Description
UniCredit S.p.A. is an international banking group headquartered in Milan. It is Italy's only systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was formed through the merger of Credito Italiano and Unicredito in 1998 but has a corporate identity stretching back to its first foundation in 1870 as Banca di Genova. UniCredit is listed on the Milan and Frankfurt stock exchanges and is a constituent stock of the Euro Stoxx 50 index of leading shares.
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.
