Company Overview of UniCredit Bank AG
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 ...
Key Executives for UniCredit Bank AG
Managing Director of HVB Bank
Chief Financial Officer and Member of the Management Board
Head of Business Segment Unternehmer Bank and Member of The Management Board
Managing Director of Business Segment Private Clients Bank and Member of Management Board
Compensation as of Fiscal Year 2014.
UniCredit Bank AG Key Developments
Societe Generale Reportedly Mulls Stake In DAB Bank
Jun 19 14
Societe Generale Group (ENXTPA:GLE) is eyeing a deal with UniCredit Bank AG to acquire stake in DAB Bank AG (XTRA:DRN), reported Manager Magazin. According to the reports, Societe Generale is mulling stake in DAB Bank. UniCredit Bank is pushing ahead with the sale of DAB Bank as UniCredit S.p.A. (BIT:UCG), parent of UniCredit Bank, seeks to restructure. The magazine added that in recent weeks, about 10 potential bidders have shown interest in DAB, including ING-DiBa AG, comdirect bank AG (XTRA:COM) and Cortal Consors S.A., as well as financial investors.
HVB Group Reports Consolidated Earnings Results for the First Quarter Ended March 31, 2014
May 26 14
HVB Group reported a consolidated earnings results for the first quarter ended March 31, 2014. For the quarter, the company reported profit attributable to shareholders of EUR 189 million or EUR 0.24 per diluted share compared to EUR 406 million, or EUR 0.51 per diluted share, for the same quarter ended March 31, 2013. Net interest income was EUR 669 million, compared to EUR 773 million for the same quarter ended March 31, 2013. Net income from investments was EUR 8 million, compared to EUR 68 million for the same quarter ended March 31, 2013. Profit before tax was EUR 296 million, compared to EUR 613 million for the same quarter ended March 31, 2013.
Hypovereinsbank Reports Earnings Results for the First-Quarter of 2014
May 14 14
Hypovereinsbank reported earnings results for the first-quarter of 2014. For the period, the company's pretax profit almost halved due to the difficult market environment which affected interest income in corporate and investment banking. Pretax profit of EUR 296 million for the first three months of the year, which was below its own forecast. The persistently low interest rates led to a 13.5% decrease in net interest income to EUR 669 million (USD 918 million).
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