Company Overview of Unicredit Bank Ireland plc
UniCredit Bank Ireland p.l.c provides various banking and financial services. It primarily provides various loan products to credit institutions, multinational companies, and sovereigns. The company offers credit and structured finance, including loans, bonds, securitization, and other forms of asset financing; and treasury products, such as money market, repos, eonia and other interest rate swaps, foreign exchange, and futures. It also issues certificates of deposits, structured notes, and commercial papers. The company was formerly known as UniCredito Italiano Bank (Ireland) p.l.c. and changed its name to UniCredit Bank Ireland p.l.c in December 2007. The company was incorporated in 1995 a...
La Touche House
International Financial Services Centre
Founded in 1995
Key Executives for Unicredit Bank Ireland plc
Managing Director, Company Secretary and Executive Director
Compensation as of Fiscal Year 2014.
Unicredit Bank Ireland plc Key Developments
Unicredit Bank Ireland plc Announces Financial Results for the Year Ended December 31, 2014
Feb 11 15
Unicredit Bank Ireland plc announced financial results for the year ended December 31, 2014. For the year, the company reported a net profit after tax of €74 million, 57% or €27 million increase compared with a net profit after tax of €47 million in 2013. The key drivers of this were net interest income in line with prior year despite the decrease in spreads and in reference rates during 2014. During the year ended 31 December 2014 net gains of €17.2 million were recorded for non-recurring items primarily in relation to the disposals of assets and reversal of the impairment on available for sale financial assets. The positive trend in relation to the revaluation reserve continued during the year with a further decrease of €70.9 million from negative €184.1 million at the beginning of the year to negative €113.2 million at the end of the year. This marked positive improvement was primarily driven by the decrease in credit spreads on sovereign positions.
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