October 21, 2014 11:30 PM ET

Banks

Company Overview of UniCredit Bank AG

Company Overview

UniCredit Bank AG operates as a financial institution in Germany and internationally. The company’s Commercial Banking Business segment offers banking and insurance solutions for private banking clients and customers; and capital market solutions, portfolio solutions, advisory, finance, asset consolidation, and foundation consultancy services for small and medium-sized enterprises and wealth management customers. Its Corporate and Investment Banking Business segment provides investment banking; financing and advisory services; and portfolio and pricing management for managing leveraged, project, aircraft, and commodity finance transactions. This segment is also engaged in global transaction ...

Kardinal-Faulhaber-Strasse 1

Munich,  80333

Germany

18,574 Employees

Phone:

49 89 378 0

Key Executives for UniCredit Bank AG

Managing Director of HVB Bank
Chief Financial Officer and Member of the Management Board
Age: 50
Chief Risk Officer
Age: 50
Head of Business Segment Unternehmer Bank and Member of The Management Board
Age: 52
Managing Director of Business Segment Private Clients Bank and Member of Management Board
Age: 53
Compensation as of Fiscal Year 2014.

UniCredit Bank AG Key Developments

HypoVereinsbank Ready To Acquire Assets From Peers

UniCredit Bank AG (HypoVereinsbank) is ready to acquire assets that other lenders may have to divest following the bank health check currently being carried out by the European Central Bank. HypoVereinsbank’s Chief Executive Officer, Theodor Weimer said: "I would look at that. You do not have to generate every loan yourself if you can buy it somewhere." He did not categorically rule out acquiring ship loans, which have dragged down results of Commerzbank or HSH Nordbank.

HypoVereinsbank Signs Agreement with Central Works Council

HypoVereinsbank and the Central Works Council have agreed to a joint approach to implement the new strategy in the private client business, thus launching a comprehensive modernization of that business segment. The objective is to create a modern mix of classical branch offices and alternative advisory and service channels by the end of 2015, geared to customer behaviour and market demand, and utilise the technological possibilities opened up by the digital revolution. The Bank will be making substantial investments in the redesign of all locations, the expedited development of its multichannel offerings, further training for its advisors and stepped-up marketing activities. The modernization will be carried out in record time: Before the end of this year more than 80 Bank locations across Germany will be refurbished with a contemporary look and technology. Next year an additional 260 branches will be upgraded.

UniCredit Bank Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2014

UniCredit Bank reported earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company's net profit amounted to RUB 5.12 billion (approx. $143 million), a 17.86% rise year-on-year. For the six months, the company's net profit reached RUB 9.49 billion (approx. $265 million) in first half 2014, up 3.91% on the previous year.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
July 31, 2014
DAB Bank AG
Merger/Acquisition
December 6, 2013
Unicredit Bank AG, Private Equity Portfolio
 

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