August 27, 2016 9:09 PM ET

Banks

Company Overview of UniCredit Bank AG

Company Overview

UniCredit Bank AG provides various banking products and services in Germany, Italy, Luxembourg, the United Kingdom, Rest of Europe, the Americas, and Asia. Its Commercial Banking Business segment offers payment services, consumer and mortgage loans, savings-and-loan products, insurance products, and banking services; business loans, foreign trade financing, and liquidity and financial risk management services; and investment banking, financial and asset planning, and advisory services. It serves private customers, private banking clients, high/ultra-high net worth individuals, family offices, business and corporate customers, and commercial real estate customers. The company’s Corporate & In...

Kardinal-Faulhaber-Strasse 1

Munich,  80311

Germany

15,033 Employees

Key Executives for UniCredit Bank AG

Managing Director of HVB Bank, Tallinn Branch
Chief Financial Officer and Member of Management Board
Age: 50
Chief Operating Officer, Head of Human Resources Management and Member of Management Board
Age: 63
Chief Risk Officer, Managing Director and Member of Management Board
Age: 52
Managing Director of Business Segment Private Clients Bank and Member of Management Board
Age: 55
Compensation as of Fiscal Year 2016.

UniCredit Bank AG Key Developments

HVB Group Announces Consolidated Earnings Results for the Six Months Ended June 30, 2016

HVB Group announced consolidated earnings results for the six months ended June 30, 2016. For the period, the company increased its profit year-on-year, despite continuing difficult underlying conditions and considerable market turmoil. There was a slight rise in operating income to €2,439 million against €2,428 million a year ago. The net operating profit increased by 10.4% to €542 against €491 million a year ago. At €568 million, the profit before tax was up 15.9% year-on-year against €490 million a year ago. After income taxes, consolidated profit of €371 million, up 13.8% on the year ago total of €326 million.

UniCredit Bank AG Announces Executive Changes

UniCredit S.p.A. named Christian Steffens as U.K. country head and UniCredit Bank AG London branch manager. In his U.K. country head role, Steffens will report to the new deputy head of CIB, Gianfranco Bisagni, while in his UniCredit Bank London branch manager role, he will report to Diederich. Steffens replaces Ted Platt, who will take on a new role within UniCredit.

UniCredit Mulls Multiple Strategic Alternatives

UniCredit S.p.A. (BIT:UCG) is considering multiple alternatives. Unicredit announced that it is launching an in-depth strategic review under its new Chief Executive Officer Jean Pierre Mustier at a time when the financial health of the country's banks has come under increasing investor scrutiny. UniCredit said in a statement that the review will seek to reinforce and optimize the group's capital position, and improve profitability. UniCredit identified UniCredit Bank AG (HVB), its central and eastern European operations and corporate investment bank as strategic operations, and said that Unicredit's strong Italian roots make the Italian bank absolutely core to the group. UniCredit also announced on July 11, 2016, that it will sell up to 10% of its stake in FinecoBank Banca Fineco S.p.A. (BIT:FBK). It would retain a majority share.

Similar Private Companies By Industry

Company Name Region
Aachener Bank eG Europe
Abtsgmünder Bank -Raiffeisen- eG Europe
Access Microfinance Holding AG Europe
Allgemeine Beamten Kasse Kreditbank AG Europe
Assentus Bank Europe

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
March 15, 2016
Bankhaus Neelmeyer AG
 

The information and data displayed in this profile are created and managed by Capital IQ, a Standard & Poor's company. Bloomberg.com does not create or control the content. For inquiries, please contact Capital IQ directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact UniCredit Bank AG, please visit www.hypovereinsbank.de. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

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.