UniCredit

UniCredit S.p.A.
FormerlyUniCredito Italiano S.p.A.
Company typePublic S.p.A.
ISINIT0005239360
IndustryFinancial services
Predecessor
Founded1998; 26 years ago (1998)
HeadquartersUnicredit Tower,
Milan
,
Italy
Key people
Products
RevenueIncrease €23.8 billion (2023)[1]
Increase €23.2 billion (2023)[1]
Increase €8.6 billion (2023)[1]
Total assetsIncrease €785.0 billion (2023)[1]
Total equityIncrease €64.1 billion (2023)[1]
Number of employees
Decrease 70,752 (2023)[1]
Websitewww.unicreditgroup.eu

UniCredit S.p.A. (formerly UniCredito Italiano S.p.A.) is an Italian multinational banking group headquartered in Milan. It is a systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets.[2] It was formed through the merger of Credito Italiano and Unicredito in 1998[3] but has a corporate identity stretching back to its first foundation in 1870 as Banca di Genova. UniCredit is listed on the Borsa Italiana and Frankfurt Stock Exchange and is a constituent stock of the Euro Stoxx 50 index of leading shares.[4]

With corporate & investment banking, commercial banking and wealth management operations, Unicredit is a pan-European bank with a strong presence in Western, Central and Eastern Europe. Through its European banking network, it provides access to market-leading products and services in 13 core markets: Italy, Germany as HypoVereinsbank, Austria as Bank Austria, Russia and nine other Central and Southeast European countries.

UniCredit has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank.[5][6]

  1. ^ a b c d e f "2022 Annual Reports and Accounts" (PDF). unicreditgroup.com. Retrieved 7 February 2023.
  2. ^ Ali, Zarmina (April 7, 2020). "The world's 100 largest banks". Standard & Poor. Retrieved June 23, 2020.
  3. ^ Howells, P. G. A. (2008). The economics of money, banking and finance : a European text (4th ed.). Harlow, England: Prentice Hall Financial Times. p. 153. ISBN 9780273710394.
  4. ^ "Constituents". boerse-frankfurt.de. Archived from the original on 19 November 2015.
  5. ^ "The list of significant supervised entities and the list of less significant institutions" (PDF). European Central Bank. 4 September 2014.
  6. ^ "List of supervised entities" (PDF). European Central Bank. 1 January 2023.