UniCredit Bank Slovenia explained

UniCredit Bank Slovenia
Native Name:UniCredit Banka Slovenija d.d.
Native Name Lang:sl
Type:Subsidiary, delniška družba
Industry:Financial services
Founded: (as d.d.)
Founders:-->
Former Name:Bank Austria Creditanstalt d.d. Ljubljana
Hq Location:140 Šmartinska
Hq Location City:Ljubljana
Hq Location Country:Slovenia
Num Locations:28 branches
Num Locations Year:2015
Num Employees: 600
Num Employees Year:December 2015
Net Income: 8.721 million
Net Income Year:2015
Assets: €2.630 billion
Assets Year:December 2015
Equity: €270.371 million
Equity Year:December 2015
Owner:UniCredit S.p.A. (99.99%)
Subsid:UniCredit Leasing d.o.o. (100%)
Ratio: 19.51% (Group CET1 Capital ratio)
Footnotes:in a consolidated basis[1]

UniCredit Bank Slovenia (Slovenian: UniCredit Banka Slovenija) is a Slovenian bank, which was a subsidiary of Italy-based UniCredit Group. According to the bank, UniCredit Bank Slovenia had a market share of 7.6% in Slovenia, in terms of total loans as of 30 September 2015.[1]

Bank Austria was the intermediate parent company of UniCredit Bank Slovenia, which UniCredit Group acquired Bank Austria's parent company HypoVereinsbank in 2005 (in turn acquired Bank Austria and Bank Austria Creditanstalt d.d. Ljubljana). In September 2016, UniCredit Group eliminated the intermediates by holding the stake directly by UniCredit S.p.A.[2]

On 21 December 2016, lesser than a month that the ultimate parent company UniCredit Group sold €17.7 billion bad loan portfolios (in gross book value) to institutional investors, UniCredit Bank Slovenia also sold approx. €110 million non performing credit portfolio to B2 Kapital without recourse.[3] As at 31 December 2015, UniCredit Bank Slovenia, together with its subsidiary, had €183.359 million loans that were classified as bad loan.[1]

Notes and References

  1. Web site: 2015 Annual Report. 1 June 2016. 21 December 2016. UniCredit Bank Slovenia.
  2. Web site: Transfer of CEE Division from Bank Austria to UniCredit SpA. 30 September 2016. 16 December 2016. UniCredit.
  3. Web site: UniCredit Banka Slovenia sells non performing credit portfolio to B2 KAPITAL. 21 December 2016. 21 December 2016. UniCredit.