UniCredit Group History
While the banking group’s history dates back as far back as 1473, the year in which Rolo Banca was created, the contemporary history of UniCredit Group begins with a merger of nine leading Italian banks, the subsequent integration with the German HVB Group and, most recently, with the Italian Capitalia. In 1999, acquisition of Bank Pekao of Poland meant the beginning of the Group’s expansion (at that time under the name UniCredito Italiano) into Central and Eastern Europe (CEE). Growth continued over the next few years with purchase of the Pioneer Investments group, the subsequent formation of Pioneer Global Asset Management, and then further strategic acquisitions gradually carried out in Bulgaria, Slovakia, Croatia, Romania, the Czech Republic, and Turkey.
In 2005, UniCredit merged with the German group HVB, which had itself been formed in 1998 by the joining of two Bavarian banks: Bayerische Vereinsbank and Bayerische Hypotheken- und Wechsel-Bank. The result was a single, major European bank. Integration with the HVB Group – reinforced by its own merger in 2000 with Bank Austria Creditanstalt, which was strongly represented in many areas of post-communist “new” Europe – creates a basis for UniCredit Group to continue strengthening its European focus.
By merging in 2007 with Capitalia, the third-largest Italian banking group, UniCredit Group further consolidated and strengthened its position in one of its most important markets, Italy. Capitalia had been established in 2002 from the integration of two previously independent entities, the Bancaroma Group (itself the result of a merger between some of the oldest Roman banks: Banco di Santo Spirito, Cassa di Risparmio di Roma, and Banco di Roma) and the Bipop Carire Group.
In terms of its balance sheet total, UniCredit is now one of the largest financial groups in Europe. It operates directly in 13 countries, serves 15 million clients, and has approximately 75,000 talented employees. The results of UniCredit Group's stress tests and asset-quality screenings confirm the bank's strong capital position, and its capital ratios show that UniCredit is one of the most resilient banks in Europe.
UniCredit Bank in the Czech Republic in Slovakia
UniCredit Bank launched its activities in the domestic market on 5 November 2007. It was created through integration of two successful banking houses - HVB Bank and Živnostenská banka. Since December 2013, UniCredit Bank has been providing banking products and services in the Czech Republic and Slovakia under a common business name of UniCredit Bank Czech Republic and Slovakia, a.s. UniCredit Bank is a strong and rapidly developing bank offering a wide range of quality products to corporate, private, and retail clients.
As a controlled entity, UniCredit Bank forms a group with its sole shareholder, UniCredit S.p.A., as a controlling entity. UniCredit Bank is the controlling entity vis-à-vis its subsidiaries.