UniCredit Bank Russia

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UniCredit Bank Russia
UniCredit Bank
Native name
Юникредит банк
IndustryFinancial services
Founded1989 (1989)
Headquarters9, Prechistenskaya emb., Moscow, 119034, Russian Federation,
Moscow
,
Russia
Key people
Kirill Zhukov-Emelyanov
Revenue116,225,600,000 Russian ruble (2017) Edit this on Wikidata
Number of employees
4900
ParentBank Austria
RatingBB+ (S&P), BBB- (Fitch) (2017)[1]
Websitewww.unicreditbank.ru

AO UniCredit Bank is a Russian bank headquartered in Moscow. It was a wholly owned subsidiary of Italy-based UniCredit Group.

History[]

ZAO International Moscow Bank (IMB) was founded on 19 October 1989. In 2001 IMB was merged with a Russia-based subsidiary of Bank Austria. The bank's shareholders were VEB.RF (20%), Promstroybank of the USSR (10%), Sberbank of the USSR (10%), as well as five international banks - Bayerische Vereinsbank AG, Creditanstalt-Bankverein, Banka Commerciale Italiana, Crédit Lyonnais and Kansalis-Osaki-Pankk), each of which owned 12%. IMB was the first among Russian non-state banks to start operations on international financial markets.

In 2005, Bank Austria along with its parent company HypoVereinsbank was acquired by UniCredit Group. (Bank Austria remained as the direct parent company of the Russian bank until September 2016[2])

In 2007, IMB was renamed as ZAO UniCredit Bank.[3]

In May 2013, the bank merged its own ATM network with the Raiffeisenbank ATM network.[4]

In 2014, the bank was registered as AO UniCredit Bank.[5]

In March 2019, Unicredit Bank topped the list of the most reliable banks in Russia according to Forbes experts, ahead of 99 other banks, including Raiffeisenbank.[6]

Bank names[7][]

  • From 19.10.1989 to 14.11.1996: International Moscow Bank.
  • From 14.11.1996 to 21.03.2002: full name in Russian - Closed Joint Stock Company International Moscow Bank, abbreviated name in Russian - International Moscow Bank, full name in English - Closed Joint Stock Company International Moscow Bank, abbreviated name in English - International Moscow Bank.
  • From 22.03.2002 to 20.04.2005: the abbreviated name in Russian - ZAO International Moscow Bank, the abbreviated name in English - ZAO International Moscow Bank.
  • From 21.04.2005 to 18.10.2007: abbreviated name in Russian - CJSC IMB, abbreviated name in English - CJSC IMB.
  • From 19.10.2007 to 29.09.2014: full name in Russian - Closed Joint Stock Company UniCredit Bank, abbreviated name in Russian - CJSC Unicredit Bank, full name in English - Closed Joint Stock Company UniCredit Bank, abbreviated name in English - ZAO UniCredit Bank.
  • From 30.10.2014: full name in Russian - Joint Stock Company "Unicredit Bank", abbreviated name in Russian - JSC "Unicredit Bank", full name in English - Joint Stock Company UniCredit Bank, abbreviated name in English - AO UniCredit Bank.

The Owners[]

Until October 2016, 100% of the bank's voting shares belonged to UniCredit Bank Austria AG (Vienna, Austria), which is part of the Italian group UniCredit.[8]

In October 2016, as part of the reorganization of the activities of the Unicredit group in Central and Eastern Europe (CEE), the sole shareholder of the Bank was changed to UniCredit S.p.A. Following the completion of the reorganization, UniCredit Bank Austria AG ceased to act as a sub-holding company in charge of the activities of the Unicredit group in CEE and continued its activities in the group as an Austrian commercial bank.

The Leadership[]

The chairman of the Board - K.O. Zhukov-Emelyanov

Activity[]

AO Unicredit Bank has a general banking license No. 1. The bank specializes in servicing corporate and private clients, corporate finance and treasury operations. The main focus is on lending to small and medium-sized enterprises; the retail services sector is developing less actively. As of the spring of 2011, the bank had 106 branches in Russia and a representative office in Belarus, over 985 thousand individual clients and more than 22.6 thousand corporate clients.[9]

Performance indicators[]

In 2010, the bank's share in the Russian lending market was 2.18%, in the deposit market - 1.36%.[10] The number of personnel in the spring of 2011 is 3.7 thousand people.[9] The bank's financial performance as of December 31, 2011 based on the results of 2011 in accordance with international financial reporting standards (IFRS):[11]

  • net profit - 15.79 billion rubles (+ 56.39% in relation to the results of 2010);
  • assets - 771.98 billion rubles (+34.26% in relation to the results of 2010);
  • capital - 88.31 billion rubles (+ 26.59% in relation to the results of 2010);
  • loans to customers - 472.70 billion rubles (+ 22.39% in relation to the results of 2010);
  • customer funds - 462.92 billion rubles (+ 40.10% in relation to the results of 2010).

Ratings[]

  • ACRA - credit rating "AAA (RU)", forecast "stable" (2017).[12]
  • Expert RA - credit rating "ruAAA", forecast "stable" (2018).[13]

References[]

  1. ^ "Рейтинг банков - 2017 (таблица)". Forbes.ru. 23 March 2017. Retrieved 1 May 2017.
  2. ^ "Transfer of CEE Division from Bank Austria to UniCredit SpA". UniCredit. 30 September 2016. Retrieved 16 December 2016.
  3. ^ "History". UniCredit Bank (Russia). 2016 [circa]. Retrieved 21 December 2016.
  4. ^ "Райффайзенбанк и ЮниКредит Банк объединяют банкоматные сети". // raiffeisen.ru. Retrieved 2013-05-14.
  5. ^ "New official name and legal form of AO UniCredit Bank". UniCredit. 29 December 2014. Retrieved 21 December 2016.
  6. ^ "Forbes назвал самые надёжные российские банки" (in Russian). Life.ru. 2019-03-20. Retrieved 2019-03-20.
  7. ^ "Устав АО ЮниКредит Банк" (PDF). 2017-05-08. Retrieved 2017-09-02.
  8. ^ "О Банке - ЗАО ЮниКредит Банк". // unicreditbank.ru. Archived from the original on 2014-01-16. Retrieved 2014-01-15.
  9. ^ a b "О Банке - ЮниКредит Банк". // unicreditbank.ru. Archived from the original on 2011-04-17. Retrieved 2011-04-26.
  10. ^ Алексей Рожков. "«Госбанки не загубили конкуренцию», — Михаил Алексеев, председатель правления «Юникредит банка»". // Ведомости, 26.04.2011, № 74 (2840). Archived from the original on 2011-04-27. Retrieved 2011-04-26.
  11. ^ "Консолидированная финансовая отчетность по состоянию на 31 декабря 2010 года и за 2010 год по МСФО". // unicreditbank.ru. Archived from the original (PDF) on 2012-02-14. Retrieved 2011-04-26.
  12. ^ "АКРА присвоило АО ЮниКредит Банк кредитный рейтинг ААА(RU), прогноз «Стабильный»". . Retrieved 2017-07-24.
  13. ^ "RAEX (Эксперт РА) присвоил рейтинг ЮниКредит Банку на уровне ruААА". . Retrieved 2018-06-13.

External links[]

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