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The Group's origins date back over five centuries to the establishment of Rolo Banca in 1473, when Monte di Pietà, a public institute providing secured loans, was created in Bologna. ![]() Milestones of UniCredit Group history1998 UniCredito italiano creationGroup estabilishment: merger of Credito Italiano, Rolo Banca, Cariverona, Cassa di Risparmio di Torino, Cassamarca, Cassa di risparmio di Trento e Rovereto, Cassa di Risparmio di Trieste. Group banks integration processFederal banking model introduction and development. Expansion in growth marketsThe expansion process in Central and Eastern Europe starts with the acquisition of the Polish bank Bank Pekao New acquisitionAcquisition of the US fund manager Pioneer Investment of Boston and creation of Pioneeer Global Asset Management. Creation of the Global Investment Management DivisionExpansion in growth marketsAcquisition of Bulbank (Bulgaria) and Pol'nobanca - then Unibanka - (Slovakia). Reorganization by market segments - "S3 Project"Multi-specialist structure with 3 business divisions: Retail, Corporate, Private Banking and Asset Management. Federal model completion in the Italian banking scenario Expansion in growth marketsAcquisition of Zagrebacka Banka (Croatia), Demirbank Romania - then UniCredit Romania - and Živnostenskå Banka (Czech Republic). Agreement with Koç (Turkey) New acquisitionAcquisition of Momentum - world leader in Hedge funds - by Pioneer Investments. "S3 Project" completionThe three new national banks specialized by customer segment opened for business: UniCredit Banca, UniCredit Banca d'Impresa, UniCredit Private Banking. Creation of the New Europe DivisionGlobal Banking Services Division CreationCreation of the Global Banking Services Division creation, responsible for the optimization of the cost structure and the Group's internal process. Expansion in growth marketsAcquisition of Yapi Kredi by koç (Turkey). Merger with HVB GroupUnicredit merged with the German HVB Group, which was created in 1998 from the combination of two Bavarian banks (Bayerische Vereinsbank and Bayerische Hypotheken-und Wechsel-Bank), thereby giving rise to a single, large European bank. Markets & Investment Banking DivisionUnification of the investment banking activities of Bayerische Hypo-und Vereinsbank AG (HVB Corporates & Markets), Bank Austria Creditanstalt (International Markets and CA IB) and UniCredit Banca Mobiliare SpA into a single, global division. Expansion in growth marketsThe Group spread its presence in CEE with its expansion into Ukraine, and it has pushed into Central Asia with acquisitions in Kazakistan, Tajikistan and Kyrgyzstan. Merger with CapitaliaUniCredit Group strengthen its position in the Italian market thanks to the integration with the Capitalia Group - formed in 2002 out of a combination of the Bancaroma Group and the Bibop-Carine Group. Also Banco di Sicilia, MCC and Fineco are part of the Group. For further information about UniCredit Group and HVB Group's history, please visit the following website: www.patrimonioculturale.unicredit.it www.hvb.de/geschichte (only german)
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