UniCredit Bank Aktiengesellschaft, better known under its brand name Hypovereinsbank , is the fifth-largest of the German financial institutions, ranked according to its total assets, and the fourth largest bank in Germany according to the number of its employees. Its registered office is in Munich and it is a member of the Cash Group. Since 2005, UniCredit Bank AG has been a subsidiary of UniCredit S.p.A., an Italian financial service provider with its registered office in Rome and its headquarters in Milan. When the transfer resolution was entered in the commercial register in 2008, the equities of the minority shareholders were transferred to the principal shareholder, UniCredit S.p.A. as part of a squeeze-out. HVB thus became a wholly subsidiary and has not been listed on the stock exchange since this time.
Operating in Germany, HVB mainly focuses on private clients business and corporate banking, customer-related capital market activities and private banking . As a mixed mortgage bank, it performs banking operations as a universal bank within the meaning of the Mortgage Banking Act and, as a mortgage bank, is also authorised to issue pfandbriefs.
Copyright: CC 3.0