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History


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.

More recently, the UniCredit Group is the result of the merger of nine of Italy's largest banks and the subsequent combination with the German HVB Group and the Italian Capitalia Group.


history

Milestones of UniCredit Group history


1998
UniCredito italiano creation

Group 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 process

Federal banking model introduction and development.
Customer-based segmentation.
Informationsystems and back offices consolidation.

Expansion in growth markets

The expansion process in Central and Eastern Europe starts with the acquisition of the Polish bank Bank Pekao

New acquisition

Acquisition of the US fund manager Pioneer Investment of Boston and creation of Pioneeer Global Asset Management.

Creation of the Global Investment Management Division
Expansion in growth markets

Acquisition 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 markets

Acquisition of Zagrebacka Banka (Croatia), Demirbank Romania - then UniCredit Romania - and Živnostenskå Banka (Czech Republic). Agreement with Koç (Turkey)


New acquisition

Acquisition of Momentum - world leader in Hedge funds - by Pioneer Investments.

"S3 Project" completion

The 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 Division
Global Banking Services Division Creation

Creation of the Global Banking Services Division creation, responsible for the optimization of the cost structure and the Group's internal process.

Expansion in growth markets

Acquisition of Yapi Kredi by koç (Turkey).


Merger with HVB Group

Unicredit 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 Division

Unification 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 markets

The 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 Capitalia

UniCredit 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)



Updated on:
01.30.2009