UniCredit Banca explained

UniCredit Banca
Type:Subsidiary
Industry:Financial services
Founder:UniCredit
Predecessor:7 retail subsidiaries of UniCredit
Successor:retail division of UniCredit
Fate:absorbed by UniCredit
Defunct:2010
Hq Location:Palazzo Magnani
Hq Location City:Bologna
Hq Location Country:Italy
Area Served:Northern Italy
Num Locations:2346
Num Locations Year:2009
Services:retail banking
Net Income: €81.851 million
Net Income Year:2009
Assets: €77.252 billion
Assets Year:2009
Equity: €1.811 billion
Equity Year:2009
Parent:UniCredit
Owner:UniCredit (100%)
Ratio:9.80% (Basel II Tier 1)
Footnotes:source[1]

UniCredit Banca S.p.A. was the retail banking division of UniCredit Group. On 1 July 2002, Rolo Banca, Banca CRT, Cariverona Banca, Cassamarca, Cassa di Risparmio di Trento e Rovereto and Cassa di Risparmio di Trieste were merged into Credito Italiano S.p.A. (a new subsidiary of UniCredit incorporated in December 1999), with Credito Italiano was renamed into UniCredit Banca S.p.A.. On 1 January 2003 UniCredit Private Banking and UniCredit Banca d'Impresa were spin off from UniCredit Banca

After UniCredit acquired Capitalia Group in an all-share deal in 2007, UniCredit Group gained the brand Banca di Roma and Banco di Sicilia. UniCredit Banca exchanged branches with the two sister companies (as well as absorbing Bipop Carire), making UniCredit Banca was specialized in the northern Italy. 3 branches of former UniCredit Banca were sold to fellow Italian bank Banca Carige.[2]

In 2010, UniCredit Banca was absorbed by the parent company UniCredit S.p.A., becoming the retail division of the company.

Notes and References

  1. Web site: 2009 Bilancio. 2009 Annual Report. 7 June 2010. 21 December 2016. UniCredit Banca. UniCredit . Borsa Italiana. Italian.
  2. Web site: Trasferimento del ramo d'azienda consistente in n°38 sportelli dalle banche del Gruppo UniCredit. 2 October 2008. 14 April 2016. UniCredit / Banca Carige. Italian.