The new UniCredit Bank starts operations in Czech Republic
The subsidiaries of UniCredit Group in the Czech Republic merged into "UniCredit Bank". The integration process of HVB Bank and Živnostenská banka was finalised on Monday 5 November. UniCredit Bank is the fourth largest bank in the country, with 9.7 billion Euro total assets and more than 70 branches, where around 600.000 clients are served.
UniCredit Bank is a universal bank with an ambitious growth strategy. In retail banking, the bank will seek to win an important share in certain selected products that require good advisory services. These include, for example, mortgage loans, investment products, and credit cards, but also involve the small business segment, i.e. tradesman or business owners. In the corporate banking segment UniCredit Bank currently ranks among the three largest banks in the country.
A strong Board of Directors will lead the bank in future: Jiří Kunert (Chairman), David Grund (Vice-Chairman), Aleš Barabas (Director) and Peter Koerner (Director).
The UniCredit Group is one of the largest European banks. With a current market capitalization of approximately €84 billion (1 October 2007), ranking among the top financial groups in Europe, UniCredit has a presence in 23 countries, with over 40 million clients and 9,000 branches, approximately 170,000 employees and total assets of approximately €1,018 billion (pro forma) as at 30 June 2007.
In the CEE region, UniCredit Group operates the largest international banking network with over 3,700 branches and outlets, where more than 76,000 employees serve approximately 27 million customers.
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