared to RUB 3.34 billion a year ago. Net interest income was RUB 23.26 billion compared to RUB 1.49 billion in 2011.
UniCredit Bank has decided to rationalize its operations in the Baltics by closing its branches in Estonia and Lithuania and centralizing its operations in Latvia. The bank's Baltic headquarters will remain in Riga. The centralization process will be completed later this year when the bank's branches in Estonia and Lithuania will be shut down. At the moment, the bank operates a Baltic headquarters in Riga, as well as two branches in Vilnius and Tallinn, as well as two client service centers in Klaipeda and Kaunas. The new centralized structure will continue to service its clients throughout the Baltics.
UniCredit Bank is seeking to sell its portfolio of overdue credit card debts. UniCredit Bank also planned to sell its portfolio of overdue credit card debts worth about RUB 2 billion in spring 2012 but later froze the sale of the portfolio to collection agencies. "We did hold consultations with certain banks about the purchase of the overdue loan portfolio, and we received such proposals," Mikhail Alekseev, Chairman of UniCredit Bank's Management Board Mikhail Alekseev. He refused to comment on the course of the negotiations and disclose names of these banks. According to Kommersant sources, UniCredit Bank submitted a proposal to Sentinel Credit Management but no specific agreements have been reached so far. Sentinel Credit Management denied comments.
Similar Private Companies By Industry
| Company Name | Region |
| Moscow Petrochemical Bank | Europe |
| SEB Bank JSC | Europe |
| Zenit Sochi Bank | Europe |
| Joint-Stock Company Vyborg-Bank | Europe |
| Agroinvestment Commercial Bank | Europe |
Recent Private Companies Transactions
| Type Date |
Target |
|
Merger/Acquisition
July 20, 2012 |
Open Joint Stock Company Moscow Exchange MICEX-RTS |
|
Private Placement
July 12, 2012 |
-- |
|
Merger/Acquisition
June 26, 2012 |
Open Joint Stock Company Moscow Exchange MICEX-RTS |
Most Searched Private Companies
| Company Name | Geographic Region |
| NYC2012, Inc. | United States |
| Bertelsmann AG | Europe |
| Lawyers Committee for Civil Rights Under Law | United States |
| Rush University | United States |
| Citizens Budget Commission | United States |
Post a JobJobs
- Superior, CO | Colorado Business BankPosted: May 20
- Richmond, VA | AdeccoPosted: Apr 10
- Phoenix, AZ | Bank of MontrealPosted: May 22
- North Adams, MA | NBT BancorpPosted: May 21
Sponsored Financial Commentaries
Sponsored Links
To contact UniCredit Bank, please visit www.unicreditbank.ru. Company data is provided by Capital IQ. Please use this form to report any data issues.
Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.
