Press Centre

27/10/2020 UniCredit and the UniCredit European Works Council sign first Joint Declaration on Remote Work

Milan 21 October 2020

UniCredit and the UniCredit European Works Council (UEWC) have signed the first joint declaration on remote work. This will allow the Group to extend the opportunities offered by technological advances, enabling new ways of working to support a better work-life balance and greater efficiency.

At UniCredit, the safety of our employees and clients is our top priority, so we take decisions based on data. At the same time, we are building on insights gained during the pandemic to prepare for the future, focusing on the evolving needs of our employees and clients, to ensure an increasingly inclusive environment.

The joint declaration was signed by UniCredit CEO Jean Pierre Mustier and UEWC Chairman Luciano Malvolti. Together, they have built on experiences from the ongoing pandemic to strengthen remote work solutions, integrating them in combination with work in physical premises. The document defines the guidelines, principles and future minimum quality standards for remote work, in line with UniCredit’s goal of building a positive and engaging work environment for all employees.

UniCredit CEO Jean Pierre Mustier commented: “Covid-19 has significantly changed our clients’ mindset and behaviours, encouraging us to accelerate our digital and remote banking transformation. We are also leveraging on this new reality for our colleagues, because we believe that remote work can increase their quality of life. This is fully in line with our social commitments and ambition to be the best place to work.”

UEWC Chairman Luciano Malvolti said: “This is another positive step forwards in our ongoing investment in social dialogue with UniCredit. It is crucial to our joint progress that, in challenging times such as these, we are still able to plan for the future and define concrete solutions to meet the needs of employees as well as of the company.”

The new joint declaration aims to develop a global approach to offer all our colleagues access to remote working in the future, with a progressive local implementation plan which targets the following Group standards:

  • Headquarters and central offices: 40 per cent of remote working time, to be distributed on a weekly or monthly basis (i.e. on average 2 days per week)
  • Network: 20 per cent of remote working time, to be distributed on a weekly or monthly basis (i.e. on average 1 day a week).

The implementation of this agreement will be jointly monitored by representatives of both parties. It complements several other joint declarations, such as on Training, Learning and Professional Development, Equal Opportunities and Non-Discrimination, Responsible Sales and Work-Life Balance.

About UniCredit

UniCredit is a simple successful pan-European Commercial Bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to its extensive client franchise. UniCredit offers both local and international expertise to its clients, providing them with unparalleled access to leading banks in its 13 core markets through its European banking network: Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Serbia, Slovakia and Slovenia. Leveraging on an international network of representative offices and branches, UniCredit serves clients in another 18 countries worldwide.

Enquiries: mediarelations@unicredit.eu

20/10/2020 - Capital Finance International awards UniCredit as Best Social Impact Bank in Europe

UniCredit has been recognised by Capital Finance International (CFI.co) magazine as the Best Social Impact Bank in Europe in 2020. The judges highlighted UniCredit’s determination to “make a difference and have an impact” as well as its redoubling of efforts considering the Covid-19 pandemic, to engage with stakeholders, map their concerns and needs, and adjust policies and product offering accordingly. UniCredit’s commitment to creating a diverse and inclusive workplace was further highlighted as well as its “strong and meaningful corporate social responsibility policies”.

Commenting on the award, Roberta Marracino, Head of Group ESG Strategy & Impact Banking, said: “We are very proud to be acknowledged by CFI as the Best Social Impact Bank in Europe. This tells us that our strong efforts through our Social Impact Banking programme, UniCredit Foundation and the Group’s overall approach to ESG are noticed and valued by our stakeholders. Acting in a socially responsible way continues to be a priority for UniCredit. The Covid-19 crisis has made all of us much more aware of the role of corporations in driving positive social change. We will continue to do the right thing and work in this direction in line with the needs and interests of all our stakeholders.”

Winners were selected by the Capital Finance International judging panel of industry experts seeking to identify individuals and organisations that contribute significantly to the convergence of economies and truly add value for all stakeholders.

UniCredit’s Social Impact Banking has since launch supported more than 4,000 beneficiaries through Microcredit and Impact Financing as well as providing various financial education programmes to the benefit of around 50.000 young people and disadvantaged individuals.

In 2020 UniCredit has confirmed its continued strong social commitment by providing more than 6.4 billion euros to European SMEs[1] to help them mitigate the unprecedented Covid-19 emergency whilst also making significant donations in the various markets of the Group through UniCredit Foundation to support hospitals and different non-profit organisations on the front lines in the fight against the pandemic.

For more information on UniCredit SIB, please visit: https://www.unicreditgroup.eu/en/a-sustainable-bank/social-and-relationship-capital/social-impact-banking.html

ENDS

UniCredit
UniCredit is a simple successful pan-European Commercial Bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to its extensive client franchise. UniCredit offers both local and international expertise to its clients, providing them with unparalleled access to leading banks in its 13 core markets through its European banking network: Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Serbia, Slovakia and Slovenia. Leveraging on an international network of representative offices and branches, UniCredit serves clients in another 18 countries worldwide.

Enquiries: mediarelations@unicredit.eu

 

[1] As at 30/06/2020


Contact details:               

Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

E-mail: zuzana.dudakova@unicreditgroup.sk

phone: +421 2 4950 2303

15/10/2020 - UniCredit is the Main Partner of the Finance 4 Social Change project

Bratislava, 15 October 2020 - UniCredit is the Main Partner of the Finance 4 Social Change (F4SC) project through its Social Impact Banking (SIB) programme in line with the Bank’s strong commitment to building a fairer and more inclusive society by promoting initiatives that can have a positive social impact.

The F4SC project, which is funded through the EU Transnational Danube Program, aims to scout, support and award social entrepreneurs through a well-structured selection process, involving about 250 participants. It provides the perfect platform for UniCredit SIB to directly support social entrepreneurship as a driver of social development and progress across the Bank’s different countries, including: Austria, Bulgaria, Croatia, Germany, Hungary, Romania, Serbia and Slovakia.

The project has been designed to support the economy that inspires positive change in the Danube region thanks to carefully designed activities with the main aim of paving the way for more social innovation and the development of investment-ready social enterprises.

UniCredit colleagues will participate in the workshops of the Social Impact Business Plan Competition, a core part of the F4SC project, to offer their expertise and mentorship to the participants.

In addition, they will also take part in the jury that will select the four winning projects in the pitching sessions in 2021.

Roberta Marracino, Head of Group ESG Strategy & Impact Banking at UniCredit, commented: “At UniCredit, ESG is a core part of our DNA and the business strategy of the Bank. This includes a strong commitment to social issues where we have a growing ambition to help drive change by offering concrete support to entrepreneurs and initiatives with a significant positive social impact. The Finance for Social Change project is one such example, helping us do our part and offer tangible and meaningful support to the different communities where we operate.”

UniCredit SIB was first launched in Italy at the end of 2017. In 2019, the programme was rolled out in 10 additional Group markets, including: Austria, Bosnia & Herzegovina, Bulgaria, Croatia, Germany, Czech Republic, Slovakia, Romania, Serbia and Hungary. Since launch, SIB has supported more than 4,000 beneficiaries through Microcredit and Impact Financing as well as providing various financial education programmes to the benefit of around 50.000 young people and disadvantaged individuals.

In addition, in 2020 UniCredit confirmed its continued strong social commitment by providing more than 6.4 billion euros to European SMEs to help them mitigate the unprecedented Covid-19 emergency whilst also making significant donations in the various markets of the Group through UniCredit Foundation to support hospitals and different non-profit organisations on the front lines in the fight against the pandemic.

For more information on UniCredit SIB, please visit:

https://www.unicreditgroup.eu/en/a-sustainable-bank/social-and-relationship-capital/social-impact-banking.html  

To find out more about the F4SC project please visit:

http://www.interreg-danube.eu/approved-projects/finance4socialchange  


Contact details:               

Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

E-mail: zuzana.dudakova@unicreditgroup.sk

phone: +421 2 4950 2303

15/7/2020 - UniCredit wins six awards at Euromoney Awards for Excellence

UniCredit has won six awards at this year’s Euromoney Awards for Excellence, achieving recognition across the following categories.

 

  • Best Bank in Central & Eastern Europe
  • Best Bank for Transaction Services in Central & Eastern Europe
  • Best Bank in Austria
  • Best Bank in Bulgaria
  • Best Bank in Bosnia & Herzegovina
  • Best Bank in Germany

 

Alongside the CEE regional accolade, the results also see UniCredit retain its crown as the ‘Best Bank for Transaction Services in Central & Eastern Europe’, with Euromoney commenting: “As well as maintaining leading transaction services, advisory and markets franchises, the Italian group has shown consistent appetite for putting its balance sheet to work across the region”.

 

The Euromoney Awards for Excellence were established in 1992 and are widely regarded as the definitive awards programme for the global banking industry, identifying ‘the best of the best’ in all countries offering banking services.

 

As in previous years, the judging criteria include profitability, demonstrable growth, relative outperformance compared with peers and the ability to adapt to changing market conditions and client needs.

 

Jean Pierre Mustier, CEO of UniCredit, said: “Being recognised by Euromoney as the best bank across these markets is clear testament to the tremendous work our teams are doing and to our continued efforts to support clients across the Group. I am very proud of these awards and would like to personally thank each of our employees across Europe who continue to work tirelessly to help us deliver on our commitments.

 


Contacts

Media Relations

Tel +39 02 88623569

e-mail: mediarelations@unicredit.eu

 

About UniCredit

UniCredit is a simple successful pan-European Commercial Bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to its extensive client franchise. UniCredit offers both local and international expertise to its clients, providing them with unparalleled access to leading banks in its 13 core markets through its European banking network: Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Serbia, Slovakia and Slovenia.
Leveraging on an international network of representative offices and branches, UniCredit serves clients in another 18 countries worldwide.

15/7/2020 - UniCredit banks and Foundation support 44 non-profit projects focused on children in 12 Group countries with a total 500 000 EUR

In December 2019, UniCredit Foundation launched the “Call for Europe 2019 – Supporting Childhood” initiative with the aim to identify and support social projects helping children in the different European countries where UniCredit is present outside of Italy. The Group’s banks were asked to provide UniCredit Foundation with a shortlist of relevant local projects in each country by the end of February 2020 and an expert jury appointed by the Foundation selected the winning initiatives to be granted a total of 500 000 euros split among the winners.


44 projects have received the Foundation’s support across 12 Group countries, including: Slovakia, Czech Republic, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Hungary, Romania, Russia, Serbia and Slovenia.


Maurizio Beretta, Chairman of the UniCredit Foundation, commented: “In line with our shared belief of always doing the right thing, the different banks of UniCredit Group in Europe have worked together with UniCredit Foundation to identify deserving local projects focused on children and their needs. The role of our banks of different Countries has been key in this initiative to select the right projects to be rewarded in line with the needs and circumstances of each community.


UniCredit Foundation stays committed to supporting the communities in all the markets in which the Bank is present. In response to the coronavirus emergency, the Foundation has made significant donations in the various markets of the Group to support hospitals as well as different non-profit organisations in the front line in the fight against COVID-19.


All projects selected for the “Call for Europe 2019 – Supporting Childhood” initiative are run by non-profit organisations and have a focus on supporting children and adolescents (0-18) in line with the priorities of each specific local community and with the aim of generating a positive social impact in the medium/long term.

 

The winning projects are

Slovakia

  • Naruc – Help for Children
  • Malicek, o.z.
  • Hospic Plamienok

Czech Republic

  • Nave Italia
  • Domov Laguna Psary
  • Deti Upinku

 

About UniCredit
UniCredit is a simple successful pan-European Commercial Bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to its extensive client franchise. UniCredit offers both local and international expertise to its clients, providing them with unparalleled access to leading banks in its 13 core markets through its European banking network: Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Serbia, Slovakia and Slovenia. Leveraging on an international network of representative offices and branches, UniCredit serves clients in another 18 countries worldwide.

 

About UniCredit Foundation
UniCredit Foundation is a corporate foundation established in 2003 in order to contribute to the development of solidarity and philanthropy in the communities and regions where it operates, primarily in the geographical areas in which UniCredit is present. Through the transfer of financial resources and management skills typical of the company, UniCredit Foundation supports projects for significant social impact and innovation, by local non-profits.

 

Enquiries:

UniCredit Media Relations

email: mediarelations@unicredit.eu

30/06/2020 UniCredit awarded as the Best Private Bank for use of technology in CEE by Professional Wealth Management

UniCredit is pleased to announce that the Bank has been recognised as the Best private bank for use of technology in Central Eastern Europe (CEE) by Professional Wealth Management (PWM) for the third time in a row within prestigious PWM Global Wealth Tech 2020 Awards.

UniCredit CEE Private Banking won this coveted award thanks to its continued efforts in improving client digital experience and empowering relationship managers through comprehensive use of technology.

Commenting on the awards, Daniela Croitoru, Head of CEE Private Banking at UniCredit, said: ”I am very pleased that our efforts to improve our digital experience within CEE were recognized by this prestigious and independent jury of PWM and I strongly believe that our teams will be able to maintain our innovative approach for the relationship managers as well as for our clients and this is a priority across all CEE countries in our perimeter.”

UniCredit CEE Private Banking serves 8 countries (BG, CZ, HR, HU, RO, RU, SK, and SI) across Central and Eastern Europe with a unique service model rooted in the holistic understanding of our clients, offering them digital solutions and following the UniCredit Global Private Banking Investment Strategy.

In line with specific clients’ needs, UniCredit CEE Private Banking more recently focused on further improving the digital experience of wealthy clients as part of continuous strengthening client relationships via improved and refreshed advisory tool for private bankers as well as

brand new wealth management application for end customers in order to serve them.

About UniCredit

UniCredit is a simple successful pan-European Commercial Bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to its extensive client franchise.

UniCredit offers both local and international expertise to its clients, providing them with unparalleled access to leading banks in its 13 core markets through its European banking network: Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia,

Serbia, Slovakia and Slovenia. Leveraging on an international network of representative offices and branches, UniCredit serves clients in another 18 countries worldwide.

 

Enquiries:

UniCredit Media Relations:

email: mediarelations@unicredit.eu

24/06/2020 UniCredit Bank accepting corporate applications for state guaranteed loans

UniCredit Bank joins Slovak Investment Holding and Eximbanka and starts providing advantage loans to corporations through the new state guaranteed programmes passed by the Slovak Parliament to support the Slovak economy.  In addition to small and medium enterprises, the programmes have now opened up also for large corporate clients which may apply for advantage loans as well. The measure also applies to the self-employed and entrepreneurs claiming lump-sum expenses.

The guarantee programme aims to improve liquidity and give corporations access to funding in relation to the impacts of COVID-19 pandemic in the Slovak Republic. 

"We expect to help hundreds of corporate clients thanks to our active engagement in the new guarantee programmes," said Slavomír Beňa, Director of Corporate and Investment Banking Division.  UniCredit Bank has been focusing on small and medium enterprises on a long-term basis. They are the backbone of the entire economy and we are a stable leader in this segment also because we offer the most complex solutions," notes Beňa. “The most important now is to start up the economy. It is also a commitment resulting from our being one of the largest providers of corporate loans on the Slovak market. With this measure, we expand the portfolio of advantage loans which already is one of the largest in Slovakia," adds Slavomír Beňa.

Corporate clients can contact their their Relationship Managers or the nearest Centre for Corporate Clients or apply using our web sites UniCredit Bank

By stepping in the guarantee programmes, UniCredit Bank makes use of the whole package of guarantee programmes and advantage loans. The Bank was one of the first to start providing them during the COVID-19 crisis. With this step, UniCredit Bank joins the banks which provide the most complex solutions in the area of advantage loans and long-term leaders on the corporate banking market.

UniCredit Bank became an active member of the new SIH Anti-Corona guarantee as early as in May, and has already received hundreds of applications from corporate clients within this programme. Furthermore, it was the only bank on the Slovak market which launched the new SZRB programme in 2018 relating to advantage loans for small and medium enterprises. The portfolio also contains the EIF's InnovFin programme which is one of the largest guarantee programmes in the EU focusing on the support of innovative companies and projects and now even covering the digitization area.


Contact details:               

Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

E-mail: zuzana.dudakova@unicreditgroup.sk

phone: +421 2 4950 2303

22/06/2020 UniCredit retains crown as Best Sub-custodian Bank in Central Eastern Europe along with five country awards from Global Finance

UniCredit is pleased to announce that it has been recognised as the Best Sub-custodian Bank  in Central and Eastern Europe for 2020 by Global Finance for the eleventh year in a row. Alongside this regional award, the bank also took home gold in several individual country awards, scooping the title of Best Sub-custodian Bank in Austria, Bulgaria, Hungary, Serbia and Slovenia.

The awards for each region and country are determined by Global Finance’s editorial board, factoring in market research, input from expert sources and users of sub-custodian services, as well as bank submissions, in order to select the institutions that reliably provide the best services in local markets.

The criteria included customer relations, quality of service, competitive pricing, smooth handling of exception items, technology platforms, post-settlement operations, business continuity plans and knowledge of local regulations and practices.

Julia B. Romhanyi, Global Head of Securities Services, added: “We take great pride in our sub-custodian services at UniCredit and are delighted to have confirmed our position – not only as the best sub-custodian bank in Central and Eastern Europe, but as the leader in many individual countries as well. Our continued focus on providing high-quality, tailor-made and digital solutions has been central to our work over the past years and it is a pleasure to see the recognition of our continued efforts and our strong positioning in the region. This also underlines our dedication, throughout the recent pandemic, where we ensured a continued high-quality service. I am very proud of the dedicated teams across all of our countries who make it possible to keep our leading role and deliver excellence in the client, post-trade, securities servicing space.”


Contact details:               

Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

E-mail: zuzana.dudakova@unicreditgroup.sk

phone: +421 2 4950 2303

16/06/2020 UniCredit supports SMEs and mid-caps across nine Central and Eastern Europe countries leveraging on EIF COVID-19 measures under InnovFin guarantee
  • InnovFin Umbrella facility is already established in nine local banks and six leasing companies to sustain working capital and investment finance 
  • Approximately EUR 600 mln out of the initial amount of 1bn InnovFin Umbrella is now available with the special COVID-19 conditions

UniCredit has entered into a COVID-19 support package offered by the European Investment Fund (EIF) allowing the bank to provide working capital loans to CEE SMEs and mid-caps guaranteed by the EIF at a rate of 80% (previously 50%) under simplified eligibility criteria. The new measures extend the application of the InnovFin guarantee also to large mid-caps, widening the range of eligible companies in addition to already covered small and medium-sized enterprises (SMEs) and small mid-caps.

Furthermore, in order to further support the uptake of digital technologies and the digital transformation of enterprises, the InnovFin guarantee has also been extended to cover the financing of digital transformation. This transaction benefits from the support of Horizon 2020, the EU's Framework Programme for Research and Innovation, and the European Fund for Strategic Investments (EFSI) – the heart of the Investment Plan for Europe.

These new measures allow UniCredit to provide extensive support for companies in Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Hungary, Romania, Serbia, Slovakia and Slovenia.

"We are offering continued support to businesses through this initiative in order to manage the liquidity issues resulting from the COVID-19 emergency," said Gianfranco Bisagni and Niccolò Ubertalli, Co-CEOs Commercial Banking CEE at UniCredit. "This concrete step seeks to guarantee cash flow continuity for companies in the current exceptional and difficult circumstances as well as supporting working capital. At UniCredit, we are engaging in decisive, concrete measures to support companies and pledge our full support to the real economy."

They added: "We're ready to play our part in the wide-ranging measures envisaged by European Institutions and Countries and this agreement with the EIF allows us to guarantee CEE entrepreneurs the support they need in facing the consequences of this emergency, ensuring continuity for the production chain and laying the foundations for the recovery of their economies”.

As of June 2020 UniCredit in CEE countries has 30 established guarantee schemes from IFIs and local development banks, supporting the financing of SMEs and mid-sized companies with up to 3,8 bln EUR, out of which 1,2 bln has already been utilised.

The remaining EUR 2,6 bln also include new local guarantee schemes dedicated to COVID support in the amount of EUR 1,2 bln as well asthe above mentioned InnovFin guarantee with COVID package for EUR 0,6 bln, aimed to facilitate lending activities in the region within the next 2-3 years.

About EIF

The European Investment Fund (EIF) is part of the European Investment Bank Group. Its central mission is to support Europe's micro, small and medium-sized businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment. More information on EIF's work under EFSI is available here.

 

About UniCredit

UniCredit is a simple successful pan-European Commercial Bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to its extensive client franchise. UniCredit offers both local and international expertise to its clients, providing them with unparalleled access to leading banks in its 13 core markets through its European banking network: Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Serbia, Slovakia and Slovenia. Leveraging on an international network of representative offices and branches, UniCredit serves clients in another 18 countries worldwide.

 

About the Investment Plan for Europe

The European Fund for Strategic Investments (EFSI) is the main pillar of the Juncker Plan and provides first loss guarantees, enabling the EIB to invest in more projects that often come with greater risks. EFSI has already yielded tangible results. The projects and agreements approved for financing under EFSI are expected to mobilise more than EUR 458.8bn in investment and support more than 1 million SMEs in the EU Member States.

More information on the results of the Investment Plan for Europe is available here.

 

About InnovFin

The InnovFin SME Guarantee Facility is established under the “EU InnovFin Finance for Innovators” initiative backed by Horizon 2020. It provides guarantees and counter-guarantees on debt financing of between EUR 25,000 and EUR 7.5m in order to improve access to loan finance for innovative small and medium-sized enterprises and mid-caps. The facility is managed by EIF, and is rolled out through financial intermediaries – banks and other financial institutions – in EU Member States and Associated Countries. Under this facility, financial intermediaries are guaranteed by EIF against a proportion of their losses incurred on the debt financing covered under the facility.


Contact details:               

Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

E-mail: zuzana.dudakova@unicreditgroup.sk

phone: +421 2 4950 2303

19/05/2020 EUR 79,000 from UniCredit to help children in Slovakia and in the Czech Republic

Within an open Call for Europe, UniCredit Foundation will distribute almost EUR 79,000 through UniCredit Bank in Slovakia and in the Czech Republic.  This amount will go to six non-profit organisations, which help children and minors up to an age of 18 years in both countries..

When submitting projects, the bank tried to support its long-term partnerships with organisations helping children, as well as organisations that are repeatedly nominated within the Gift Matching employee programme, where employees present organisations. The entities in selection also included organisations proposed by customers in the Wishes Fulfilled campaign, where they sent their dreams to help children, and the bank provided finances for the most touching ones.

“We believe that thanks to the UniCredit Foundation support we helped lighten difficult fate and at least partially create conditions for better life of many children and minors. With our financial support to organisations we met half way our partners,  but more we listened to voices of our employees and wishes of our customers, and helped create more beautiful living conditions for those with unfavourable fates,” says Jakub Dusílek, Chairman of the Board of Directors of UniCredit Bank Czech Republic and Slovakia.

In Czech Republic, the Nave Italia long-term project for children after cancer treatment and from socially disadvantaged families will be supported in cooperation with the Italian Embassy in Prague and Chance4Children.  The Laguna Psáry Home is the other organisation receiving support; it provides home to children with mental disabilities so that they can live in decent conditions; it provides them with pedagogic care and education as a normal human approach and conditions for satisfactory life. Last but not least, we will also help the association of parents called Full Moon Children, who try to create conditions for decent life of children with various autism spectrum disorders or mental handicaps using the form of so-called home-sharing – regular relief stays of children at trained hosts’ places. This programme helps family rally and the child can get new social contacts and skills.

Thus, in Slovakia, UniCredit Bank along with UniCredit Foundation will support the Plamienok Hospice providing palliative care to critically ill children and sorrow therapies to children, who have lost their close relatives. The “Náruč – help for children in crisis” civil association helping children experiencing abuse, maltreatment or neglect, and providing advice to domestic violence victims, is another beneficiary. Help for pre-term infants and their families will flow through the Malíček civil association.  


Contact details:               

Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

E-mail: zuzana.dudakova@unicreditgroup.sk

phone: +421 2 4950 2303

16/04/2020 UniCredit Bank to support its suppliers by providing faster payments

UniCredit Bank is to support its suppliers in the Czech Republic and Slovakia by accelerating how quickly they get paid, executing ‘at sight’ payments of invoices. This will considerably speed up the payment cycle and ensure payments are done immediately. The acceleration of payments will further support businesses in their working capital management.

 “This decision will have a concrete impact on the thousands of suppliers to our Group. By anticipating payments, we are adding liquidity to the real economy at a time when it makes a real difference. As ever, we want to act as reliable partner to our suppliers and would encourage them to act similarly as regards their own supply chains.” Ranieri De Marchis and Carlo Vivaldi, Co-COOs at UniCredit, said.

“We at UniCredit Bank Czech Republic and Slovakia  immediately joined this important initiative to be  close to our suppliers and  business partners that helping us to serve our clients and support our employees in this challenging times,” said Jakub Dusílek, Chairman of Board of Directors UniCredit Bank.

UniCredit Bank will immediately execute the bank transfers to its suppliers, after having received the invoice and having complied with all standard controls.


Contact details:               

Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

E-mail: zuzana.dudakova@unicreditgroup.sk

phone: +421 2 4950 2303

15/04/2020 UniCredit Bank and its employees send over EUR 180 thousand to Slovak and Czech hospitals to fight against COVID-19

Together with UniCredit Foundation, UniCredit Bank and its employees provided considerable financial support to two Slovak and three Czech hospitals in the fight against COVID-19 pandemic.

In cooperation with UniCredit Foundation, the Bank launched an employee fundraising initiative in both countries in early April. Owing to this initiative, it will today distribute over EUR 180 thousand among five hospitals which are in urgent need of these funds and will use it mainly for purchasing protective equipment for medical personnel and equipment to combat COVID – 19.

In less than two weeks of this initiative, the Bank’s employees raised more than EUR 30 thousand. UniCredit Foundation increased the funds raised by EUR 40 thousand and UniCredit Bank and UniCredit leasing itself contributed additional EUR 110 thousand.

“The health of us all, our clients and our employees, is our top priority. Everyone at UniCredit Bank is doing everything they can to help effectively where it is needed during this difficult period. Together with our employees, we have, therefore, decided to support our hospitals, doctors and nurses in the Czech Republic and Slovakia, and confirm again that we are doing the right thing,” says Jakub Dusílek, Chairman of the Board of Directors of UniCredit Bank Czech Republic and Slovakia.

“I am very pleased to have the opportunity to join, together with our colleagues, the call for support of hospitals as soon as I came to this market. Although I have come in the most difficult times, participating in a strong wave of spontaneous solidarity and commitment of all employees means a lot to me. It is a unique feeling that we managed to provide immediate help to hospitals in such a short time," says Marco Iannaccone, Vice-Chairman of the Board of Directors of UniCredit Bank Czech Republic and Slovakia.

 

Together with UniCredit Foundation, UniCredit Bank supported:

  • University Hospital in Bratislava
  • University Hospital in Košice
  • Hospital in České Budějovice
  • St. Anne's University Hospital in Brno
  • University Hospital in Brno

Contact details:               

Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

E-mail: zuzana.dudakova@unicreditgroup.sk

phone: +421 2 4950 2303

16/03/2020 Restriction on branch opening hours - preventive measures

Dear clients,

 

The health and well-being of employees and customers is UniCredit Bank’s top priority.

UniCredit Bank has taken decisive action to guarantee nation-wide service coverage for its clients while protecting the health of both, clients and staff.

From March 17, 2020, the opening hours of branches, on working days will be from 10:00 to 14:00 hours.

We kindly ask you to access the branch individually as directed by our  staff. Please also respect the distance of at least two meters both between customers and staff and clients themselves. Please kindly follow this measure both inside and outside the building to protect you and your surroundings.

 

UniCredit Bank is working actively to ensure that all banking services are available through remote channels.

 

UniCredit Bank clients can retrieve all relevant information on products and services and perform all main banking activities in a simple, fast and secure way from the comfort of your home through multiple remote channels including: Online Banking and Smart Banking. We also recommend using our Apple Pay, Google Pay mobile payments to minimize cash handling. More informations HERE.

 

If you need advice from your banker, make an appointment by phone or contact customer service at 0800 14 00 14, available from Monday to Sunday from 7:00 to 20:00.

 

We will continue to actively monitor the situation, always act in everyone's best interests and do the right thing vis a vis all our stakeholders!

 

The information on this page is continuously updated.


Contact details:               

Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

E-mail: zuzana.dudakova@unicreditgroup.sk

phone: +421 2 4950 2303

29/01/2020 UniCredit has been recognised as a Top Employer in Europe in 2020

Local Certifications were achieved in eight European Countries: Austria, Bulgaria, Croatia, Germany, Hungary, Italy, Russia and Serbia

 

 

UniCredit is proud to announce that it has been officially certified by the Top Employers Institute for the

third year running for its exceptional employee offering, reaffirming the Group’s status as a great place to work.

 

The annual, international research undertaken by the Top Employers Institute recognises the leading

employers around the world: those that provide excellent employee conditions, nurture and develop talent throughout all levels of the organisation and strive to continuously optimise employment practices.

 

The European level Top Employers Certification was awarded thanks to the local Certifications achieved by UniCredit in Austria, Bulgaria, Croatia, Germany, Hungary, Italy, Russia and Serbia.

 

The Top Employers Certification is based on a thorough research process and a set of required standards. All the data was independently audited, verifying UniCredit's outstanding employee conditions and earning the Bank its spot among the select group of certified Top Employers.

 

The Top Employers Institute assessed UniCredit's employee offering based on the following criteria:

• Talent Strategy

• Workforce Planning

• Talent Acquisition

• On-Boarding

• Learning & Development

• Performance Management

• Leadership Development

• Career & Succession Management

• Compensation & Benefits

• Culture


Contact details:               

Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

E-mail: zuzana.dudakova@unicreditgroup.sk

phone: +421 2 4950 2303

15/01/2020 EIF and UniCredit support for innovative SMEs in Central and Eastern Europe increased to EUR 1bn
  • Mobilising EUR 500m of new funds to support innovative companies in nine CEE countries
  •  Funds will be allocated through nine local banks and six leasing companies
  • 1,300 SMEs are expected to be supported

 

The European Investment Fund (EIF) and UniCredit have agreed to increase the InnovFin SME guarantee aimed at improving access to finance for innovative small and medium-sized enterprises (SMEs) and small mid-caps in nine countries. This new agreement will allow UniCredit to offer, via its nine banks and six leasing entities across Central and Eastern Europe, additional financing worth EUR 500m  to innovative companies in Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Hungary, Romania, Serbia, Slovakia and Slovenia. This means that SMEs and mid-caps across these countries will have access to a total of EUR 1bn via UniCredit’s extensive network in the CEE region.

This transaction benefits from the support of Horizon 2020, the EU's Framework Programme for Research and Innovation, and the European Fund for Strategic Investments (EFSI) – the heart of the Investment Plan for Europe.

The banks in Bosnia and Herzegovina and in Serbia and the leasing company in Serbia will benefit from the support of a guarantee provided by the EIF and backed under Horizon 2020, while the guarantee agreements with the banks and leasing companies in Bulgaria, Croatia, the Czech Republic, Slovakia, Hungary, Romania and Slovenia will be backed by EFSI, the financial pillar of the Investment Plan for Europe.

Lilyana Pavlova, EIB Vice-President said: “This second increase of the UniCredit Umbrella transaction is a testament to the successful cooperation between EIF and UniCredit. Going forward, we hope that by leveraging on our existing relationship, together we will continue to design efficient ways to offer support to those in need of it and thus fulfil our policy objectives. This is of even higher importance when tackling market gaps in the CEE region.” Alessandro Tappi, EIF’s Chief Investment Officer continued: “The operation signed today will increase the overall portfolio from EUR 500m up to EUR 1bn for the benefit of some 1,300 SMEs and small mid-caps. This growth is proof of EIF’s and UniCredit’s dedication to enhancing access to finance for SMEs operating in Central and Eastern Europe”.

Gianfranco Bisagni and Niccolò Ubertalli, Co-CEOs of Commercial Banking, CEE, at UniCredit, said: “Over the last eight years, UniCredit has launched more than ten initiatives in cooperation with EIF across CEE with total capacity of more than EUR 1.7bn, including JEREMIE, RSI, the SME Initiative, COSME, the Microfinance Facility, WB EDIF, Fund of Funds under EAFRD, EaSI and, InnovFin SMEG. These instruments are already utilised above 50%, benefitting more than 5,000 clients in the region.

Thanks to InnovFin SMEG, more than 350 clients have already received support for the development of their innovative projects. With the doubling of our umbrella facility to EUR 1bn, we can further facilitate the development of innovative SMEs across the CEE countries, allowing easier access to finance and supporting local economies. It further highlights our strong commitment to serving our clients in the Central and Eastern European region”.

The transaction reflects the EU's commitment to rapidly launch concrete initiatives aimed at accelerating lending and guarantee transactions capable of boosting jobs and growth in the EU.

About EIF

The European Investment Fund (EIF) is part of the European Investment Bank Group. Its central mission is to support Europe's micro, small and medium-sized businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment. More information on EIF's work under EFSI is available here.

About UniCredit

UniCredit is a simple successful pan-European commercial bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to its extensive client franchise. UniCredit offers both local and international expertise to its clients, providing them with unparalleled access to leading banks in its 14 core markets through its European banking network: Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Hungary, Romania, Russia, Serbia, Slovakia, Slovenia and Turkey.

Leveraging on an international network of representative offices and branches, UniCredit serves clients in a further 18 countries worldwide.

About the Investment Plan for Europe

The European Fund for Strategic Investments (EFSI) is the main pillar of the Juncker Plan and provides first loss guarantees, enabling the EIB to invest in more projects that often come with greater risks. EFSI has already yielded tangible results. The projects and agreements approved for financing under EFSI are expected to mobilise more than EUR 458.8bn in investment and support more than 1 million SMEs in the 28 Member States.

More information on the results of the Investment Plan for Europe is available here.

About InnovFin

The InnovFin SME Guarantee Facility is established under the “EU InnovFin Finance for Innovators” initiative backed by Horizon 2020. It provides guarantees and counter-guarantees on debt financing of between EUR 25,000 and EUR 7.5m in order to improve access to loan finance for innovative small and medium-sized enterprises and small mid-caps (up to 499 employees). The facility is managed by EIF, and is rolled out through financial intermediaries – banks and other financial institutions – in EU Member States and Associated Countries. Under this facility, financial intermediaries are guaranteed by EIF against a proportion of their losses incurred on the debt financing covered under the facility.


Contact details:               

Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

E-mail: zuzana.dudakova@unicreditgroup.sk

phone: +421 2 4950 2303

09/01/2020 UniCredit retains top spot as best global trade finance provider in Euromoney’s Trade Finance Survey 2020

UniCredit is the best provider of all trade finance services globally, according to Euromoney's Trade Finance Survey 2020, which also saw the bank claim top global honours for Advisory, Financing, Overall Execution and Products, as well as for its services in Western Europe and Central and Eastern Europe (CEE).

 

The survey, now in its ninth year, collates feedback from over 7,000 corporate banking clients, providing compelling evidence of UniCredit’s product expertise, best-in-class customer service and deep understanding of its core European markets.

The bank also landed numerous #1 positions in the individual country rankings for All Services, including recognition as the best provider in CEE, Western Europe, Austria, Bosnia and Herzegovina, Bulgaria, Czech Republic, Hungary, Italy, Romania, Serbia, Slovakia and Croatia – as well as globally.

The breadth and depth of UniCredit’s geographical coverage was further underlined by #1 Market Leader positions in Austria, Bosnia and Herzegovina, Bulgaria, Czech Republic, Hungary, Italy, Romania, Russia, Serbia, Slovakia, Croatia and Turkey.

 

“We are very proud of these results,” says Richard Burton, UniCredit’s Head of Corporate & Investment Banking. “We strive to continue delivering the highest-quality products and services to our customers – focusing on the development of innovative solutions tailored to our clients’ needs. This Euromoney survey recognises our ongoing efforts in these areas as we continue to support the real economy and forge strong client relationships. These relationships are central to everything we do, and we would like to take this opportunity to thank all of our clients for their continued partnership and support."

 

UniCredit continues to invest in trade finance innovation – most notably through its award-winning client portal, Trade Finance Gate – and remains committed to meeting clients’ needs through tailor-made trade finance and working capital solutions.


Contact details:               

Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

E-mail: zuzana.dudakova@unicreditgroup.sk

phone: +421 2 4950 2303

16.12.2019 - Payment by card or mobile phone takes the lead in gift shopping, every fifth Slovak uses the discounts from their bank when paying

Bratislava, 19 December 2019 – Slovaks love discounts and do not hesitate to make use of them as much as possible even in the Christmas present season. As many as 90 % of us are looking for some kind of discount, most often free shipping (58 %), leaflet (50 %) or e-mail discounts (39 %), but also the discounts offered by their bank in the loyalty programme (21 %). In shopping, the cards have replaced cash a long time ago. The simple and modern payments by mobile phones are gradually gaining popularity. According to the UniCredit Bank Christmas survey, it is used most often by people in Bratislava.

Customers want to buy presents from the comfort of their home, in a modern way and ideally with a discount. That is what the Christmas present shopping trend looks like in our country. Last year, Slovaks spent record-breaking 1,000,000,000 Euro on presents in e-shops, and this year it will be even more.” For the first two weeks in December only, we observe a 20% increase of card payments in Slovak and foreign e-shops month on month,” says Zuzana Ďuďáková, UniCredit Bank press spokesperson.

According to the bank’s survey, cards are the most popular payment tool for buying presents for the loved ones. 53 % of people prefer to pay by debit or credit card. The popularity of online shopping contributes to this trend and it is also proved by the interest to pay for goods by bank transfer (14 %) or cash on delivery (5 %), which are popular payment methods when shopping via mobile phone or computer.

“Mobile phone purchases are another trend enabling Slovaks to avoid the queues in shops. You can find inspiration on social networks, click to an e-shop and pay by card, Apple or Google Pay in just a few clicks. This way of shopping will keep on gaining popularity in the future,” Ďuďáková predicts. So far, phone payments got most popular among Bratislavans and young Slovaks.“ In December, the volume of money spent through both mobile wallets grew by 50 %,” adds Ďuďáková from UniCredit Bank, which has launched both services a while ago.

 

If pay by card, there should be a discount

For a fifth of Slovaks, card payments are connected with another comfortable bonus. Thanks to their bank and loyalty programmes, such as U-šetrite from UniCredit Bank, they can save a lot of money for purchases. And the Slovaks love discounts, only one tenths of population is not looking for them when Christmas shopping. One fifth of us use the bank discounts.

In our U-šetrite programme, they can save money for books, fashion, cosmetics or health supplements, which belong to the most popular categories in choosing the right gift not only according to our card statistics,” Zuzana Ďuďáková says. Moreover, unlike leaflets or vouchers, they do not even have to acknowledge the discount in the shop. All you need to do is simply activate it in mobile banking and then pay by card, the discount uploads automatically.

Of course, there are also other ways how to achieve cheaper Christmas shopping and save some money for the January sales. Every other person makes use of leaflet discounts, also enjoying the loyalty discounts of particular shops (48 %) and discount codes sent by e-mail (39 %).An indisputable benefit, used by more than a half of us (58 %), is the option to have the goods delivered home or to the office completely free of charge.

Note: UniCredit Bank carried out the Christmas survey online through the Ipsos panel, on a sample of 1,088 people from general public aged 18+.

 

16.12.2019 - UniCredit Bank fulfils its clients' Christmas wishes. Let's help decide. Do the right thing!

Bratislava, 16 December 2019 – UniCredit Bank continues its successful Fulfilled Wishes campaign launched last year before Christmas. The campaign is based on clients’ wishes sent to the Bank during the past year. Within the campaign, clients wished to support one of the Czech and Slovak charity organisations. The Bank selected three projects and will reward each project with EUR 4,000. Moreover, the Bank asked its clients and the public to help choose a project from among these organisations which will obtain a bonus of EUR 4,000. The vote at www.zalezinamnatom.sk will end on 31 January 2020.

 

Thanks to UniCredit Bank, clients in Slovakia can support ČERVENÝ NOS - Clowndoctors, whose mission is to make hospitalised children and elderly people happy, Skačany nursing home for elderly people or civic association Na trati, which operates a day centre for autistic children.

“We are a bank for everything that matters. During the past year, our clients showed us that what they care about the most is helping others. We want to actively share Fulfilled Wishes with our clients. Together we can help those who really need it. This year there are several really interesting projects to choose from, which concern, among others, elderly people or sick children,” says Tomáš Drábek, Member of the Board of Directors and Head of Retail and Private Banking at UniCredit Bank.

The Bank will distribute EUR 12,000 among three organisations. The project with the most votes will get a bonus of an additional EUR 4,000.

Bank clients in the Czech Republic also have the possibility to choose from three organisations. Here, the Bank will grant CZK 100,000 to each charity organisation and a bonus of CZK 100,000 to the winning project based on votes.

UniCredit Bank clients and employees can vote on the overall winner at www.zalezinamnatom.sk.

List of charity organisations UniCredit Bank clients and employees can vote for:

  • ČERVENÝ NOS – Clowndoctors
  • IRIS –IV, n. o. – Skačany nursing home for elderly people
  • Na Trati, o. z. 
10.12.2019 - UniCredit Bank Launching Google Pay on Visa Cards

Bratislava, 10 DecemberUniCredit Bank clients in Slovakia and the Czech Republic may start using the Google Pay service from 10 December for comfortable, fast and secure payments in shops and on-line using the premium, credit and debit Visa card. To activate the service, they only need to install the Google Pay application in any Android device or a Google account. Google Pay may also be used for contactless withdrawals from ATMs.

The installation and use of the Google Pay service is simple and completely free. The service operates on mobile phones running on the Android version 5.0 or higher with NFC technology for contactless payments.

Payments are simple and fast and are possible in any brick-and-mortar shop that accepts contactless payments. For amounts of less than EUR 20, the only thing clients need to do is to light up the phone display and touch it against the contactless terminal. For higher amounts, the phone needs to be unlocked with fingerprint, password or any other secure form. The transaction confirmation is displayed in the application immediately after payment. Google Pay™ puts great emphasis on payment security. The number of the debit card is not kept in the mobile device. The device only uses an encrypted and secure token.

Google Pay™ may be used for on-line payments also by clients who have a Google account. They only have to add a payment card to it and pay without the need to fill in the lengthy on-line payment forms. The service currently supports the following payment gates: Global Payments Europe, PayU and GoPay which are used by most Slovak e-shops. This means that clients may use Google Pay™ in more than 10,000 Slovak e-shops from electronic goods to travel tickets, books, on-line pharmacies or mobile operators.

How to start using Google Pay with a Visa debit card from UniCredit Bank?

  1. In your mobile device, download the Google Pay application from the Google Play store.
  2. When the installation is complete, simply add the card by scanning the card number and entering other payment data. Google will then send you the registration code you will enter in the application.
  3. And that's it! You can immediately start using the service in shops labelled with the contactless payment logo.

Note: You may add more than just one card in your application and choose one of them as the main card. One card may be added to up to 5 devices running on the Android operating system.

04.12.2019 - UniCredit Bank launches Apple Pay for Visa cards

Bratislava, 4 December Searching for payment cards in your pockets or wallets is over. UniCredit Bank launches the Apple Pay service for Visa premium, credit and debit cards for its clients in Slovakia and the Czech Republic from 4 December. UniCredit Bank's Visa cards can be uploaded into your digital wallet (Wallet) in some of your Apple smart devices and used for making convenient and secure payments owing to the NFC technology.

Since its launch, the Apple Pay service enjoys widespread popularity. For the last month, UniCredit Bank clients spent nearly EUR 4 million in 225,000 Apple Pay transactions, i.e. around EUR 18 per payment and EUR 294 per each active client per month. Based on UniCredit Bank data, the number of users of this form of contactless payment is constantly rising, which means thousands of new clients a week.

The new service is available to UniCredit Bank clients with a Visa card who own an Apple device. With Apple Pay, clients can make contactless payments in shops and on the Internet.

Security and privacy is at the core of Apple Pay. When you use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorized with a one-time unique dynamic security code.

Apple Pay contactless payments can be made via individual Apple devices – iPhone, Apple Watch, iPad or MacBook. If clients want to have their card uploaded into several devices, they need to upload it separately into the device to improve security. Apple Pay payments can be made at all contactless terminals, both at home and abroad, as well as by contactless payment cards – by putting the device near the payment terminal which allows for contactless payments. Moreover, the service can also be used for online transactions.

When paying for goods and services on the go in apps or Safari, Apple Pay works with iPhone 6 and later, iPhone SE, iPad Pro, iPad (5th Generation), iPad Air 2, and iPad mini 3 and later. You can also use Apple Pay in Safari on any Mac introduced in or after 2012 running macOS Sierra and confirm the payment with iPhone 6 or later or Apple Watch, or with Touch ID on the new MacBook Pro.

28.11.2019 - UniCredit Bank and SoNet launch first contactless charity kiosks in Slovakia to raise more money for a good cause

Bratislava, 28th November – To place your card, beep and contribute to a good cause? Starting from November, the charity kiosks from UniCredit Bank and SoNet, in cooperation with Payment4U and Mastercard, will enable contribution payments using contactless payment cards. Thus, the donation process speeds up, attracts attention of more donators and interconnects the charity and modern technologies. First kiosks will be tested in the Rusovce´s Church of Saint Mary Magdalene, TV Markíza Foundation, Children of Slovakia Foundation, ZRAK Foundation and Salesians of Saint John Bosco.

UniCredit Bank will buy ten kiosks in total and offer them for free to selected charity institutions in Slovakia and in the Czech Republic. The experience from abroad shows that the predefined amount of contribution connected with card payment option results in contribution increase by up to 30 %. The project was created with the support of SoNet, Mastercard and Payment4U.

“Our aim is to provide our services with a positive impact on the society. Charity kiosks which are definitely the step in the right way in the modern banking. They break down barriers and help Czech and Slovak non-profit organisations get more contributions for good causes even from those people who are used today to pay everything with their card. The project is fully in line with social impact banking,” says Paolo Iannone, General Manager of UniCredit Bank.

„All donations from the kiosks will be directed to our Hodina deťom grant programme, which has been helping children in need for more than 20 years,” adds Ondrej Gallo, Director of the Children of Slovakia Foundation.

We are glad to participate, together with the company Payment4U, in the development of the charity kiosk that brings a universal solution of contactless payment across countries for organisations that are fully or partially dependent on contributions from third parties,“ says Lenka Bukalová, a representative of the company SoNet that provides banks and merchants with complex services within payment technologies and that cooperates in the project of charity kiosks.

Simple, safe and user-friendly

The charity kiosk will be appreciated by all organisations that are fully or partially dependent on the third-party support. It can be used in church institutions, charity and humanitarian organisations, associations for restoration of cultural monuments or in zoological gardens.

The contributions donation by contactless payment card is simple, quick, safe (no need to handle any cash) and transparent. The visitor can see the amount of donation and the performed transaction confirmation thanks to an intelligent LED system, including the final acknowledgement.

“We believe that thanks to new modern technologies we will help even more in the Markíza Foundation and implement other unique projects aimed at changing the quality of life of children, making them happy and helping them fulfil their dreams and goals,” says Marianna Trnavská, Chairwoman of the TV Markíza Foundation’s board. 

Július Marián Prachár, administrator of the Roman Catholic parish of Rusovce, where the kiosk was placed first, adds: " The Church should be open to the contemporary world and speak "its language". Especially the younger generation is accustomed to using credit cards.”

With their design the kiosks do not interfere with sites of destination, determined for example for contemplation or praying. Their operation is ensured by batteries that need to be recharged approximately every week.

This is not the first product within contactless payments for UniCredit Bank. The bank has always belonged among leaders in self-service payment terminals. Years ago, UniCredit has been first to launch payment with card for self-service parking automat machines.

19.11.2019 - UniCredit supported 6 companies in joining the ELITE network
  • The UniCredit ELITE CEE Lounge supports fast-growing companies from Central and Eastern Europe
  • ELITE facilitates business model upgrades and encourages corporates networking across UniCredit's CEE countries
  • 2 companies from 2 CEE countries – Bulgaria and Serbia – have joined in the ninth cohort of the UniCredit CEE Lounge today; additional 4 SMEs joined ELITE thanks to the special cooperation between UniCredit Hungary and Budapest Stock Exchange

 

UniCredit CEE is pleased to announce 2 new companies joining the innovative the ELITE international ecosystem today. UniCredit CEE Lounge is part of ELITE, London Stock Exchange Group's international business support and capital raising platform and focuses on helping to accelerate the growth of promising companies.

The new joiners are companies from two Central and Eastern European (CEE) countries where UniCredit has active operations. To date, the UniCredit CEE Lounge has admitted 60 companies from 11 countries across UniCredit's CEE network.

The UniCredit CEE Lounge aims to help SMEs with their future growth, increasing their awareness of capital markets and of the available ways to attract funding. The programme also helps the companies to establish a direct dialogue with relevant investors. The companies that joined the previous cohort are currently in the process of their executive training.

This ninth cohort of the UniCredit CEE Lounge is comprised of the following companies:

  • ASIGEST - I&G BROKERS, Bulgaria
  • TERMOVENT, Serbia

 

Additionally, as a result of the special cooperation between UniCredit Hungary and Budapest Stock Exchange, four new companies joined this cohort:

  • CORECOMME SI, Hungary
  • SOMOGYI, Hungary
  • VIA BERAUTO, Hungary
  • GSV, Hungary

 

We are proud that our partnership with ELITE has proven to be very successful,” said Andrea Diamanti, Head of UniCredit Corporate and Investment Banking and Private Banking in CEE.

“This initiative underscores our strong belief in the potential of the most-ambitious mid-sized companies in CEE, and helps us to support them in upgrading their business models and boosting their growth. ELITE is also an innovative way for the companies to better understand their needs and strategies. It brings growing businesses together and gives them the opportunity to inspire each other, exchange ideas, share best practices and identify mutual business opportunities.”

Luca Peyrano, CEO, ELITE:" “We are delighted to witness increasing interest in ELITE from companies across the CEE region, validating and highlighting the importance of partnerships like the consolidated cooperation with UniCredit CEE and Budapest Stock Exchange. ELITE is delighted to support CEE’s region most ambitious SMEs, connecting them to capital and supporting them to compete on a global stage, as well as working to develop a connected funding ladder for such businesses.”

Since its launch in 2012, ELITE has supported over 1100 international companies.  ELITE is a platform and ecosystem that helps private, ambitious companies grow, offering them access to education, business support and direct contact with the international financial and advisory community. Management teams are guided on how best to fast-track their development, how to access the most suitable funding for their needs, whether private equity, venture capital or the bond or equity markets, and given advice on building their profile and reach. ELITE is designed to meet the individual needs of each company selected for the UniCredit CEE Lounge, with UniCredit contributing to training modules and tutoring as well as providing access to its own tailored SME support services. Please read more at https://www.elite-growth.com/.

18.11.2019 - UniCredit Bank launches Google Pay™ for its clients

UniCredit Bank launches the Google Pay™ service for its clients, owing to which you will make convenient, fast and secure payments in shops and on the Internet. The Bank’s clients can now connect their Mastercard debit card in the Google Pay™ application on any device running on Android or to their Google account. Google Pay™ can also be used for cash withdrawals from ATMs with contactless technology.

 

Almost every tenth Slovak pays by mobile phone today, while most mobile devices run on the Android operating system. Launching convenient and fast payments with Google Pay™ is a logical step for us. With the contactless payment service, clients can pay not only in brick-and-mortar shops, but also at thousands of online shops including the most popular ones,” explains Tomáš Drábek, Member of the Board of Directors and Head of Retail and Private Banking at UniCredit Bank.

As of today, Google Pay™ is available to UniCredit Bank clients holding one of the Mastercard debit cards. Installation and use of the service is simple and completely free-of-charge. The service works on mobile phones running on Android 5.0 and higher with NFC technology for contactless payments.

You can make quick and easy payments in any brick-and-mortar shop that accepts contactless payments.

As regards amounts up to EUR 20, just turn on the phone's display and attach it to the contactless terminal. As regards higher amounts, you need to unlock your phone with your fingerprint, password or some other form of security. Confirmation of transaction will be displayed immediately after payment directly in the application. Google Pay™ also places great emphasis on payment security. The uploaded debit card number is not stored on your mobile device. The device uses an encrypted and secure token.

Clients with a Google account can also use Google Pay to make payments on the Internet. It is also possible to connect a payment card to your Google account and pay conveniently without having to fill in online payment forms. The service currently supports the Global Payments Europe, PayU and GoPay payment gateways, which are used by most Slovak online shops. You can pay with Google Pay™ in more than 10,000 Slovak online shops, from electronics to tickets, books, online pharmacies or mobile operators.

 

How to start using Google Pay™ with a Mastercard debit card from UniCredit Bank?

  1. Download the Google Pay™ application from the Google Play store on your mobile device.
  2. Once installed, simply add the card to the application by scanning the card number and typing in additional payment information. Google will send you the registration code you enter into the application.
  3. Everything is done and you can start paying with the card immediately in places marked with the contactless payment logo.

Note: You can add more cards to the application and choose one to use as the main card. You can add a single card to up to 5 devices running on Android operating system.

 

15.10.2019 - UniCredit Bank launches Apple Pay

Searching for payment cards in your pockets or wallets is over. Following the Czech Republic, UniCredit Bank introduces the Apple Pay service to its clients in Slovakia. UniCredit Bank’s Mastercard debit cards can thus be uploaded to your digital wallet (Wallet) in some of your Apple smart devices and used for making convenient and secure payments owing to the NFC technology. Moreover, 40 per cent of the Slovaks confirm that they want to or already use Apple Pay or another mobile payment and digital wallet.

 

The new service is available to UniCredit Bank clients with a Mastercard who own an Apple device. With Apple Pay, clients can make contactless payments in shops and on the Internet, as well as withdraw cash from ATMs using contactless technology.

Introducing Apple Pay is another step towards the strengthening of our long-term relationship with clients,” says Tomáš Drábek, Member of the Board of Directors and Head of Retail and Private Banking at UniCredit Bank. “More than 40 per cent of the Slovaks normally carry 2 or more payment cards. Owing to Apple Pay, clients no longer have to search for their plastic card in their wallet or write down card data when paying on the Internet. All they need to do to make payments is simply use their smartphone or smartwatch that are always at hand,” adds Tomáš Drábek.

A public survey made by the bank showed that 40 per cent of respondents use or want to use Apple Pay services or another mobile payment and digital wallet. The vast majority of respondents (85 per cent) said that the main reason for using pay-by-phone services is the convenience and speed of such services; 44 per cent of respondents further confirmed that they like to use modern services and almost 30 per cent want to have all their cards in one device.*

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We are really glad that another major bank introduces their clients to the Apple Pay payment service, which, following its kick-off in Slovakia in February, helped revive interest in payment innovations and paying by mobile phone substantially. Apple Pay’s benefits include speed, comfort and safety of transactions, which is ensured by the tokenization technology of Mastercard allowing for reliable connection of the mobile device with the payment card,” says Luděk Slouka, Director of Product and Innovation Development at Mastercard for the Czech Republic, Slovakia and Austria.

Security and privacy is at the core of Apple Pay. When you use a credit or debit card with Apple Pay, the actual card numbers are not stored on the device, nor on Apple servers. Instead, a unique Device Account Number is assigned, encrypted and securely stored in the Secure Element on your device. Each transaction is authorized with a one-time unique dynamic security code.

Apple Pay contactless payments can be made via individual Apple devices – iPhone, Apple Watch, iPad or MacBook. If clients want to have their card uploaded into several devices, they need to upload it separately into the device to improve security. Apple Pay payments can be made at all contactless terminals, both at home and abroad, as well as by contactless payment cards – by putting the device near the payment terminal which allows for contactless payments. Moreover, the service can also be used for online transactions.

When paying for goods and services on the go in apps or Safari, Apple Pay works with iPhone 6 and later, iPhone SE, iPad Pro, iPad (5th Generation), iPad Air 2, and iPad mini 3 and later. You can also use Apple Pay in Safari on any Mac introduced in or after 2012 running macOS Sierra and confirm the payment with iPhone 6 or later or Apple Watch, or with Touch ID on the new MacBook Pro.

* Source: UniCredit Bank online survey of June 2019 made together with the IPSOS agency.

13.9.2019 - Hana Čitbajová appointed a new Head of Human Resources Management at UniCredit Bank

Hana Čitbajová became a new member of the Executive Committee and Head of Human Resources Management at UniCredit Bank Czech Republic and Slovakia. Her appointment is effective from September 2019.

graf1

 

Being with UniCredit Group on various key positions in several countries since 2003, Hana Čitbajová gained experience in HR management, cost management, business development and mergers and acquisitions. She also managed several key processes related to performance, compensation and benefits policy.

Hana Čitbajová started in training and development at UniCredit Bank Slovakia. In 2009, she became Global HR Business Partner for CFO and Identity&Communication in Milan, Italy. From 2011, she worked as Senior HR Business Partner for CEE Division in Vienna, Austria, moving to similar position in UniCredit Bank Czech Republic two years later. From 2015, she posed as Head of Human Resources at UniCredit Bulbank in Bulgaria.

 

4.9.2019 - Mortgage loans with 0.89 % p. a. for all fixed-rate types

In Slovakia, UniCredit Bank unifies the mortgage interest rates for all fixed-rate periods, namely at 0.89 % p. a. Now you can get a housing loan on particularly advantageous terms for all the interest-rate types offered.

 

Starting from 1 September, UniCredit Bank introduces a unified interest rate for all fixed-rate types. At this time, clients are particularly interested in longer fixed-rate periods. Ten-year fixed-rate periods have literally become a hit in recent months. Moreover, clients can also take advantage of favourable monthly insurance of the ability to repay the loan from our bank.

Clients who take out mortgages up to 80 % of the property’s value with insurance of the ability to repay the loan shall be reimbursed the costs of appraisal of the property and they shall get their loan free-of-charge. Clients can also get an unrivalled U konto current account and get a free-of-charge account maintenance subject to a basic condition together with free-of-charge ATM withdrawals at home and worldwide. All you need to do is send at least EUR 400 a month to your account, which is a limit easily handled by people with regular income.

This current offer applies to purchases of new housing as well as to refinancing of existing mortgage loans.

 

Representative example:

The total amount of the loan is EUR 60,000, with a repayment period of 30 years and a 10-year fixed rate of 0.89 % p.a.* The monthly instalment amounts to EUR 189.97, the number of monthly instalments is 361, of which the first instalment is only an interest payment of up to EUR 44.50, the monthly commitment fee is EUR 0, the monthly fee for the U konto account keeping is EUR 8 where the conditions for a free-of-charge account keeping are not met** and the monthly fee for the insurance of the ability to repay the loan is EUR 18. The fee for registration of the pledge over the property with the land register is EUR 66. The annual percentage rate (APR) is 1.83 %. The total amount you have to pay is EUR 77,819.70. The total sum does not include the fee for insurance of the property.

 

* The interest rate applies to loans up to 80 % of the loan’s collateral value, provided the client meets the conditions for creation of the insurance of the ability to repay the loan, takes out the insurance of the ability to repay the loan, and credits his/her U konto account with at least 1.5 times the current amount of the instalment on a regular basis. In that case, the client shall be reimbursed the costs of appraisal of the property - up to EUR 150 for flats and up to EUR 210 for detached houses.

** The monthly fee for the U konto account keeping is EUR 0, provided the client credits such account with income of at least EUR 400 on a monthly basis.

 

Chart: Interest rates on mortgage loans by UniCredit Bank, valid from 1 September 2019

 

Fixed-rate period Interest rate up to 80 % of the LTV
2 years 0.89 % p.a.
3 years 0.89 % p.a.
4 years 0.89 % p.a.
5 years 0.89 % p.a.
10 years 0.89 % p.a.
20.8.2019 - Start investing regularly and get a 2 per cent reward with UniCredit Bank

Do you know that you should save at least one tenth of your monthly income to create a sufficient financial buffer? Thanks to UniCredit Bank and the U invest Plus programme, you can start investing with just EUR 20 on a regular basis. You will create a necessary financial buffer and you will also be able to achieve attractive returns. Moreover, you will receive a reward of 2 per cent of your investment’s value from the Bank after one year.

 

UniCredit Bank guarantees the reward amounting to 2 per cent of the investment’s value for everyone who complies with the campaign’s terms and conditions. Join the U invest Plus regular investment programme from 15 August until 31 October 2019 and make your first regular monthly payment no later than 30 November 2019. If you can invest regularly throughout the year, you will get a reward amounting to 2 per cent of the value of the money you invested.

 

At a time of low interest on current, savings and term accounts, investments are a suitable instrument to make your dreams come true. Start making regular investments in just three simple steps. First you choose the monthly amount, starting from as low as EUR 20 a month. Then you choose between three investment strategies – conservative, balanced or dynamic. Conservative investments are generally less risky, but at the same time they yield lower returns; as regards dynamic investments, it's the other way around.  A balanced strategy combines both approaches. In the last step, you decide for how many years you want to invest.

 

With the U invest Plus regular investment programme from UniCredit Bank, you have your funds available at any time, you can interrupt your investment at any time, withdraw the required amount or renew your investment. All for free. A diversified portfolio, managed by experts of Amundi Asset Management, a leading European asset management company, as well as the periodicity and long-term investment help reduce the risks arising from possible market volatility.

 

More information about the campaign and regular investment possibilities is available on the UniCredit Bank website.

 

11.7.2019 - Five Excellence Awards for UniCredit

UniCredit has won five prestigious awards from Euromoney, a leading international business magazine. The 2019 Euromoney Awards for Excellence were formally presented in London last night.

 

UniCredit was awarded:

  • Best Bank in Italy
  • Best Bank in Croatia
  • Best Bank in Serbia
  • Best Bank for Wealth Management in CEE
  • Best Bank for Transaction Services in CEE


Jean Pierre Mustier, CEO of UniCredit commented:As a simple pan-European commercial bank, we receive these five awards as one team. I would like to thank all our employees, who are working hard to support our clients across Europe – this recognition is theirs.


Euromoney’s awards for excellence recognise those commercial and investment banks that deliver market-leading products and services, swiftly adapting to changing market and regulatory conditions. The winners must be role models in the how they run their business, meeting client needs.


Euromoney's Awards for Excellence were established in 1992 and were the first of their kind in the global banking industry.

11.7.2019 - UniCredit Bank makes its clients' wishes come true

Dreams should come true and UniCredit Bank pursues banking that matters. Based on warm approach towards its clients, the “Fulfilling our clients’ wishes” initiative was born. The Bank dedicated up to EUR 80,000 for the most appealing client dreams and stories, which meant fulfilling the select wishes up to EUR 800 for fifty Czech and fifty Slovak clients. The Bank was all about peoples’ stories and entire teams worked on making dreams come true.

 

At the end of the last year, after announcing the “Fulfilling our clients’ wishes” challenge, UniCredit Bank started to receive thousands of wishes and inspirational stories. Many of them focused on helping others, either loved ones or animals. It was not only about a dream holiday, romantic dinner or household appliances. “We were impressed by originality and solidarity of people,Tomáš Drábek, Member of the Board of Directors and Head of Retail and Private Banking of UniCredit Bank.Many wishes were related to children, vulnerable citizens or help in life’s distresses. It was really hard to choose and that’s why we increased the original lower number of fulfilled wishes to the current one hundred.”

 

All wishes were divided into five categories: support of charities, social gifts for others, practical gifts for others, original idea and health promotion for clients or their families. It was mostly originality of a wish that was among the criteria of the final selection. “Really candid stories described secret wishes, which was often beautiful and touching,” says Tomáš Drábek.We are glad that we will support not only our clients but, through our clients, also other people who will get help or their dreams will be made come true. This mission is in line with our socially responsible business, when our Bank helps communities and people across our reach.

 

A separate and unclassifiable category were wishes that cannot be fulfilled despite all efforts, which means making sure that others are healthy. Through our clients’ wishes, we managed to at least contact select institutions and arrange for the equipment and other aids that will help clients. Thus, many things were provided for non-profit organisations, such as Plamienok, Deťom s rakovinou and other.

Katarína Kősegiová, Head of Deťom s rakovinou non-profit organisation, says that they were “touched by UniCredit Bank’s clients who, through their own experiences and with compassion for people, dreamed things for small cancer patients to make their life easier and more enjoyable during their hospital stay.” And the patients themselves helped bring toys, new furniture and many useful things to the newly refurbished Department of Paediatric Haematology and Oncology. “I would hereby like to thank the bank and its clients,” adds Kősegiová.

 

Donors also paid attention to homeless people or animals in shelters. Even if for a short moment, the gifts brought joy everywhere. The original dreams that the Bank helped fulfil were an air trip to Rome for our client’s mother who never flew, a shoe voucher for a children's home, a gazebo for a family that could never afford it, new school benches and boards for a village school.

 

The responses of our clients whose wishes are to be fulfilled were strong. Some of them initially did not believe their own luck, but later they all expressed their tremendous excitement, shared also by the organisations that want to support our clients. The happiness is doubled in this case.

More information about the project, including video stories and pictures, can be found at www.zalezinamnatom.sk.

7.6.2019 - UniCredit is named the Best Sub-custodian Bank in Central Eastern Europe and across six countries by Global Finance

UniCredit is pleased to announce that the Bank has been recognised as the Best Sub-custodian in 2019 by Global Finance magazine's editorial board across Central and Eastern Europe (CEE) as well as winning country specific awards as the Best Sub-custodian Bank in Austria, Bulgaria, Czech Republic, Hungary, Serbia and Slovenia.

 

In determining the winners for each respective region and country, Global Finance’s editorial board considered market research, input from expert sources and entry information from banks to select the institutions that reliably provide the best services in local markets and regions. The criteria included customer relations, quality of service, competitive pricing, smooth handling of exception items, technology platforms, post-settlement operations, business continuity plans and knowledge of local regulations and practices. Global Finance also obtained input from users of sub-custody services. Performance was judged over the period covering January 1, 2018 through December 31,2018.

 

Andrea Diamanti, Head of CEE Corporate and Investment Banking and Private Banking at UniCredit, commented: "We are delighted to be recognised by Global Finance as the best sub-custody service provider across CEE region and in a number of local markets. We are dedicated to serving our clients and these acknowledgements testify the achievements of our teams in understanding client needs thanks to our unrivalled local presence combined with deep market knowledge, know-how and expertise. Our focus on security business is proven by our continuous effort to further enhance and harmonise our service and product offering, automate key processes across our markets and provide more efficient
servicing capabilities for our clients.”

22.5.2019 - UniCredit recognised as “Best Bank” in three Global Finance categories

UniCredit has been recognised in this year’s Global Finance Best Bank Awards, winning the following categories:

  • “Best Bank in Central and Eastern Europe”
  • “Best Bank in Bulgaria”
  •  “Best Bank in Croatia”

 

Gianfranco Bisagni and Niccolò Ubertalli, designated coCEOs of the UniCredit CEE Division commented : „We are pleased to have received this external recognition of our outstanding performance in the overall CEE region and, specifically, in Bulgaria and Croatia. These awards were earned thanks to the effort and commitment of our people to our customers, serving them through our simple, succesful pan-European commercial bank. We appreciate the opportunity to share this success with the UniCredit CEE population.”

 

These awards are based on a range of factors including:

asset growth, profitability, geographic reach, strategic relationships, new business development and product innovation as well as the opinions of equity analysts, credit rating analysts, banking consultants and others industry experts.

14.5.2019 - The CEE opportunity: supporting growth in the region
  • Macro-economic outlook: CEE likely outperformer in emerging markets
  • Corporates and SMEs: confirming growth potential
  • Retail banking: human and digital capital driving growth
  • Green, social and sustainability bonds: growing commitment to ethics
  • CEE region confirmed as an important growth engine for UniCredit

 

MACRO-ECONOMIC OUTLOOK: CEE LIKELY OUTPERFORMER IN EMERGING MARKET

Growth in the CEE region will likely remain at a healthy pace in 2019 in most countries

 

External environment: A cyclical slowdown of global growth is expected in 2019 and 2020, mainly due to an expected technical recession in the US, where the current recovery period will likely be the longest on record. The slowdown in global trade has already materialised, with a short-term recovery expected this summer thanks to a probable rebound in German manufacturing, a potential trade deal between the US and China and looser global financial conditions once the Fed and the ECB have become more dovish. Later in 2019 and in 2020, the global slowdown will mainly be driven by the end of the cycle in the US. The euro area is expected to see economic growth slowing to 1.0 per cent in 2019 and 2020.

 

CEE likely outperformer in emerging markets: like the rest of the world, CEE will be affected by the global slowdown, however the region might be better placed than other emerging markets to face external headwinds thanks to the strength of domestic demand, supportive monetary policy and lower reliance on short-term volatile external funding. The economic environment is expected to remain favourable in 2019. After a peak in 2018, GDP in the EU-member CEE countries is expected to continue to grow above expected long-term rates with Poland, Hungary, Bulgaria, Slovakia, Serbia and Slovenia all above 3.2 per cent YoY. Russia is expected to grow close to 1 per cent while Turkey is undergoing its first recession since the global financial crisis but could return to growth in 2020. 

   

CORPORATE AND SMEs: CONFIRMING GROWTH POTENTIAL

UniCredit to leverage on expected CEE GDP growth in 2019 with the region reaping the benefits of being an open economy and Foreign Direct Investments and EU Funds playing a relevant role for the economy and ensuring growth potential for corporate sector and SMEs.

Corporate sector and M&A market: The CEE corporate sector remains conservative in terms of financing, focusing mostly on traditional bank lending. There is still room for growth in terms of debt and equity financing, although largely dependent on each country’s specific factors.
M&A in the region has seen the highest deal value of the last 5 years in 2018, though far below historical highs. There were 222 transactions in 2018 (254 in 2017), with the consumer sector being the most active, with 48 deals followed, by TMT and FIG. In 2018, UniCredit was involved in 20 transactions in the CEE region – more than any other investment bank. This positions UniCredit as the leader in M&A league tables in terms of number of transactions for the fifth consecutive year.

CEE shows dynamic corporates and SMEs supporting the economic growth: UniCredit offers a full range of banking products and services to Corporates and SMEs and is focused on further improving its offer, in order to anticipate and meet clients’ needs. The CEE SME sector employs 11.4 million people in 3.2 million enterprises, creating EUR 195 million of economic added value.
It is largely impacted by trends imposed by the fast changing environment, that are creating new needs to be addressed by banks – regulatory impacts, capital markets and digitalisation. Among other initiatives, in the SME sector UniCredit provides support through the dedicated UniCredit CEE Lounge - an exclusive partnership with the London Stock Exchange Group’s ELITE initiative, helping them better understand the various funding options available, as well as prepare them to interact with investors, which might be required to support their future growth. To date, the UniCredit CEE Lounge has admitted more than 60 companies from 11 countries across UniCredit's CEE network. UniCredit also continues to facilitate access to EU fund opportunities, that play a very important role in CEE (approx. 90 billion EUR in 2014-2017, 18% of EU budget).

 

Andrea Diamanti, Head of CEE Corporate and Investment Banking and Private Banking, UniCredit stated: “As the largest lender in the region and a strong partner of our clients and the communities in which we operate, we strive to support their development and growth. Our strength lies in our deep knowledge of local markets, our strong international network and our continued investments in digitalisation to meet and anticipate clients’ needs.

 

RETAIL BANKING: HUMAN AND DIGITAL CAPITAL DRIVING GROWTH

Human capital, digital readiness and the technological footprint are the features that make CEE geographies the ideal ground for digitalisation, growth and development.

CEE Banking sector efficiency: CEE and Western European markets have similar populations of approximately 150 million citizens where convergence is occurring, pushing up incomes and nominal GDP to the levels of EU average. However, CEE markets in the Retail Banking business have room to grow thanks to:

  • lower banking costs of CEE Banks that can serve similar populations with contained operative costs and greater efficiency in terms of employees, branches and ATMs
  • less penetration in terms of volumes/GDP Retail loans market size (ca. 9 per cent vs ca. 14 per cent)
  • a faster digitalisation rate, due to smaller technological legacy, resulting in higher speed of broadband coverage and in faster online  penetration growth (76,3 per cent)

 

Ivan Vlaho, Head of CEE Retail in UniCredit commented: “UniCredit serves more than 15 per cent of the CEE banking population with one of the largest networks in the region and a truly multichannel approach. We leverage on data analytics to really know our customers and to provide them with the best customer experience through every channel, thanks to our best practice sharing and competence centers, while simplifying our processes at the same time. This commitment is having positive results. The size of our customer base is growing and the number of mobile banking users also increased from 13 per cent in 2015 to 40 per cent today”.

 

GREEN, SOCIAL AND SUSTAINABILITY BONDS: GROWING COMMITMENT TO ETHICS

The growing interest to Green financing sources, like Green Bonds, shows evidence of businesses appreciating sustainability values and its commitment to being good corporate citizens.

Market development by outstanding volume: Issuance volumes are growing apace. Green bond issuance reached a peak of USD 167 billion in 2018 (increasing by 5.8% yoy) despite lower issuance volume in the global bond market. For 2019, we expect green bond issuance to increase further, to USD 170 billion (up by 1.7% yoy). Issuance volumes in Europe reached USD 66 billion in 2018, contributing 40 per cent to total new issuance in 2018. We expect European issuers to bring USD 72 billion into the primary market in 2019 (comprising 42 per cent of total new issuance of green bonds).

UniCredit a pioneer to bring green bonds to the market: UniCredit has been active in the market for Green, Social and Sustainability Bonds from the start, being the Joint Lead Manager in the European Investment Bank’s climate Awareness Bond in 2007. UniCredit has since underlined its expertise through numerous mandates in landmark Green Bonds. In CEE Slovenia's promotional and development bank SID Banka successfully priced in 2018 its  naugural Green Bond transaction (EUR 75 million) being the first Green Bond from an issuer in Slovenia. UniCredit acted as sole bookrunner & green bond structuring bank.

 

CEE region confirmed as an important growth engine for UniCredit

CEE continues to be an important growth engine for the Group with a further strengthened leadership position and continued strong client growth in 2018. UniCredit is the largest lender in the CEE region (EUR 65.33 billion) with 11.6 per cent market share in lending and solid growth in the last 5 years. UniCredit is ranked as #1 in CEE overall in terms of total assets, and in the top 5 in most individual CEE countries.


UniCredit’s customer base in CEE is constantly growing towards the target of 2.6 million net new customers by the end of 2019. The quality of the portfolio is also improving, with the ratio of gross NPEs reduced by 152 basis points (from 7.9 to 6.4 per cent) in FY18 when compared to FY17.

As a result, the return on allocated capital stood at 15.7 per cent in 2018, once again underlining the strong profitability of the CEE division.

UniCredit’s success in the region is based on its solid franchise - one of the largest and most diversified in CEE, 1663 branches in 11 countries - with strong local coverage and relationship management and the ability to leverage global product lines, “best-in-class” services and the know-how of the Group to best serve its customers. UniCredit’s market position in CEE provides local banks with a substantial competitive advantage thanks to strong brand recognition, access to international markets, sharing of best practice and significant economies of scale.

 

About UniCredit

UniCredit is a simple successful pan-European Commercial Bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to its extensive client franchise: 26 million clients.

UniCredit offers both local and international expertise to its clients, providing them with unparalleled access to leading banks in its 14 core markets through its European banking network: Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Serbia, Slovakia, Slovenia and Turkey. Leveraging on an international network of representative offices and branches, UniCredit serves clients in  another 18 countries worldwide.

For more information, please go to www.unicreditgroup.eu/en.

 
4.4.2019 - Paolo Iannone has become General Manager of UniCredit Bank

UniCredit Bank has changed the organisational governance structure of its top leadership team. Paolo Iannone, Deputy CEO and Vice-Chairman of the Board of Directors has become General Manager.

Apart from currently leading the business divisions of retail, private, corporate and investment banking, and Global Banking Services division, Paolo Iannone will also be newly leading the Slovak Branch and the business enabling functions – namely Human Resources and Identity & Communication. He will still hold his office of Vice-Chairman of the Board of Directors with reporting line to the chairman of the Board of Directors and CEO of the bank, Jakub Dusílek.

 

Paolo Iannone has forty years of solid experience within UniCredit Group, of which twenty are in top leadership positions. Within the top leadership at UniCredit Bank in the Czech Republic for more than ten years, he initiated and was driving the bank’s transformation in a fully-fledged universal bank.

 

Before joining the Czech and Slovak markets, Paolo Iannone was Vice-Chairman of the Board of Directors at the Polish Bank Pekao. Previously he was responsible for the development of retail banking in New Europe Division of UniCredit.

 

1.4.2019 - UniCredit Bank promotes increasing energy efficiency with a grant from 5 to 20 percent of the loan amount

Promoting energy efficiency is one of the key priorities of the global community. UniCredit Bank is one of four commercial banks in Slovakia which are part of the SlovSEFF III programme. In cooperation with the Ministry of Environment of the Slovak Republic and the Ministry of Agriculture, Food and Environment of Spain, the European Bank for Reconstruction and Development (EBRD) allocated funds to provide loans from the EBRD credit line to promote energy efficiency in the private sector in order to reduce greenhouse gas emissions.

 

For its clients from among private companies, companies providing energy services, flat owners' associations and residential building management companies, UniCredit Bank introduces a financial product with a simple, easily available and quick process. The bank thus offers the possibility of obtaining a loan from the EBRD credit line (SlovSEFF III) to its corporate clients for the purposes of promoting energy efficiency and, with regard to such loan, clients obtain a grant amounting to 5 to 20 per cent of the disbursed loan amount. The entire project is implemented without public tender (without public procurement). A free-of-charge technical assistance which can be used by clients at any time during the project, including the identification of energy savings measures, is provided within the SlovSEFF programme.

 

Promoted fields where the SlovSEFF programme can be used:

 

Renewable energies

The bank offers loans starting from EUR 100,000 up to EUR 10 million to clients implementing projects in the field of renewable energies.

 

Energy efficiency in the industry

Projects for promoting energy efficiency in the industry may obtain loans of up to EUR 5 million.

 

Energy efficiency in housing

The amount of loans for projects promoting energy efficiency in housing is not defined.

 

Read more here.

 

29.3.2019 - UniCredit joins Earth Hour 2019 across 14 countries

Tomorrow, Saturday 30 March at 8.30pm, UniCredit will turn off the lights in 74 buildings across 14 countries (Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Germany, Hungary, Italy, Romania, Russia, Serbia, Slovenia, Slovakia, United Kingdom) for sixty minutes marking the Group's twelfth consecutive year of participating in Earth Hour, the World Wildlife Fund’s (WWF) global initiative which brings together citizens, institutions and companies in a common goal to give the world a sustainable future and combat the challenge of climate change.

 

Giuseppe Zammarchi, Head of Group Sustainability and Foundation, said: “We participate in Earth Hour every year as part of our wider efforts to support sustainable development and the conservation of the environment. In particular, UniCredit’s climate strategy calls for a major reduction in our operational emissions of greenhouse gases. The Group’s target is to reduce carbon emissions by 60 percent by 2020, and the long-term target is a reduction of 80 percent by 2030.

 

In 2018, UniCredit achieved an overall reduction of 49 percent versus its 2008 emissions. The Group accomplished this by enhancing energy efficiency, reducing its office space by 172,000 square meters in Western Europe, offering smarter ways to use workspaces, and by increasing the digitalisation of its banking operations. We continue to use new technologies to reduce the environmental footprint, costs and emissions of our operations.

 

UniCredit’s Austria Campus, the new headquarters of UniCredit Bank Austria AG, opened last year is among the Group buildings to switch off their lights. Austria Campus unites UniCredit Bank Austria, the Bank’s CEE units and all the other Group companies based in Vienna in one location. Austria Campus has been one of the largest relocation projects in Central Europe, including 5,300 employees together with the IT infrastructure who were relocated to the new company headquarters without any interruptions to business. The Campus has its own system for extracting geothermal energy, which is one of the largest in Europe in terms of area. The energy it produces is used for basic heating in the winter and cooling in the summer, in compliance with all the relevant environmental regulations.

 

The main buildings participating in Earth Hour this year are listed below:

 

 

 

 

Country City Adress
Austria


Vienna


Campus, Rothschildplatz 1
Campus, Rothschildplatz 4
Danube Tower
Bosnia and Herzegovina
Mostar
Kardinala Stepinca bb
Sarajevo
Zelenih beretki, 24
Bulgaria Sofia 7, nám. Sveta Nedelya
14, ul. Gyueshevo
8, ul. Aksakov
Ruse 5, nám. Sveta Troitsa
Varna 1, ul. Petko Karavelov
Burgas 22, Alexandrovska ul.
Stara Zagora 126, Simeon Veliki Blvd.
Plovdiv 4 Ivan Vazov Str.
Croaria Zagreb
Samoborska, 145
Resellova, 4
Vlaška cesta
Trg bana Josipa Jelačića, 10
Czech Republic
Prague 4, Želetavská 1 – Filadelfie
1, Náměstí Republiky 3a - Bankový dům
Germany Munich HVB Tower, Arabellastrasse, 12
HHO, Arabellastrasse, 14
KF14, Kardinal-Faulhaber-Str., 14
Hungary
Budapest Szabadság tér 5-6
Italy


Milan
UniCredit Tower A - Piazza Gae Aulenti, 3
Cologno Monzese
Via Volta, 1
Bologna
Via del Lavoro
Reggio Emilia
Via Rivoluzione di Ottobre 16
Rome
Via Tupini, 180
Largo Fochetti, 16
Largo Anzani
Genova
Via Dante 1
Palermo
Via Ruggiero Settimo, 26
Romania
Bucharest UniCredit Tower, Bulevardul Expoziției 1F
Fabrica de Glucoza, 5
Iasi Strada Palas Nr. 5C
Russia Moscow Prečistenskaja emb., 9
Butikovského ul., 9
Novočerkasského ul., 18/1
1. Kazachská ul., 9/1
1. Tversko-Jamská ul., 28/1
Ul. Leningradská, 44
Ul. Bolšaja Gruzinskaja, 58/60
Ul. Komsomolská, 44
Ul. Leninská, 70/11
Ul. Ostoženka, 5
Pjatnickaja ul., 14/1
Zuborský bulvár, 29
St. Pietroburgo
Fontanka emb., 2/48
Novatotov blvd., 8A
Moskovská ul., 193A
Moskovská ul., 192-194
Efimova ul., 4a
Novočerkasského ul., 43/17
Ekaterinburg Ul. Nikolaja Nironova, 4
Nižný Novgorod Kostina ul., 20
Novosibirsk Ul. Maxima Gorkého, 53
Chelyabinsk Ul. Karla Marxa, 38
Krasnodar Stavropolska ul., 41
Perm Monastyrska ul., 41
Samara Čapajevova ul., 178
Rostov-on-Don Socialistická/ Serafimovičova ul., 58/51
Kaluga Puškonova ul., 1/20
Voronezh Komissarževská ul., 13
Ufa Kirova ul., 27
Volgograd Novorosijskaja ul., 11
Stavropol Dovatortsevská ul., 38A
Serbia Belgrade Rajiceva ul., 27-29
BBC, Jurija Gagarina, 12
Blue House Center, Spanskih boraca, 3
Jurija Gagarina, 30
Jurija Gagarina, 12
Slovenia
Ljubljana
Šmartinska cesta 140
Slovakia
Bratislava
Šancová 1/A
United Kingddom
London
Moor House 120, London Wall

 

20.9.2019 - UniCredit joins Global Week of Climate Action promoting staff engagement on the topic

UniCredit is joining the Global Week of Climate Action (20-27 September) in recognition that companies and the society at large need a new approach to build a sustainable future. The bank’s staff is encouraged to spend one hour on Friday 20 September 2019 focused on the topic of climate change. Employees are asked to exchange ideas with colleagues and clients about what is already being done to combat climate change and what else can UniCredit do to make  difference.

Staff has also been asked to share their best ideas through which the group can contribute to protecting the sustainability of the environment. Approximately 500 ideas have already been put forward by colleagues for evaluation.

Jean Pierre Mustier, UniCredit CEO, commented: “To take care of our world, we can no longer continue with ‘business
as usual’. We need a new approach to build a sustainable future. This is an important challenge for both people and businesses. It has an impact on current and future generations, which is why we need to create awareness on this and work together as One Bank, One UniCredit, to identify new, smarter solutions to protect our future.

UniCredit’s support of the Global Week of Climate Action through employee engagement is part of the group’s wider sustainability efforts. This includes the ongoing review of current business policies to assess the need for updated or new guidelines with regards to climate change. Some of the bank’s wider sustainability efforts further include:

  • Decreasing operational emissions – 60 per cent by 2020: In 2018, the bank decreased its operational emissions by 49 per cent compared to 2008 – on target for the 2020 goal (long term target is a reduction of 80 per cent by 2030).
  • Increasing use of renewable energy: Last year, 78 per cent of the group’s total electricity consumption came from renewable energy sources.
  • Make premises and data centres more energy-efficient: UniCredit has so far installed centralised, remote controlled heating, ventilation and air conditioning systems in around 1000 branches and energy monitoring devices in 800 branches.
  • Reduce the environmental footprint, operational costs and emissions of the group: In 2018, UniCredit reduced its office space by 172,000 square metres in Western Europe alone.
  • Plastic-free project: The bank has launched a plastic-free project in line with the European Directive 2018/0172 in order to significantly reduce the use of plastic across UniCredit’s offices and branches by 2020.

 

About UniCredit

UniCredit is a simple successful pan-European Commercial Bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to its extensive client franchise. UniCredit offers both local and international expertise to its clients, providing them with unparalleled access to leading banks in its 14 core markets through its European banking network: Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Serbia, Slovakia, Slovenia and Turkey. Leveraging on an international network of representative offices and branches, UniCredit serves clients in another 18 countries worldwide. For more information on UniCredit’s sustainability, see here

27.2.2019 - UniCredit named best distributor of structured retail products in Austria, Germany, Italy and Slovakia

Annual industry awards recognise UniCredit’s excellence both as a distributor in its core markets and as Europe’s best private bank

 

UniCredit’s retail and private banking networks have once again been recognised for their achievements in the distribution of structured products and certificates, coming away with a clutch of awards at Structured Retail Products’ SRP Europe Conference 2019, including:

 

  • Best Distributor, Germany & Austria
  • Best Distributor, Italy
  • Best Distributor / Best Performance, Austria
  • Best Distributor / Best Performance, Slovakia

 

Algis Pabarcius, UniCredit’s Head of Markets Sales, said: “We are delighted to have been recognised by SRP at this year’s conference, with these outstanding achievements the result of our fully plugged-in CIB. Our clients receive the highest standard of customer service, benefiting from close synergies with our distribution networks.”

 

UniCredit’s Private Investor Products team is responsible for the distribution of Markets products across all asset classes to the Group’s extensive client franchise. Acting as a sales organisation and product manufacturer, it develops best-in-class solutions to meet a broad spectrum of investment needs.

The SRP awards remain the only quant-driven, independent awards for the structured products industry and are based on sales volume and performance data. This year’s results are the culmination of a comprehensive data analysis performed by the publication covering the period of 1 October 2017 to 30 September 2018.

 

At the same event, UniCredit Private Banking was also recognised as the Best Private Bank Europe.

 

Pabarcius added: “Our primary focus is to help our clients gain greater control over their portfolios. The number of our private banking clients investing in structured products and certificates remains at a consistently high-level in Germany and across CEE. In addition, Italy and Austria have experienced 10% growth during the time surveyed.

UniCredit Private Banking offers a full range of services and customisable products to over 260,000 clients in 14 European countries, addressing the complexity of markets with clear and transparent strategies to protect and optimize client wealth .

 

UniCredit

 

UniCredit is a simple, successful pan-European commercial bank, with a fully plugged-in CIB, delivering a unique Western, Central and Eastern European network to its extensive client franchise of 26 million clients.

UniCredit offers local expertise and international reach, supporting its clients globally and providing them with unparalleled access to leading banks in its 14 core markets as well as 16 other countries worldwide. UniCredit European banking network includes Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Serbia, Slovakia, Slovenia and Turkey.

 

Structured Retail Products

 

Structured Retail Products (SRP) is part of Euromoney Institutional Investor PLC, one of the largest media groups in Europe and a member of the FTSE 250. SRP was founded in 2001 in response to an increasing need from the derivatives and structured products market for the highest quality market intelligence.

SRP’s Mission is to educate by demystifying the industry, using data, news and events to showcase the value of structured products. SRP owns and maintains the specialist industry website

 

 


 

Contact details:                

Petr Plocek, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

 

e-mail: petr.plocek@unicreditgroup.cz

 

tel: 606 694 156

 

 

 

 

22.2.2019 - Euromoney’s Private Banking and Wealth Management Survey has recognised UniCredit as a leader in Private Banking and Wealth management in 2019

The Euromoney Private Banking and Wealth Management Survey recognises the leading providers of private banking services and this year collected 2230 responses from across the industry.

 

UniCredit has been recognised as a leader across several categories of the survey, the winners of which were announced at a gala dinner in London last night.

 

 

UniCredit won in the following categories:

  • Central & Eastern Europe
  • Asset Management
  • International Clients
  • Net-worth-specific services
    • subcategory: Ultra High Net Worth clients (Greater than US$ 30 million)
  • Net-worth-specific services
    • subcategory: High Net Worth clients (US$ 5 million to US$ 30 million)
  • Net-worth-specific services
    • subcategory: Super affluent clients (US$ 1 million to US$ 5 million)
  • Research and Asset Allocation Advice
  • Succession Planning Advice and Trusts
  • Technology
 

Austria

  • Net-worth-specific services
    • subcategory: Super affluent clients (US$ 1 million to US$ 5 million)
     
     

Croatia

  • Asset Management
  • Net-worth-specific services
    • subcategory: Super affluent clients (US$ 1 million to US$ 5 million)
  • Research and Asset Allocation Advice
  • Succession Planning Advice and Trusts

 

Hungary

  • Research and Asset Allocation Advice

 

Romania

  • Best Private Banking Services Overall
  • Net-worth-specific services
    • subcategory: High Net Worth clients (US$ 5 million to US$ 30 million)
  • Technology

 

Slovakia

  • ESG/Social Impact Investing

 

Andrea Diamanti, head of CEE CIB &PB said: We are very pleased to receive this recognition from the results of the 2019 Euromoney Private Banking and Wealth Management Survey and I want to congratulate all the colleagues who have contributed to this success. These awards confirm that we are recognised as leaders by our peers. In fact, more than 2000 private bankers took part in the 2019 survey. This also demonstrates that our clients in Western, Central and Eastern Europe appreciate our efforts to offer the best possible service and best investment solutions. We are constantly fine-tuning our service approach and investing in new technologies to continue meeting evolving client needs.”

 

The Euromoney Private Banking and Wealth Management Survey provides a qualitative review of the best services in private banking, by region and by area of service. It is an informative guide for high net-worth individuals on the range of professional wealth management service providers that are available.

 

 

 

 

 

21.2.2019 - UniCredit launches Group-wide Social Impact Banking

Following the successful first year of operations in Italy with € 72.9 million of impact financing approved, SIB will be launched in ten additional markets in 2019. The roll out will be supported also through the sale of the art collections in Italy, Germany and Austria.

 

The Social Impact Banking (SIB) initiative of UniCredit in Italy has approved € 72.9 million of impact financing to date, including 31 impact financing loans amounting to € 32.6 million and 2,050 microcredit loans amounting to € 40.3 million. A total of € 47.8 million have been disbursed. See more details on the key achievements below.


UniCredit is extending the initiative on a gradual basis to the other markets of the Group in 2019, including: Germany, Austria, Serbia, Croatia, Hungary, Bulgaria, Romania, Turkey, the Czech Republic and Slovakia, and Bosnia and Herzegovina. The SIB model to foster positive social impacts will be adapted in each market according to local needs. The wider rollout of SIB in 2019 is fully in line with the initial ambitions of the project and with UniCredit’s strong commitment to helping to develop the communities in which the Bank operates. The further rollout will also be supported by a progressive sale of UniCredit’s local art collections in Italy, Germany and Austria, with initial proceeds of around € 50 million. Some art pieces will be donated to local museums. The proceeds will primarily be reinvested in SIB initiatives. The rest of the proceeds will be dedicated to other relevant projects, including the local support of young artists.

 

Jean Pierre Mustier, UniCredit CEO, commented: “At UniCredit, we are proud that all our actions are guided by a strong sense of ethics, based on clear values. One of these is the importance of supporting our local communities everywhere where the Bank is present. Our Social Impact Banking initiative has achieved great results so far in Italy and we are now extending it to other markets with the same core purpose of looking beyond economic returns in our investments to achieve a tangible positive impact on society. We will gradually sell our art collections to support this initiative, giving some of our art pieces to local museums and investing in younger artists.”

 

Social Impact Banking is UniCredit's commitment to building a fairer and more inclusive society. Its aim is to identify, finance and promote people and enterprises that can have a positive social impact. The approach seeks to generate both, economic returns of our investments and wider societal benefits. As well as continuously providing credit to projects and organisations that are generally excluded from traditional banking products and services, SIB allows UniCredit to share its financial and business knowhow through educational initiatives dedicated to micro-entrepreneurs, social enterprises and vulnerable or disadvantaged groups, including young people, the elderly and others at risk of social exclusion. The engagement of UniCredit’s employees is a key driving force behind the training and support activities provided through SIB, which help build valuable networks within the communities where the Bank operates, bringing people together to share positive experiences and raising awareness of relevant projects to increase their potential societal impact. SIB also has a strong focus on monitoring and the measurement of outcomes, which is essential for ensuring the sustainable growth of both the sponsored projects and the Bank’s investment returns. The aim is to measure not only the direct, but also the indirect positive impacts generated by the projects backed in terms of social and economic well-being within UniCredit’s communities.

 

Overview of Social Impact Banking achievements in Italy in 2018

  • € 72.9 million of impact financing approved of which € 47.8 million have been disbursed
  • This includes the approval of 31 impact financing loans amounting to € 32.6 million and 2,050 microcredit loans amounting to € 40.3 million
  •  86 partners on-boarded
  • 15,800 students involved in financial education programmes provided in the academic year 2017-18 and 14,900 students involved in the academic year 2018-19, including over 9,500 new students bringing the total number of unique participants served to more than 25,300 to date
  • 1,245,000 certified training hours delivered, out of which 840,000 hours were dedicated to projectbased learning
  • 76 per cent of students say they were satisfied or highly satisfied with the programme(s) and 85 per cent considered the contents either useful or very useful
  • 370 UniCredit tutors involved in training delivery

 

About UniCredit
UniCredit is a simple successful pan-European Commercial Bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to its extensive client franchise: 26 million clients. UniCredit offers both local and international expertise to its clients, providing them with unparalleled access to leading banks in its 14 core markets through its European banking network: Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Serbia, Slovakia, Slovenia and Turkey. Leveraging on an international network of representative offices and branches, UniCredit serves clients in another 18 countries worldwide.

 

 

 

 

 

04/01/19 UniCredit Bank awarded as the best corporate bank in the Czech Republic by Global Banking & Finance review

UniCredit Bank has been awarded as the best corporate bank in the Czech Republic by the international Global Banking & Finance review, which unveils a list of the best banks worldwide each year across several categories, including corporate banking.

UniCredit Bank was among the eighteen banks globally to receive an award in the corporate banking country category this year.

“We are honoured that UniCredit Bank has been awarded as the best corporate bank in the Czech Republic by the Global Banking & Finance review. This award is an acknowledgement of our leading position in the corporate banking market segment, our expertise and the professionalism of our relationship managers who are in day-to-day contact with companies and entrepreneurs on the Czech and also on the Slovak market, where we are present.The award also demonstrates our commitment to continuing to follow the path of our bank in the region, which has been to help boost the economy of both countries over several decades,” says Jiří Kunert, Chairman of the Board of Directors and CEO of UniCredit Bank in the Czech Republic and Slovakia.

The results of the Global Banking & Finance review’s awards acknowledge business results, strategies and innovations as well as progressive and inspirational changes within the global financial community. With over 3.6 million readers (bankers and investors), the prestigious magazine has been publishing its list of awards on an annual basis since 2011. Within UniCredit Group, two awards were also given to the Croatian Banka Zagrebacka (Best Investment Bank Croatia) and to UniCredit Leasing Croatia (Best Leasing Company Croatia). Furthermore, Yapi Kredi also received two awards (Best Private Bank Turkey and Best Digital Payments Turkey).

 

 

23/11/2018 - On Black Friday, UniCredit Bank introduces a bonus of 40 euros per every PRESTO Loan application filed successfully

Forty euros for the super favourable PRESTO Loan and a reduced interest rate on PRESTO Loans for Housing. This is this year’s Black Friday at UniCredit Bank – a bank which three years ago has joined this black pre-Christmas fever as the first bank on the domestic market. This year, UniCredit Bank will offer favourable conditions to everyone who visits any branch of UniCredit Bank, UniCredit Bank Expres, their web or the UniCreditShop from 23 November until 7 December. Special attention should be paid by those who want to get their debts in order at the end of the year and earn some money. Owing to the interest rate on PRESTO Loans, which start from 3.9 % p.a., you can get the lowest monthly instalment on the market. And this is an offer which can literally light up more than one Slovak household.

 

In Slovakia, the Black Friday shopping event is really popular. Slovak people love favourable offers. Statistics show that discounts are specifically targeted by up to one third more people than three years ago, however, most of them are paying much more attention when shopping. What is important for them is the fairness of the offer as well as the quality of the services and goods. Therefore, UniCredit Bank introduces its own Black Friday, offering a bonus for PRESTO Loans for its new and existing clients. All clients who successfully complete their applications for a PRESTO Loan for Anything or transfer their existing loans to UniCredit Bank from 23 November until 7 December will not only get an exceptionally low instalment, they also have the opportunity to get a bonus of 40 euros back to their payment account. Moreover, UniCredit Bank will give 4 euros to new clients with a U konto account every month for a full year.

 

“We have joined the Black Friday fever as the first bank three years ago and our clients are always looking forward to our offers,” says Tomáš Drábek, Member of the Board of Directors and Head of Retail & Private Banking at UniCredit Bank, adding: “We aim at providing our clients with simple products and services which can make their lives easier and more comfortable. Now, in the Black Friday offer, we offer them even better conditions when taking out a PRESTO Loan.”

 

Within the Black Friday event, UniCredit Bank offers a 0.5 % discount on the already favourable interest rate, which starts from 4.9 % p.a., to clients who take out a PRESTO Loan for Housing until 7 December. The discount applies to new and existing clients.

 

Read more about Black Friday with UniCredit Bank at www.unicreditbank.sk.

 


Contact details:

Zuzana Ďuďáková,

Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

Email: zuzana.dudakova@unicreditgroup.sk

Tel. No.: +421 2 4950 2303

15/11/2018 - Jakub Dusílek appointed new Chairman of the Management Board and CEO of UniCredit Bank Czech Republic and Slovakia from 2 April, 2019

The Supervisory Board of UniCredit Bank Czech Republic and Slovakia has approved the appointment of Jakub Dusílek as a new member, designated new Chairman of the Management Board and CEO of UniCredit Bank Czech Republic and Slovakia, subject to approval from the Czech National Bank. After the CNB approval, he will formally take over the position on 2 April, 2019.

 

Jakub Dusílek will replace Mr. Jiří Kunert, who will leave his current role at the end of his mandate which finishes on April, 1 2019 and retire, after successfully leading UniCredit Bank Czech Republic and Slovakia and its predecessors’ banks for 30 years.

 

Jiří Kunert will continue to support the bank as a member of the UniCredit Czech Republic and Slovakia Supervisory Board and will work closely with Jakub Dusílek to ensure a smooth transition.

 

With his extensive experience, Jiří is a real protagonist of the banking sector, often recognised as the best banker in Czech Republic,” commented Carlo Vivaldi, Head of CEE Division at UniCredit. Under his leadership, the bank has grown steadily and been an active contributor to the economic development of the countries where it operates. He led our first cross-border merger, between the Czech and the Slovak entities, building a strong corporate, private, and retail banking offer and further strengthening our position as one of the market leaders. He will hand over a bank in an excellent position to continue to grow”.

 

Carlo Vivaldi added: ”I am delighted that the new CEO has been once again chosen from our internal successor pool, which demonstrates our continued commitment to the development of our people. He is very well placed to continue the legacy of UniCredit Bank and we offer him the warmest welcome in the new role.”

 

Jakub Dusílek says: “I am honoured to be given this opportunity. I approach the new challenge with humility and enthusiasm. I look forward to working with the team in both countries soon and to continue building on the successful growth of UniCredit Bank as one of leading banks in the Czech and Slovak markets.

 

It has been an honour for me to be the CEO of UniCredit Bank Czech Republic and Slovakia,” commented Jiří Kunert, CEO of UniCredit Bank Czech Republic and Slovakia. I wish all the best to Jakub Dusílek and I am sure that hisr experience and knowledge gained from the years spent in different positions in the Group will ensure our bank will remain on its successful path in the Czech and Slovak markets. I look forward to continuing to support UniCredit in my new role within the Supervisory Board of UniCredit Czech Republic and Slovakia.

 

Short bio of Jakub Dusílek

Jakub Dusílek started his career in our Group in 2003, serving as Manager of regional branch and afterwards as Director of Corporate Sales Support at former Živnostenská banka. Later, he served as Head of Retail Product and Segment Management and Head of Strategic Coordination of UniCredit Bank Czech Republic. In 2011 and 2012, he served as Chairman of the Board of Directors and CEO of UniCredit Leasing in Slovakia. Later in 2012, he was appointed Member of the Board of Directors and Director of Global Banking Services in the Czech Republic. He pursued his international career as Member of the Board of Directors at UniCredit Bank Romania in 2016-2018. Jakub graduated from the Faculty of Law of Masaryk University in Brno and also studied CIME at CTU. He holds an MBA from Sheffield Hallam University.

 


Contact details:                

Petr Plocek, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

e-mail: petr.plocek@unicreditgroup.cz

tel: 606 694 156

9/11/2018 - UniCredit Bank celebrates the 150th anniversary of the founding of Živnostenská Bank, one of the first Czech banks, which became the backbone of the domestic economy

From one of the first banks to a leader in the Czech and Slovak banking market and part of a successful pan-European Commercial Group. UniCredit Bank celebrates the 150th anniversary of the founding of its predecessor, Živnostenská Bank, in the Czech Republic and Slovakia, which had a significant impact on the development of the country’s economy.

ŽIVNOBANKA 150. VÝROČÍ

 

On the occasion of the 150th anniversary of Živnostenská Bank and the celebration of 100 years of domestic banking, UniCredit Bank invited a number of renowned persons from across the banking sector to the former premises of Živnostenská Bank, now the Czech National Bank. The history, the present and the future of banking in the Czech Republic and Slovakia was presented by: Jiří Rusnok, Governor of the Czech National Bank, Václav Klaus, Former President of the Czech Republic, Jiří Kunert, CEO of UniCredit Bank, Carlo Vivaldi, Head of the CEE Division of UniCredit, Tomáš Prouza, President of the Confederation of Trade, and writer and historian Pavel Kosatík.

The UniCredit Forum also featured an exhibition describing the fascinating history and importance of Živnostenská Bank as well as its transformation into UniCredit Bank.

 

After the creation of the Czechoslovak state, Živnostenská Bank took the lead in banking as well as in economic life and managed to quickly switch to modern operating methods. At UniCredit Bank we have proudly continued this tradition. In recent years we have experienced several important events and accomplishments: the first cross-border banking merger of Czech and Slovak branches, the consolidation of services under UniCredit Bank as well as the development of strong corporate, private and retail banking have further bolstered our leading market position,“ says Jiří Kunert, Chairman of the Board of Directors and CEO of UniCredit Bank, who also served as long-term director of Živnostenská Bank. It is an honour that thanks to our clients, their families and companies, we can be a protagonist not only in terms of history, but also in the development of the domestic economy across several decades.

 

Investing in the future

Over the last few years, UniCredit Bank introduced many developments and innovations to the market. It considerably reinforced its distribution network, implemented the concept of franchise outlets, introduced its flagship free account, and provided its clients with simple mobile and internet banking as well as the opportunity to purchase banking products online. UniCredit Bank has always been focused on retail, corporate and investment banking in order to provide best-in-class service to its clients. Given the fast evolving needs of clients, the bank is constantly looking ahead and continues to invest in its digitalisation.

Digital is a key pillar of our strategic plan, Transform 2019, and we are making considerable investments in innovation and IT systems to meet and anticipate customers’ changing needs, behaviours and expectations. Clients ask for speed, innovation and simplicity and the aim of our digital transformation is to improve their experience while enhancing efficiency. In the future, we will concentrate our investments on providing services with high added value while using relevant data to personalise the products and services on offer to the greatest extent possible. We also want to continue investing in our people – our main competitive advantage,“ says Carlo Vivaldi, Head of the CEE Division of UniCredit Group.

 


Contact details:

Zuzana Ďuďáková,

Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

Email: zuzana.dudakova@unicreditgroup.sk

Tel. No.: +421 2 4950 2303

7/11/2018 - UniCredit Bank now offers a new generation of guaranteed investments by Amundi

In today’s low-rate environment, investment is a sound way to make your savings grow. “The new generation of guaranteed investments by Amundi, a European leader in investment, shows that you can make investments without any unnecessary risk. With Amundi Funds Protect 90, UniCredit Bank clients have a 90% guaranteed protection of their invested funds,” says Tomáš Drábek, Member of the Board of Directors and Head of Retail and Private Banking at UniCredit Bank.

 

UniCredit Bank and the European leader in investment Amundi respond to market needs and introduce a common initiative in Slovakia. This initiative has resulted in the introduction of a new fund Amundi Funds Protect 90. For clients, it means an opportunity to increase the value of their finances with a guaranteed protection of the invested money and loss minimisation.

 

Investment in Amundi mutual funds with UniCredit Bank benefits from the active and flexible management, offering investors a maximum of available investment opportunities. The biggest advantage of the new fund is the guaranteed protection of the value. Amundi guarantees a minimum of 90% of the fund’s highest net asset value recorded. If the markets are growing, the guaranteed value of the investment is rising as well.

Amundi and UniCredit Bank protects the investments of their clients from the bottom. The fund entails a wide range of assets, carrying lower risk. “Amundi Funds Protect 90 is intended for all investors who want to increase the value of their finances, are risk-sensitive, request a guarantee and also want to make use of the markets' growth potential,” adds Drábek.

 

According to the recent exploratory survey of UniCredit Bank, nearly a half of the Slovaks surveyed claim to not understand investment. More than a half of adult Slovaks (61%) make no investments at all despite having the available financial sources. This has been demonstrated by a telephone online survey, conducted for UniCredit Bank in July this year. However, we can draw inspiration from other Europeans. According to the OECD data, investment is a top priority for a half of the Swedes or Italians and, let’s say, the British have 9.5 thousand euros invested on average. But while there are large amounts of money deposited on accounts here, the British rather invest their available finances. They know that earnings on current or savings accounts often do not even cover the rate of inflation. To enter the world of investments, the Slovaks would use professional assistance and advice of professionals.

 

Investing with Amundi Funds Protect 90 is suitable for beginner investors as well as for advanced ones. The minimum amount of the first investment is EUR 250 and the next starts at EUR 150. Miroslav Ovčarik, country Manager for Amundi in Slovakia, expects that “this investment will find its clients, in particular nowadays when financial markets are quite volatile”. All clients need to do is visit any UniCredit Bank branch and they will be accompanied through the entire investment process in order to meet all the necessary particulars.

 

Joint campaign on the radio and television The new investment offer resulted in a joint campaign. From 5 November until 9 December, the new product will be introduced on the TV Markíza channel as well as on the Rádio Express and Fun Rádio private radio channels. Moreover, listeners of the Fun Rádio channel will have the opportunity to participate in the “Mešec plný peňazí/Pouch Full of Money” competition, which will be promoted not only during the broadcast but also on social networks and online. The campaign will also entail an extensive online promotion in the media and on social networks, as well as banner adds, PPC campaigns and PR articles. All information about the new generation of investment by Amundi is available at branches, on online channels and social networks of UniCredit Bank.

All the required information concerning investment, including risk warnings, is available HERE.

 

About the survey:

The Investment in Slovak Families survey was conducted for UniCredit Bank by the Ipsos agency through the Instant Research online tool in July 2018, using a representative sample of 1,050 Slovaks.


Contact details:

Zuzana Ďuďáková,

Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

Email: zuzana.dudakova@unicreditgroup.sk

Tel. No.: +421 2 4950 2303

1/10/2018 - Slavomír Beňa becomes a new member of the Board and Head of Corporate & Investment Banking at UniCredit Bank

On 1 October, Slavomír Beňa takes on the position of a new member of the Board and Head of Corporate & Investment Banking at UniCredit Bank Czech Republic and Slovakia. From 1 June 2018, he has worked in our bank as a Head of Corporate Clients. Prior to that, Slavomír worked in Vienna and was responsible for the management of the UniCredit Group’s relationships with financial institutions in Central and Eastern Europe.


I am really pleased to welcome Slavomír Beňa to the Board of Directors of UniCredit Bank Czech Republic and Slovakia. His long-year experience with people and business management and his work experience from abroad represents a major asset for further development of our bank. I believe that his strategic approach and ability to achieve excellent results will contribute to the strengthening of our position on the domestic market,” said Jiří Kunert, Chairman of the Board and CEO at UniCredit Bank Czech Republic and Slovakia.

 

Slavomír Beňa has been working for UniCredit Group for 22 years. He began his international career in Slovakia in 2001, gaining experience in the field of financial markets coordination and controlling. Afterwards, he continued as a Head of Markets in HVB Bank in Serbia and Montenegro and four years later he moved to Slovenia to head the Markets department. In 2010, he became a Head of Financial Institutions Group for the CEE region at UniCredit Group in Vienna, later on a Deputy Global Head of Financial Institutions Group (FIG) together with the position of a Head of CEE FIG. From this year’s June, he has continued as a Head of Corporate Clients at UniCredit Bank in the Czech Republic.

Slavomír Beňa graduated from the University of Economics in Bratislava, majoring in banking.

 



Enquiries:
UniCredit Media Relations:
Tel + 39 02 88623569
email: mediarelations@unicredit.eu

05/06/2018 - UniCredit signs two strategic Bancassurance partnerships with Allianz and Generali in Central Eastern Europe (CEE)

UniCredit announces it has signed two exclusive strategic partnership agreements with Allianz and Generali respectively (“the “Partners”) for the distribution of insurance products for individuals and small-businesses in Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Serbia, Slovakia and Slovenia.

 

The long term partnerships, which combine UniCredit’s strong business franchise in the region with the partners’ deep insurance expertise, will gradually be implemented, in compliance with all local regulations, in the second half of 2018, predominantly focused on the Life and Non-Life products with Allianz and on the CPI (Credit Protection Insurance) products with Generali.

 

The partnerships will strengthen UniCredit’s current activities in the CEE Bancassurance business. Moreover, they are expected to generate synergies thanks to an enhanced and unique commercial strategy, offering a broadened product range for UniCredit’s clients in a region with strong growth potential.

 

“These partnerships will enhance our offering by delivering a full range of insurance products as well as outstanding services to our individual and small business clients, leveraging on our leading position in the region as well as the recognised brands of Allianz and Generali”  – commented Carlo Vivaldi, Head of CEE Division at UniCredit.

 

“UniCredit’s customers will benefit from our extensive expertise as demand rises for life, health, property and casualty insurance in CEE. We can now protect those customers at key moments in their life,” said Petros Papanikolaou, Regional CEO CEE of Allianz SE. “UniCredit and Allianz share a commitment to continue growing in CEE. We are pleased that UniCredit has chosen Allianz as best solution provider for their customers, and we view this partnership as a confirmation of our successful strategy in CEE.”

 

Luciano Cirinà, Austria, CEE & Russia Regional Officer and CEO of Generali CEE Holding stated “In our region more than 12.5 million customers rely on Generali’s strength and support in various phases of their lives when they are in need of a reliable insurance partner. We are the pioneers in the market and one of the biggest insurers in this region and we are proud to support UniCredit’s clients with very special and proven insurance solutions.”

 

UniCredit has recently streamlined its Bancassurance business in CEE with the creation of the CEE Bancassurance Business Area, led by Arcangelo M. Vassallo, who reports directly to Carlo Vivaldi, Head of CEE Division.

 

For UniCredit, UniCredit CEE Corporate Finance Advisory and KPMG Corporate Finance were jointly financial advisors, while Molinari e Associati and Schoenherr provided legal advice.

 

 Milan, June 5, 2018

 

 

About UniCredit

UniCredit is a simple successful Pan European Commercial Bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to our extensive client franchise: 25 million clients. UniCredit offers local expertise as well as an international one reaching and supporting its clients globally, providing them with unparalleled access to leading banks in its 14 core markets as well as in other 18 countries worldwide. UniCredit European banking network includes Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Serbia, Slovakia, Slovenia and Turkey.

 

Enquiries:

 

UniCredit

Media Relations:            Tel. +39 02 88623569; e-mail: MediaRelations@unicredit.eu

Investor Relations:        Tel: +39 02 88621872; e-mail: InvestorRelations@unicredit.eu

 

11/7/2018 - UniCredit signs Women in Finance Charter committing to gender diversity in financial services Part of the Bank’s Diversity Action Plan

UniCredit today announced that it has signed the UK’s HM Treasury Women in Finance Charter to pledge its full support to helping improve gender diversity in the financial services sector in the UK and worldwide. Committing to this initiative is part of UniCredit’s Group-wide Diversity Action Plan that follows a number of decisive actions already taken by the Bank to reach a more balanced gender distribution at all levels. As part of joining the Charter and like all the other signatories, UniCredit is defining specific internal gender balance targets, which will be announced in September 2018.

Jean Pierre Mustier, CEO of UniCredit, commented: “Diversity and gender balance are key priorities for UniCredit and we take great pride in our already diverse workforce. We are actively working to ensure our work environment is built on respect and continuous learning in line with our One Bank, One UniCredit culture and aspire to become one of the best employers in the European financial sector. To achieve our objective, we recognise that a continuous investment in further improving diversity and gender balance is necessary.”


UniCredit launched a Group-wide Diversity Action Plan in 2017. It focuses on developing and supporting diversity at all levels through specific initiatives related to: recruitment and talent; professional development; remuneration; work-life balance; information and education. UniCredit has been dedicated to achieving greater diversity in its workforce and an improved gender balance since 2008 when the Bank signed the Joint Declaration on Equal Opportunities and Non Discrimination. In 2011, UniCredit launched its Gender Balance Programme and in 2013 the Bank enforced a Global Equality Policy and monitoring process including a Gender Balance Dashboard.

The Bank joined the 30% Club in 2015 and also signed the Women’s Empowerment Principles to renew its commitment to reach a more balanced gender distribution at all levels of the Group and promote female talent. In November 2017, UniCredit signed a new joint declaration with the European Works Council with regards to Work-Life Balance, reiterating the importance of respect for our staff.

In terms of keeping track of progress, UniCredit currently monitors female representation in the Bank’s workforce in the context of organisational hierarchy twice a year at the Group level through the Gender Balance Dashboard. Furthermore, details on the structure of UniCredit’s workforce are published annually in the Group Integrated Report.

 

About the Women in Finance Charter
The Charter is a commitment by the UK’s HM Treasury and signatory firms to work together to build a more balanced and fair industry. Firms that sign up to this Charter are pledging to be the best businesses in the sector. The Charter commits firms to supporting the progression of women into senior roles in the financial services sector, recognises the diversity of the sector and that firms have different starting points regarding gender balance, and requires firms to publicly report on progress to deliver against their internal targets to support the transparency and accountability needed to drive change.

 

About UniCredit
UniCredit is a simple successful pan-European Commercial Bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to its extensive client franchise: 26 million clients.
UniCredit offers both local and international expertise to its clients, providing them with unparalleled access to leading banks in its 14 core markets through its European banking network: Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Serbia, Slovakia, Slovenia and Turkey. Leveraging on an international network of representative offices and branches, UniCredit serves clients in another 18 countries worldwide.

 



Enquiries:
UniCredit Media Relations:
Tel + 39 02 88623569
email: mediarelations@unicredit.eu

29/05/2018 - UniCredit is named the Best Sub-custodian Bank across six different categories by Global Finance

UniCredit is pleased to announce that the Bank has been recognised as the Best Sub-custodian in 2018 by Global Finance magazine’s editorial board across Central & Eastern Europe (CEE) as well as winning country specific awards as the Best Sub-custodian Bank in Austria, Bulgaria, Czech Republic, Slovenia and Serbia.

 

In determining the winners for each respective region and country, the editorial board of Global Finance magazine considered: market research, input from expert sources and entry information from the banks themselves to select the institutions that reliably provide the best sub-custodian services in specific markets and regions. The criteria included: customer relations, quality of service, competitive pricing, smooth handling of exception items, technology platforms, post-settlement operations, business continuity plans and knowledge of local regulations and practices. Input was also obtained from the users of said sub-custody services.

Performance was judged over the period 1 January 2017 through to 31 December 2017.  

 

Andrea Diamanti, Head of CEE Corporate and Investment Banking and Private Banking at UniCredit, commented: “We are extremely pleased to be recognized across CEE as well as in so many specific countries for excellence in meeting our clients’ sub-custodian needs in an increasingly complex and fast evolving market context. This is a fantastic demonstration of our capabilities in providing consistently high quality client service tailored to each specific market and region. It is also testament to the outstanding work of our team and something we look to build on in the future, leveraging UniCredit’s unique Pan-European network and extensive product range. Our ultimate goal is to continue offering our clients unrivalled benefits across borders.”

 

Contact details:   Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

                        Email: zuzana.dudakova@unicreditgroup.sk

                        Tel. No.: +421 2 4950 2303

5/04/2018 - This is the right time to get a mortgage! Interest rates on UniCredit Bank mortgages hit historic low

Besides longer days, spring also brings lower interest rates on mortgages, which have been reduced as part of UniCredit Bank’s campaign since 1 April 2018. “Interest rates on mortgages are the lowest ever in the recent history of the bank,” says Tomáš Drábek, Member of the Board of Directors and Head of Retail and Private Banking at UniCredit Bank. At UniCredit Bank, clients can get three-year fixed-rate mortgages starting as low as 0.79 % p. a.


Favourable and historically lowest interest rates on three-year and five-year fixed rate mortgages at UniCredit Bank are less than one per cent. Clients can get the longest, 10-year fixed-rate mortgage at 1.89 % p. a. This spring campaign by UniCredit Bank applies to clients who take out a loan as well as insurance of the ability to pay and open a U Konto account, which must be credited with 1.5 times the instalment on a monthly basis.  However, clients who do not take out insurance of the ability to pay housing loan for any reason can also get attractive interest rates starting as low as 1.19 % p. a. This exceptionally attractive campaign is valid until further notice.  


“Conditions for granting mortgages are going to tighten up within legislation. At UniCredit Bank, we have cut interest rates so as to allow clients who are considering getting a mortgage take advantage of this time and get the mortgage under exceptionally favourable conditions,” adds Tomáš Drábek.


UniCredit Bank offers its clients additional benefits, too. The bank is going to reimburse costs associated with obtaining an appraisal up to EUR 150 for flats and up to EUR 210 for detached houses for clients who take out, besides mortgage, insurance of the ability to pay and apply for loan up to 80 % LTV (ratio of loan to value of the real estate being pledged). Subject to taking out insurance of the ability to pay loan, UniCredit Bank is going to give the mortgage free of charge.


Chart: New interest rates on housing loans by UniCredit Bank, valid from 1 April 2018

 

Fixed-rate period

Interest rate

3 years

0.79 % p.a.

4 years

0.89 % p.a.

5 years

1.09 % p.a.

7 years

1.59 % p.a.

10 years

1.89 % p.a.

 

Link to representative examples: https://www.unicreditshop.sk/sk/Hypoteky/Nova-hypoteka

 

 

Contact details:   Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

                        Email: zuzana.dudakova@unicreditgroup.sk

                        Tel. No.: +421 2 4950 2303

1/02/2018 - Tomáš Drábek appointed a new Board member and Head of Retail & Private Banking at UniCredit Bank

Tomáš Drábek (40) has been appointed a Board member and Head of Retail & Private Banking of UniCredit Bank from 1 February 2018. Drábek has been working in the banking sector since 2001, of which seventeen years at UniCredit Bank and in other companies of UniCredit Group. He replaces Giovanni Guidi at the position of a Board member and Head of Retail & Private Banking. After having spent 43 years at UniCredit, Giovanni Guidi decided to retire.

 

 “I am really pleased that Tomáš Drábek will join the management of UniCredit Bank Czech Republic and Slovakia. I believe that his strong knowledge of banking, of the needs of our clients, including his management skills acquired during his many years at UniCredit, will make a significant contribution to our bank, Jiří Kunert, Chairman of the Board and CEO of UniCredit Bank Czech Republic and Slovakia, commented on the appointment of the new Board Member and Head of Retail & Private Banking. He added: “I would like to thank Giovanni Guidi for the excellent work he has done here at UniCredit Bank in the Czech Republic and Slovakia during the seven years. His commitment and innovative approach have contributed to the excellent results of our bank. I wish him a lot of personal success during the new stage of his life.

 

Almost twenty years ago, Tomáš Drábek started his career as a mortgage specialist at Bank Austria Creditanstalt in 2001. In the successor company HVB Bank Czech Republic, he worked as a Head of Majordomus Bohemia. Once UniCredit Bank Czech Republic was formed, he was appointed a Head of Retail Real Estate Finance in 2008 and, subsequently, a Head of Retail Marketing and Segments. In 2011, he was promoted to Head of Retail Moravia Region in UniCredit Bank and, two years later, he became a Head of Franchising and Alternative Distribution. Within UniCredit Group, Tomáš Drábek accomplished his international experience in September 2015, being in charge of Market Growth Initiatives of the CEE Division in Vienna. A year later, Drábek returned to UniCredit Bank as the new Head of Retail Prague Market, where he worked until being appointed to his new position. 

17/01/2018 - CENTRAL AND EASTERN EUROPE BANKING STUDY 2018: RESILIENT GROWTH AND OPPORTUNITIES

·         The economic environment will remain favorable

The economic environment in which banks operate in CEE is expected to remain favorable. For most CEE countries 2017 was the best year since 2010 in terms of economic growth.  Looking ahead, GDP growth is expected to remain solid in most countries (around 3% per cent or above), although with some moderate deceleration in 2018 and 2019. 

·         Improvement in lending growth in most countries

Although lending growth will likely slow somewhat in the countries that experienced  the highest growth rates over the past two years, it is expected to improve in the countries that have been lagging behind. In particular, we expect acceleration in Hungary, Slovenia and Serbia (HR, SI, RS) and some slowdown in lending growth in Czech Republic and Slovakia, Romania and Turkey (CZ, SK, RO, and TR), with the other countries keeping growth close to current rates. 

·         NPL: Proactive action and better collection improve asset quality and de-risk balance sheet

The decline in NPL ratios has been on the most prominent feature in CEE in the past three years and it is expected to continue.  Improvement has been driven in good part by NPL sales, better collections and economic recovery, particularly in Romania, Hungary, Serbia and Slovenia. These factors will continue to play an important role, with new inflows limited by improved risk practices. 

·         Profitability will stay at current levels, beating Western European banks

Profitability, measured in terms of profit before tax on total assets, is likely to remain at current levels, which are significantly higher than our Western European sample (1.3 per cent versus 0.4 per cent).  Given the still relatively low interest rate environment, cost control and focus on asset quality will remain central. 

·         EU funds will continue to represent an opportunity for banking business

The flow of EU funds to CEE will remain significant in the coming years (between 1.5 per cent and 3 per cent of GDP per year on average), and this will represent a driver for economic activity. Consequently, it will also represent an opportunity to support  companies’ access to both grants and financial instruments through dedicated banking products and services.

·         Growing (with) digital

CEE countries represent an ideal environment to push for digital banking, due to their relatively high degree of overall digitalisation.

A multichannel client approach, leveraging all interaction points, improves productivity and customer service while also lowering the cost base. Digitalisation of processes enhances customer experience, increases the quality of advisory services, and improves remote sales, expanding the number of products available through the digital platforms and the number of contacts with clients.

Furthermore, integrating advanced analytics ensure customers’ needs are met and help anticipate changes to the overall industry today and in the future.

·         Wealth management opportunities

Households’ net financial wealth in CEE has roughly doubled since 2006. Private banking products will play an increasingly important role in light of the still significant household wealth gap vs. more advanced economies and the prospects of continued economic recovery. There will be opportunities for advisory, diversified product offerings, increased assets under management as well as scope for greater product sophistication.

·         Areas of consideration

Any outlook has to take into consideration the low interest rate environment in some CEE countries, that could affect profitability, the impact of regulatory headwinds and legislative measures, the outlook for Turkey and limited growth in Russia.

“For the second year in a row, the banking sector was profitable in all countries in 2017” said Carlo Vivaldi, Head of CEE Division at UniCredit. “With GDP growth for 2018/19 expected at above 3 per cent in nearly every country, we foresee good conditions for continued CEE growth[1]”.

“The favorable environment will be good for the banking business in the region” added Mauro Giorgio Marrano, CEE Strategy and Corporate Foresight. “CEE also presents unique opportunities, given the growing household wealth, as well the developing needs for advisory and investment and savings products”

CEE region remains an important growth engine for UniCredit

CEE continues to be an important growth engine for the Group, with a further strengthened leadership position and client growth. UniCredit is the leader in term of total assets and geographic diversification and among the top-bank in each respective country.

CEE is delivering continued organic growth and sustainable profitability, with stable revenues supported by high operational efficiency. The banking group operates an extensive network of almost 1000 branches in 11 countries, which generates roughly one quarter of its total revenues.

UniCredit’s customer base in CEE is constantly growing towards the target of 2.6 million net new customers by the end of 2019. Meanwhile the quality of the portfolio is improving, with Gross NPEs ratio reduced 9M16/9M17 by 140 basis points (from 10.3 to 8.9).

As a result, return on allocated capital stands at 14.4 per cent in the first nine months of 2017, underlining the strong profitability of CEE division.

“Its broad diversification by customers, products and geographies has made the CEE region a consistently strong contributor to the Group’s financial results” said Carlo Vivaldi, Head of CEE Division at UniCredit. “And the region’s innovative approach, proven by the strong growth of its digital customer base, means it is the perfect testing ground for new digital and IT solutions: a number of important transformation programs have been launched in CEE, in particular related to innovation and digitalisation, which can then be rolled out across the Group”.

Cross-border activity is growing thanks to an increasing number of international customers. As of September 2017, CEE serves 26,000 international clients[2] (+5.7 per cent since last year) through its International Centers. It intends to grow this customer base by another 2,000 by 2019.

Digital users are projected to increase from currently 44 per cent of all customers  to 51 per cent in 2019 and mobile banking users are expected to grow from currently 28 per cent of all customers to 47 per cent over the next two years.  “We continuously invest in innovation and digitalisation, further progressing in data management and analytics in order to expand our regional customer business, while continuing our strong focus on cost discipline” concluded Vivaldi.

With the CEE lending volume of EUR 59.7 billion as of September 2017, expected to grow to EUR 68 billion in 2019, UniCredit also has long-established expertise in handling state and EU-supported programs in the CEE region. This has resulted in more than EUR 2 billion approved facilities dedicated to EU Funds projects and another EUR 0.8 billion signed agreements for implementing financial instruments.

 

About UniCredit:

UniCredit is a simple, successful pan-European commercial bank, with a fully plugged-in CIB, delivering a unique Western, Central and Eastern European network to its extensive client franchise of 25 million clients.

UniCredit offers local expertise and international  reach, supporting its clients globally and providing them with unparalleled access to leading banks in its 14 core markets as well as 18 other countries worldwide. UniCredit European banking network includes Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Serbia, Slovakia, Slovenia and Turkey.

 

[1] In 2018/19 the Eurozone is expected to grow 2.1 per cent

[2] Corporate customers active in more than one country where UniCredit Group is present.

12/ 01/ 2018 - UniCredit crowned Global Trade Finance Services leader in Euromoney Trade Finance Survey 2018
  • UniCredit ranked #1 globally for “All Services”, “Products/Payments” and “Overall Execution” in new Best Services rankings
  • The bank scooped a total of 21 #1 rankings, being named market leader in Central and Eastern Europe, Italy and seven other European countries

UniCredit has been named Global Best Service Provider for “All Services”, “Products/Payments”, and “Overall Execution” in Euromoney’s Trade Finance Survey 2018.

The survey, now in its seventh year, also saw UniCredit named Market Leader for Trade Finance in Italy, Central and Eastern Europe (CEE), Bulgaria, Bosnia & Herzegovina, Croatia, Hungary, Romania, Serbia and Turkey. Meanwhile, in the new “Best Services” stakes, UniCredit picked up gongs for Bulgaria, Bosnia & Herzegovina, Croatia, Hungary, Romania, and Serbia again, with Russia completing the set.

The rankings – derived from the feedback of over 7255 corporate banking clients (almost double last year’s figure, which itself doubled the figure from 2016) – recognise the bank’s continued and growing excellence in trade finance. Built on an intimate knowledge of its core European markets, deep product expertise, and a commitment to innovation and extending its geographical coverage, UniCredit’s trade finance services are going from strength to strength.

Gianni Franco Papa, General Manager UniCredit said: “The fact that Euromoney awarded UniCredit as Global Best Service Provider in three categories for Trade Finance clearly reflects our strong client obsession, our full commitment to innovation, and the growing strength of our International Network. We are connecting clients across the world, offering transparent and simple solutions for tackling their most complex trading needs”. 

The bank continues to invest in trade finance innovation, notably being a founding member of the blockchain consortium behind we.trade (formerly Digital Trade Chain). It has also sought to improve its international coverage – most recently by upgrading its presence in Abu Dhabi with the opening of a full branch – in order to open up new opportunities while improving services for clients in its core European markets.

 

About UniCredit:
We are a simple successful Pan European Commercial Bank, with a fully plugged in CIB, delivering a unique Western, Central and Eastern European network to our extensive client franchise: 25 million clients. We offer local expertise as well as international reach. We accompany and support our 25 million clients globally, providing them with unparalleled access to our leading banks in 14 core markets as well as to another 18 countries worldwide. Our European banking network includes Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Slovakia, Slovenia, Serbia and Turkey.

19/12/2017 - UniCredit new tag line: Banking that matters

UniCredit is pleased to announce that it has launched a new tag line "Banking that matters". This will be used for the Group's communication activities such as advertising campaigns, branding and marketing materials in all countries where it is present, in line with its “One Bank, One UniCredit” approach.  

 

The tag line, which has been developed with Leagas Delaney Italia advertising agency, will be translated into 12 languages.

 

“Banking that matters”, provide in just three words a summary of UniCredit’s corporate identity – offering products, services and advice that makes a difference to people in their everyday lives, whether an individual, a family, a small company or a large corporation.

 

UniCredit is a simple, successful pan-European commercial bank, with a fully plugged-in Corporate & Investment Banking division, delivering a unique Western, Central and Eastern European network to its extensive client franchise of 25 million.

 

The Group offers local expertise and international reach, supporting its clients globally and providing them with unparalleled access to leading banks in its 14 core markets as well as 18 other countries worldwide.


Milan, 14 December 2017

 

 

Contact UniCredit Media Relations
Ph. +39 02 88623569
email: mediarelations@unicredit.eu
Twitter: @UniCredit_PR
Instagram: UniCredit_PR
GooglePlus: +UniCreditGroup

 

16/11/2017 - Outlook 2018: UniCredit Research expects solid growth, higher yields and stronger euro
  • 2018 is likely to be another year of strong global economic growth, by about 3.9%
  • The eurozone GDP should grow by about 2.3%
  • Central banks’ monetary policies will be only marginally less accommodative
  • EUR/USD will soon resume its upward trend, ending next year around 1.25

The UniCredit Macro & Markets 2018 Outlook - PDF

 

15/11/2017- UniCredit names Dan Bucsa chief economist for Central and Eastern Europe

UniCredit has appointed Dan Bucsa to take over the leadership of its Central and Eastern Europe (CEE) research team as its new Chief CEE Economist, effective November 17.

 

He will replace Lubomir Mitov, who has resigned from the position to relocate to Washington, DC. Mr. Mitov will continue in a consultative role with UniCredit so that our clients will continue to benefit from his insight and experience.

 

As UniCredit’s Chief CEE Economist, Mr. Bucsa, who will be based in London, will be responsible for the Group's macroeconomic research on the CEE region. He will report to Erik F. Nielsen, Group Chief Economist.

 

Commenting on the appointment, Mr. Nielsen said: “We are delighted that Dan Bucsa has taken up the role of chief economist for Central and Eastern Europe. He has a uniquely strong background in the region and is well known to CEE-focused clients around the world. We are confident that, with Dan's promotion, we will continue to have the best-in-class research coverage for the CEE region.”

 

For the past five years, Mr. Bucsa has worked as UniCredit’s Lead CEE Economist in London, having transferred from UniCredit Bank Romania. Before moving to the private sector, he taught at the Bucharest University of Economic Studies and worked in the macroeconomic modeling and forecasting department of the National Bank of Romania, where he was involved in developing its forecasting framework for inflation targeting. He holds a Ph.D. in macroeconomics and an M.Sc. in finance from the Bucharest University of Economic Studies.

27/10/2017- The Banker magazine has named UniCredit Bank Czech Republic and Slovakia and UniCredit Bulbank the best banks for private clients in Slovakia and Bulgaria

UniCredit Bank Czech Republic Slovakia and UniCredit Bulbank have received the Best Private Banking award in 2017 in Slovakia and Bulgaria respectively. The prestigious awards of The Banker magazine were given to the Banks’ representatives at a ceremony in London on Thursday, 26 October 2017. The Private Banking offered by the two banks of UniCredit succeeded in the rating by fifteen world's most important figures of banking. The jury assessed both quantitative and qualitative aspects.

“Winning the Best Private Banking award is a great honour for us, not only because we have received such an award for the first time in the Slovak market. It demonstrates our long-term attempts to be a leader in delivering the best investment solutions for clients. Currently, we focus on strengthening the digital tools as well as on further development of private banker competencies. We consider these areas crucial for further development and improvement of the management of assets of our clients' families for the future,” said Roman Hajduk, Head of Private Banking Market , UniCredit Bank for Slovakia , after the notification of results.

“Our core aim is to build sustainable relations with our customers, on the grounds of the fundamental values of UniCredit. For us understanding customer comes first, along with high professional responsibility , transparency, innovations and partnership, which are the key drivers  of  our business  philosophy “, commented Nadejda Pavlova-Nincheva, Head of Private Banking, UniCredit Bulbank, Bulgaria.

UniCredit Bank Private Banking has been providing private banking products and services in Slovakia for more than 15 years offering tailor-made solutions to clients. Direct representation of UniCredit Group in 14 core markets as well as 18 other countries worldwide, the Private Banking team consists of experienced certified bankers and specialists. UniCredit Bank is the only bank in the market where investments in third-party products selected strictly according to their performance and quality already exceed 50% of the clients’ funds under management. The key pillar of private banking services is the Need Based Advisory and the Global Investment Strategy based on guided open architecture of investment vehicles, through which clients can invest in a broad portfolio from mutual funds with best-in-class performance, hedged products, corporate bonds to investment certificates. A unique solution is also MyOneMarkets, a tool for actively generating individual issues of structured investment products with above standard yields, starting from EUR 30 thousand.

 Private Banking of UniCredit Bulbank is backed by one of the largest networks in Europe. The department takes care of the specialized needs of its customers, based on high professional experience and knowledge. UniCredit Bulbank Private Banking team strives to provide stability and security of client assets and to ensure their long-term growth.  Philosophy of the private banking is to make all service fully accessible to customers.  Private banking employees speak the language of their customers and share their values. That is why it’s easier to achieve effective results. Together with the customers private bankers develop the most appropriate long-term strategy. They provide solutions for a balanced diversification of clients' assets based on individual customer preferences and consistent with the opportunities and risks.  

The annual PWN/The Banker Global Private Banking Awards 2017 have been taking place since 2009. Every year from May to July, banks from Europe, Asia, Africa, North and Latin America and the Middle East are invited to take part in the Global Private Banking Awards of The Banker magazine. In this competition, the jury has rated the development of key factors of private banking, portfolio and risk management, asset allocation, due diligence, growth and product strategies, customer care, the bank business model as well as innovation.

23/10/2017 - UniCredit opens Abu Dhabi Global Market branch to serve global Corporate Investment Banking clients

UniCredit today announced the opening of a new Corporate and Investment Banking (CIB) branch in Abu Dhabi, the capital of the United Arab Emirates. The branch will support further enhancement of cross-border business generation and expand the bank’s international offering for its corporate clients and financial institutions. UniCredit has chosen the Abu Dhabi Global Market, the region’s leading financial free zone, as a base for its new operation.   

The new branch, which upgrades the local representative office first established in 2001, will act as a hub for the Gulf Cooperation Council (GCC) [1] as well as the wider Middle East and Africa (MEA) region, delivering increased support to UniCredit’s European clients, while also supporting local clients including regional multinationals, local financial institutions and Sovereign Wealth Funds (SWFs).

UniCredit’s new offering will build on the well-established business with MEA counterparties, whom the bank has supported on transactions valued in the region of EUR 6.5 billion in 2016[2].

The GCC accounts for approximately six per cent of total EU trade and is the fifth largest export market for the EU. At the same time, the region is also increasing its position as a key emerging markets trade hub for Asia and Africa, with GCC – China trade estimated at over US$ 110 billion per year. The Gulf is also home to a number of leading Sovereign backed investment companies and represents a significant origin of global Foreign Direct Investment flow.

Commenting on the opening, Jean Pierre Mustier, Chief Executive Officer, UniCredit S.p.A, said:

“The GCC represents an important destination for UniCredit’s clients, with more than 1,000 European organizations already established in the market operating in industries critical to the GCC’s development such as such as Trading, Manufacturing, Construction, Utilities and Oil & Gas. These market characteristics, combined with a knowledge of the region built on our long-term presence in Abu Dhabi will allow UniCredit to capitalize on opportunities for our customers. Our ‘One Bank, One UniCredit’ vision for a simple successful pan-European commercial bank with a fully plugged in CIB delivering a unique Western Central and Eastern European network has also a lot to offer regional multinationals and financial institutions.”

Located in the Abu Dhabi Global Market financial free zone, the branch will initially focus on Transaction Banking and Financing (predominantly in Euro and US Dollar).

The commercial lending product shelf includes working capital and term loans, commodity trade finance and structured loans (syndications, acquisition finance, structured trade & export finance).

In Transaction Banking, UniCredit will provide documentary credits (import and export letter of credit), documentary collections, guarantees, cash management services and the availability of an advanced eBanking platform. 

Markets activities will be performed mainly offshore from competency centers in Milan and London.

[1] Gulf Cooperation Council (GCC) member states are Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates

[2] Based on volume of loans and documentary credits in 2016

12/10/2017 - UniCredit Bank wants to be the primary bank for regional SME businesses
  • From October, an independent sales network with separate management only for regional businesses (SME)
  • 9 regional centres in Slovakia - for priority services to regional businesses
  • In financing for businesses, SME is a strategic, rapidly growing segment with great potential

 

From October, UniCredit Bank launches an independent sales network, managed as a separate segment, for priority services to regional businesses (SME) in Slovakia. It aims at provision of services to businesses with annual turnovers of up to EUR 10 million.

We have built 9 regional centres with sales priorities individually adjusted to SME. For our clients, it means that when they come to the client centre, the services are adjusted to the size of these businesses and their specific needs. Regional businesses (SME) now have an independent network, with separate management and specialised managers. On the market, these companies often belong to different segments or they have to compete with large companies,” says Elena Rokusová, Head of SME SK.

“In this regard, we use the proven expertise of our Bank in western Europe, where we have already successfully implemented this model,” adds Rokusová.

Although large, often multinational companies are more in public view and, in particular, they are often given credit for the growth of the economy, smaller local business are an equally important part of the economy.

Companies with fewer than 250 employees create more than half of the Slovak GDP. Large and small businesses often coexist in the economy, they would not survive alone. Large companies create environment and job opportunities for smaller companies, while small companies are usually more flexible, more driven and often helping to accelerate innovative progress.

Europe has been struggling with the economic crisis and its consequences in the last decade. It hit large companies in the economy as well as small businesses. Small businesses often have less diversified sales, therefore they have often struggled, some with success and others less so.

It seems, however, that European economies, including the Slovak one, have already definitely bounced off the bottom and found their way out of the crisis. Economic recovery first appeared in large companies. Their better condition has also translated, with a slight delay, into the segment of small and medium-sized enterprises.

 The cyclical recovery should continue in the coming years and at this stage of the economic cycle, it is likely that economic growth would shift increasingly towards smaller, more flexible and innovative businesses.

 

UniCredit Bank, too, sees the potential of the SME segment, which, unlike large corporations, is often dependent on domestic financing. SME is becoming a key segment in corporate banking, which is dynamically growing, resulting in new needs of such businesses in the area of ​​banking services. Therefore, UniCredit Bank has designed the structure and organisation to build an independent segment for regional SME businesses, where all banking services are tailored to their needs only.

 

Organisational management at UniCredit Bank:

From 1 October 2017, the regional businesses - SME Segment (companies with annual turnovers of up to EUR 10 million) - are managed by Ms. Elena Rokusová. The segment of corporate clients (over EUR 10 million) is managed by Jaroslav Habo.

 

Elena Rokusová, Head of SME SK at UniCredit Bank - is no newcomer in banking. After graduating from the University of Economics in International Business, she began her career at HVB, where she occupied several positions in the field of client service. Subsequently, she started working at UniCredit Bank. In recent years, she has managed the area of financing of regional businesses.  (photo attached)

 

Jaroslav Habo, Head of Corporate Clients Slovakia at UniCredit Bank - he began his career in banking nearly 20 years ago. From 2002, he started working at HVB Bank as a project financing specialist. Later, he occupied several positions within UniCredit Bank in the sectors of large corporates and real estate. This year, he became a head of Corporate Clients Slovakia. (photo attached)

 

 

 

Contact details:   Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

                        Email: zuzana.dudakova@unicreditgroup.sk

                        Tel. No.: +421 2 4950 2303

20/09/2017 - UniCredit ranked number one in 11 countries by Euromoney Cash Management Survey 2017

UniCredit has been ranked number one in Cash Management in 11 countries by the Euromoney Cash Management Survey 2017. The bank demonstrated its dominance and market leadership in Europe region with first-place rankings in Austria, Bosnia & Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Italy, Romania, Serbia, Slovakia, and Turkey.


The 2017 Euromoney Cash Management Survey is the 16th annual survey of the leading providers of cash management products and services across the world. With responses this year from over 25,000 businesses and 2,500 financial institutions, the survey is the most authoritative and comprehensive ranking in the cash management industry.

“We are delighted with the results of this year’s survey” says Gianfranco Bisagni, UniCredit Co-Head of Corporate & Investment Banking. “Cash management is a core service for our clients, and this award demonstrates the excellence of our comprehensive product suite, designed for corporates of all size, from small-caps to large multinationals. To be recognised by this survey – which is based on their feedback – is a fantastic sign for us and a validation of what we strive to achieve”.


This year’s achievements represent for UniCredit a considerable jump on the previous year –
rising from 5 number-one rankings to 11.

 

About UniCredit
UniCredit is a simple, successful Pan European Commercial Bank, with a fully plugged in CIB,
delivering a unique Western, Central and Eastern European network to its extensive client franchise:
25 million clients. UniCredit offers local expertise and international reach, supporting its clients
globally, providing them with unparalleled access to leading banks in its 14 core markets as well as in
other 18 countries worldwide. UniCredit European banking network includes Italy, Germany, Austria,
Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Serbia,
Slovakia, Slovenia and Turkey.

18/01/2017 - #InvestEU: EIF and UniCredit agreement to provide EUR 160 million for innovative SMEs

The European Investment Fund (EIF) and UniCredit have signed an InnovFin SME guarantee agreement to enhance access to finance for innovative small and medium-sized enterprises (SMEs) and mid-caps in eight countries. This transaction benefits from the support of Horizon 2020, the EU's Framework Programme for Research and Innovation, and the European Fund for Strategic Investments (EFSI), the heart of the Investment Plan for Europe.

This agreement will allow UniCredit, via its banks, to offer additional financing worth EUR 160 million to innovative companies in Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Slovakia, Hungary, Romania and Serbia.

The banks in Bosnia and Herzegovina and in Serbia will benefit from the support of a guarantee provided by EIF and backed under Horizon 2020, the EU's Research and Innovation programme, while the guarantee agreements with the banks in Bulgaria, Croatia, Czech Republic, Slovakia, Hungary and Romania will be backed by the Investment Plan for Europe.

European Commission Vice-President Jyrki Katainen, responsible for Jobs, Growth, Investment and Competitiveness, said: “This agreement is excellent news for innovative small companies across these eight countries. The additional EUR 160 million in financing that will be made available from this agreement demonstrates that the Investment Plan is playing a crucial role in achieving the Commission's objective of providing the support that will allow SMEs to create jobs, innovate and grow.”

EIF Chief Executive Pier Luigi Gilibert added: “This umbrella SME guarantee agreement will be instrumental in helping countries in the Western Balkans and Eastern European regions to foster innovation and entrepreneurship. I am confident that UniCredit’s network of banks in these eight countries will target high-growth potential companies, which will be able to translate the additional financing received into growth and job creation.”

Carlo Vivaldi, Head of CEE Division of UniCredit, said: “We are strongly committed in supporting SMEs companies in Central and Eastern Europe (CEE). Thanks to the new umbrella facility and our extensive network we can further facilitate the development of innovative SMEs across different countries where our clients will have easier access to finance and will benefit of better pricing.”

The transaction reflects the EU's commitment to rapidly launch concrete initiatives aiming at accelerating lending and guarantee transactions capable of boosting jobs and growth in the EU.

 

About EIF

The European Investment Fund (EIF) is part of the European Investment Bank Group. Its central mission is to support Europe's micro, small and medium-sized businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment. More information on EIF's work under EFSI is available here.

About UniCredit

UniCredit is a strong Pan-European Group with a simple commercial banking model and  a fully plugged in Corporate & Investment Bank, delivering its unique Western, Central and Eastern European network to its extensive 25 million strong client franchise.
UniCredit  offers local expertise as well as international reach and accompanies and supports its clients globally, providing clients with unparalleled access to leading banks in its 14 core markets as well as an another 19 countries worldwide. UniCredit  European banking network includes of Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Romania, Russia, Slovakia, Slovenia, Serbia, Turkey.

About the Investment Plan for Europe

The Investment Plan focuses on strengthening European investments to create jobs and growth. It does so by making smarter use of new and existing financial resources, removing obstacles to investment, providing visibility and technical assistance to investment projects. The Investment Plan is already showing results. The projects and agreements approved for financing under EFSI so far are expected to mobilise over EUR 164 billion in total investments across 28 Member States and to support more than 388 000 SMEs. On 14 September 2016, the European Commission proposed extending EFSI by increasing its firepower and duration as well as reinforcing its strengths. Find the latest EFSI figures by sector and by country here. For more info, see the FAQs.

 

About InnovFin

The InnovFin SME Guarantee Facility is established under the “EU InnovFin Finance for Innovators” initiative backed by Horizon 2020. It provides guarantees and counter-guarantees on debt financing of between EUR 25,000 and EUR 7.5 million in order to improve access to loan finance for innovative small and medium-sized enterprises and small mid-caps (up to 499 employees). The facility is managed by EIF, and is rolled out through financial intermediaries – banks and other financial institutions – in EU Member States and Associated Countries. Under this facility, financial intermediaries are guaranteed by EIF against a proportion of their losses incurred on the debt financing covered under the facility.

 

 

17/01/2017 - UniCredit crowned Best in Europe by Euromoney Trade Finance Survey 2017

UniCredit has been named “Best Trade Finance Provider” in both Central and Eastern Europe (CEE) and in Western Europe by the Euromoney Trade Finance Survey 2017.

The survey, which received more than 4,000 responses from businesses using trade finance, recognised UniCredit’s excellence in trade finance services.  The bank’s credentials in trade finance are founded on its deep product expertise and  its unparalleled market knowledge in its core European markets, which is supplemented by comprehensive coverage through an extensive international network of branches, representative offices and 4,000 correspondent banks.

UniCredit has made significant investments in the trade finance sector by developing innovative platforms for trade finance, supply chain finance and BPO execution. The bank is part of a number of collaborative blockchain initiatives, including the R3 bank consortium, and has developed proofs of concept for two blockchain-based trade finance solutions.

Trade finance is a pillar of UniCredit’s multi-year plan and strategic to its mission as a simple pan-European bank delivering a unique western, central and eastern European network to its extensive client franchise with a fully plugged in Corporate & Investment Banking Division.

Claudio Camozzo and Jan Kupfer, Global Co-Heads of Global Transaction Banking (GTB) at UniCredit, said: “We are delighted to have been named Best Trade Finance Provider in both Central and Eastern Europe and in Western Europe by the Euromoney Trade Finance Survey 2017. This award stands as testament to our innovation in trade finance and our ability to connect clients around the world with a comprehensive product suite which serves clients ranging from small caps to large international corporates.”

The bank also swept the board in the European country awards being named “Best Domestic Trade Finance Provider” in Bosnia and Herzegovina, Bulgaria, Croatia, Hungary, Poland, Romania, Serbia and Turkey.

 Paolo Spada, Central and Eastern Europe GTB Head at UniCredit, stated “It is an honour to have received the award for Best Trade Finance Provider in Central and Eastern Europe for the fourth consecutive year. We are proud of our unrivalled presence across different countries.  Our leading regional presence, combined with our best-in-class technology and product expertise, puts us in an excellent position to provide our clients with the very highest level of service.”

 

About UniCredit

UniCredit is a leading European commercial bank operating in 17 countries, with over 143,000 employees, over 7,500 branches and an international network that spans 50 markets.

Our strategic position in Western and Central and Eastern Europe enables us to command one of highest market shares in the region.

While our brand is recognisable all over Europe, we have preserved the highly valuable local brands of banks that we acquired to form our Group.

Milan, 17 January  2017

Contacts:

Media Relations Tel. +39 02 88623569; e-mail: MediaRelations@unicredit.eu

 

20.12.2016 - Pay with your thumb! UniCredit introduces fingerprint payments in Smart Banking

Santa Claus does not have to bring gifts only on Christmas Eve The red and white logo of UniCredit is no coincidence - the bank has Christmas presents for you before the Christmas Eve this year. You do not have a tree? It doesn’t matter, all you need is a smartphone. As an early present, UniCredit Bank introduces a possibility of making payments in a quick, convenient, and secure manner in the Smart Banking mobile application using only your fingerprint.

Already in May of last year, UniCredit Bank was the first bank in the Czech market to introduce the fingerprint technology in smartphones in its mobile banking. Owing to their fingerprint, clients can log into Smart Banking as well as the Online Banking key.. Now, clients may use it even more effectively – for faster and safer signing of payments.

 The most important thing in every relationship is to truly listen. Here, at UniCredit Bank, we have made the wishes of our clients come true. The outcome is a unique innovation allowing them to confirm payments up to CZK 5,000 in the mobile Smart Banking by using only a fingerprint,says Carmelo Minardi, Director of Multi-Channel Banking at UniCredit Bank. Transactions over EUR 200 will be signed by PIN, as at present.

UniCredit Bank’s Smart Banking makes full use of the state-of-the-art technology of smartphones. Besides simplifying the activation of the application via SMS, the feature of account detail sharing or automatic setting of the payment date, we have made the last update of the mobile Smart Banking more comfortable and safer. 

Fingerprint payments bring clients extra comfort and speed when making their transactions from a mobile phone. To send money using a fingerprint is just as convenient and fast as to pay for your shopping with a contactless card at the cash-desk with a beep,” adds Radek Jirka, Manager of Direct Banking at UniCredit Bank.

 In order to secure personal data protection, Smart Banking uses the fingerprint technology in the user’s smartphone. Fingerprints are neither saved nor sent to the bank’s server. Following the next update of the application, UniCredit Bank’s Smart Banking users with smartphones where the fingerprint feature is enabled may use it.

09/12/2016 - UniCredit Bank to help children in need with a financial gift on Christmas

UniCredit Bank donates EUR 12,500 to a project of the Deťom s rakovinou non-profit organisation, created by the parents of these sick children. Through its philanthropic activities, UniCredit Bank has been supporting children, communities at risk and the business environment in Slovakia.

 

We want to take the tradition of Christmas giving a step further. We want to make children’s faces beaming with smiles....to bring smiles to children's faces. That is why we donate EUR 12,500 to little oncology patients.   If more of us do the same, we can make a small gift turn into a great progress. Our business partners deem this decision to be very positive and they support us,” speaks Miroslav Štrokendl, Director of Foreign Branch at UniCredit Bank in Slovakia. 

 

Before Christmas, the bank is going to support children with oncological disease. with cancer. with an amount of EUR 12,500. UniCredit Bank is a strong and successful bank, supporting Slovak communities and the environment where it operates in the long run. It helps useful and philanthropic projects within its powers and capacity, mainly focusing on those that help children live a full life.

 

In 2016, using the possibility to donate 1.5% of tax, the bank donated a total of EUR 56,823 to several charity organisations that are helping children.

Such organisations include, for instance, the Návrat association and Hospic Plamienok. The bank also supports the Svetielko nádeje civic association as well as children growing up in the developing third-world countries within the Magna Children at Risk humanitarian organisation.

 

Moreover, the bank also supports social entrepreneurship within the “Can Fish Fly?” project.  Together with Provida Foundation, it granted an amount of EUR 69 thousand and expert counselling focused on the development and implementation of business plans to four social start-ups this year. The most successful project of this year’s programme has been the SARAHS – On the Wave of Knowledge project, thanks to which interested people and primary school pupils can learn how people used to live in harmony with nature. Projects Analytical Incubator (VIA IURIS), Darujme.sk (Centre for Philanthropy), and Better Geography have also been awarded.

 

Contact details:  

Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia
E-mail: zuzana.dudakova@unicreditgroup.sk
Tel. No.: +421 2 4950 2303

24/11/2016 - UniCredit Bank obtains the Account of the Year 2016 award

UniCredit Bank obtains the Account of the Year 2016 award

U Konto by UniCredit Bank is the best current account in the Czech Republic. In a prestigious competition of banking products entitled Fincentrum Bank of the Year 2016, UniCredit Bank ranked first in the Account of the Year category. Experts have awarded its unique current account, which offers a whole range of services and withdrawals from all ATMs worldwide free of charge. Moreover, the bank offers a ten-year guarantee of the account conditions. Since its creation in 2014, the U Konto by UniCredit Bank has been opened by more than 315 thousand clients of the bank.

"We have been the first bank in the Czech and Slovak market to introduce the fee-free account in April 2014. We aimed to meet not only the clients’ requirements and expectations as regards modern, innovative and user-friendly current accounts, we also wanted to positively surprise our clients. That is why the U Konto provides not only a whole range of services free of charge, including online transactions and mobile banking, but also withdrawals from ATMs worldwide. Moreover, clients are able to conveniently use all these benefits in the long term, owing to the ten-year guarantee of conditions," says Giovanni Guidi, Head of Retail and Private Banking at UniCredit Bank.

Clients can open the fee-free account at branches at UniCredit Bank or UniCredit Bank Expres, partners´ corners or fully online. Subject to an active use of the U Konto, clients can use the account completely free of charge. All you need to do is send, let’s say, your pay to this account and generate a monthly credit turnover of EUR 400. For young people up to 26 years of age, the U Konto is free of charge without any conditions. Within the U Konto, clients obtain a free-of-charge account keeping, debit payment card, electronic transactions, and access to Online and Smart Banking. Moreover, with the U Konto, clients do not have to waste their time by looking for an ATM and they can withdraw cash free of charge at any ATM at home or worldwide with no limitations. In the U Konto TANDEM option, clients can meet the condition of active account use in pairs, getting two mutually independent accounts.

Both existing and new clients who currently open the favourable free-of-charge U Konto in the bank get the opportunity to buy a powerful and elegant Huawei P9 lite Dual SIM smartphone under favourable conditions. Owing to the pre-approved credit card, they can get the smartphone for only EUR 204 a month for 12 months.

24/11/2016 - UniCredit Bank joins Black Friday again, with up to 20 % discounts on loans and other discounts for two whole weeks

UniCredit Bank has been the first bank on the Slovak market to join the Black Friday sales holiday last year. This year, too, it has prepared favourable offers for whole two weeks. Clients can obtain consumer Presto loans with up to 20% discounts and get a smartphone free of charge. Further, they can get a 50% discount on joining fees of investment products or a Huawei smartphone at a favourable price for their U Konto account. All they need to do is visit any UniCredit Bank branch from 24 November until 9 December to ask for the conditions of the campaign, or visit the Banks website.

 “Slovak people love discounts and our last years Black Friday discounts were hugely successful, attracting a great number of clients to our branches and e-shop. This year, too, we would like to enable all interested people to take out everything they need in a convenient and comfortable manner from loans and investments to current accounts. That is why we have extended the sales holiday for whole two weeks,” says Giovanni Guidi, Head of Retail Banking at UniCredit Bank.

Clients get up to 20% discounts on the consumer PRESTO Loan interest rates. During the Black Friday event, interest rates start from 3.9% p.a. for consolidated loans. Moreover, subject to compliance with the set conditions, clients can get a Huawei P9 lite Dual SIM smartphone to their loan completely free of charge.

If clients open the U Konto during Black Friday, they get not only favourable conditions and, subject to compliance with the conditions, also withdrawals from all ATMs worldwide free of charge but also an opportunity to purchase the mentioned Huawei smartphone at a more favourable price than before, at only EUR 204.

Both new and existing clients can finance the purchase of the smartphone by loan through a UniCredit Bank credit card, where one of the alternatives for repayment can be 12 monthly instalments of EUR 17.

Now, this is the ideal time for those who plan to invest on a regular basis. During Black Friday, they have an opportunity to get a 50% discount on joining fees of both recurring and one-off investment products of UniCredit Bank for the whole two weeks.

10/10/2016 - UniCredit and PROVIDA Foundation supported four social start-ups connecting business and charity

Bratislava, 10th OctoberThis year, four social start-ups have kicked off or improved their business under the “Can Fish Fly?” programme organized by PROVIDA Foundation in cooperation with UniCredit Bank and UniCredit Foundation. In total, they have obtained EUR 64 thousand for support of social entrepreneurship, as well as expert consulting as to how implement and develop further their business plan. In internal vote, UniCredit Bank employees granted an additional EUR 5,000 to the winning project.

 

The most successful project of this year’s programme has been the SARAHS – On the Wave of Knowledge project, thanks to which interested people and primary school pupils can learn how people used to live in harmony with nature. The project has received a grant of EUR 16,000 as well as additional support of EUR 5,000 directly from UniCredit Bank employees. The project for establishment of an eco-centre has won mainly owing to its quality team with a strong vision for further development and possibilities of how to replicate it to other Slovak schools.

 

“The aim of our project was to create an environmental background in the form of an eco-classroom, with adjacent premises and possibilities of adding a new dimension to educational trips. The fact that after discussion we have moved from the initial idea of making trips to create a small profit-generating business centre from the eco-centre and school environment was crucial for us. This is important not only for the school but also for the entire community,” Ján Salanci, Director of SARAHS, sums it up.

 

Projects Analytical Incubator (VIA IURIS), Darujme.sk (Centre for Philanthropy), and Better Geography have also been awarded. Each of them received a grant of EUR 16,000. They were also able to use a non-financial support.

“It is a combination of financial support and quality expert consulting that stands behind the success of the “Can Fish Fly?” programme. Grants are always implemented in the context of strategic development of the organisation and directed towards strengthening the long-term financial and programming sustainability of the organisation while maximising its social benefit,” Peter Mészáros, the programme’s expert sponsor, identifies the primary objective of the programme.

 

From the financial support of UniCredit Group, PROVIDA Foundation provided more than 160 hours of business consulting, focusing mainly on development strategy, financial management, marketing, and sale, for the portfolio of programming organisations.

 

“In our bank, we appreciate the approach of people who are not afraid to enrich the society with new ideas or fight for its better functioning. Innovations are constantly moving all of us forward. We are pleased that our bank, as one of the leading innovators of the banking market, can make a contribution even outside the world of finance,” explains Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank.

 

The programme is carried out by PROVIDA Foundation in cooperation with  UniCredit Foundation and UniCredit Bank, which support the development of social entrepreneurship in another 16 countries of UniCredit Group besides Slovakia.

 

“Every year, the number of social start-ups is rising. Besides funds, we share managerial experience with our social entrepreneurs, because experience is the most valuable asset when developing any kind of business. We are pleased to maintain this trend also in the Can Fish Fly? programme, under which we have supported many excellent business stories even this year,” says Maurizio Carrara, Chairman of UniCredit Foundation.

 

Please, find below the description of all four projects; each of them has an interesting story. If any of these stories catches your attention and you would like to work with it, please contact us. We will provide you with the required contact information and other information.

 

Contact details:  

Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

Email: zuzana.dudakova@unicreditgroup.sk

Tel. No.: +421 2 4950 2303

Please, find the following stories below to work with:

Story one: Speak the language of nature

To learn directly in the open air how was the life on a farm once, how flour was milled, bread baked, and how to take care of farmed animals, to explain the importance of bees, or show how to grow herbs. Today, everyone regardless of their age can experience it owing to the On the wave of knowledge project. Thanks to the “Can Fish Fly?” grant programme and the newly built eco-centre, the capacity of eco-trips has tripled, the project has a chance of being self-financed in the short term, employ 2 animators, and grow.

Sarahs civic association project – On the wave of knowledge – has received a grant of EUR 16,000 and an extra EUR 5,000 because of winning the vote of UniCredit Bank employees.

 

Story two: For better education

Innovative education materials enhance the quality of education of geography at schools. The Better Geography project attempts to modify the content and forms of the educational system. Owing to unusual and research-oriented activities, it helps one hundred Slovak schools develop critical thinking ability, information processing, and cooperation of their students. Thanks to the “Can Fish Fly?” grant programme, more than 150 Slovak schools teach today using the Better Geography methodology, which is more than double than in the last year.

The Better Geography project has received a grant of EUR 16,000.

 

Story three: If you want to donate, make donations for particular donors

Common people like to support a good cause, too. All you have to do is allow them to do so. The Daruj.sk project aims at “user-friendly” donating. Also owing to the support of UniCredit Foundation, more than 107 organisations have already obtained donations worth nearly one million euros. Thanks to the “Can Fish Fly?” grant programme, the organisation has doubled its turnover, becoming sustainable with the possibility of financing its further growth.

Centre for Philanthropy project – Darujme.sk – has received a grant of EUR 16,000.

 

Story four: On the side of justice

Individuals, communities, companies and, ultimately, the entire society are able to move forward and change for the better through better laws, higher quality courts, and more predictable legal system. It is the more predictable legal system for which VIA IURIS foundation is fighting on behalf of both citizens and entrepreneurs. Owing to the sale of analyses and its Analytical Incubator, the foundation is trying to obtain finance for its operation. Thanks to the “Can Fish Fly?” grant programme, the foundation has improved its marketing and sale, and it is ready to offer its commercial services in both the Slovak and foreign market.

VIA IURIS project – Analytical Incubator – has received a grant of EUR 16,000.

 

Notes for editors:  

 

PROVIDA Foundation

PROVIDA is an incubation platform and an investor in social enterprise projects. They support and implement projects which introduce innovative solutions to help marginalised children and young people, as well as disadvantaged and disabled people. They also support social enterprises and develop communities through art. They run their own projects and they help and financially support implementation of projects of other non-profit organisations. PROVIDA connects activities of the Pro Vida civic association (2006) and PROVIDA Foundation (2010)

 

UniCredit Bank Czech Republic and Slovakia

UniCredit Bank Czech Republic and Slovakia ranks among leading financial institutions in the Czech Republic and Slovakia, providing a wide range of quality products and services for retail and private clients, including small and medium-sized enterprises as well as large corporates. It is one of the strongest banks in the market of project, structured, and syndicated finance. The Bank has also built a particularly strong position in acquisition finance, while ranking first in commercial real estate finance.

UniCredit Foundation is a corporate foundation, established in 2003 with the aim to contribute to the development of solidarity and philanthropy in communities and geographic areas where UniCredit Group is present (17 countries in Europe and Central Asia). Through provision of funds and managerial knowledge, UniCredit Foundation fosters both projects with wide social impact and activities carried out by local non-profit organisations. The implementation of projects enables employees to make a contribution within the cultural inclusion of the Bank. Over the last 10 years, the Foundation has implemented more than 400 projects and initiatives worth a total of more than EUR 100 million invested locally (www.unicreditfoundation.org)

 

Contact details:  

Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia

Email: zuzana.dudakova@unicreditgroup.sk

Tel. No.: +421 2 4950 2303

26/09/2016 - Want more from your bank. Get a Huawei smartphone at an advantageous price with the U Konto account or PRESTO Loan

Want more from your bank. Get a Huawei smartphone at an advantageous price with the U Konto account or PRESTO Loan from UniCredit Bank

Do you want to get a powerful and elegant smartphone for free or with a considerable discount right from your bank? It’s no problem with UniCredit Bank. Owing to the favourable PRESTO Loan, you can now get a Huawei smartphone entirely free of charge. At the same time, we are also extending the already long list of benefits of the free-of-charge U Konto account, with which you can get the mentioned smartphone with a significant discount. The UniCredit Bank autumn campaign focused on the benefits of both products has kicked off.

 

In the autumn, all clients who take out a consumer PRESTO Loan receive a powerful and elegant Huawei P9 lite Dual SIM smartphone from UniCredit Bank as a gift*. The only condition is a minimum amount of loan of EUR 7,200 thousand and duration of the repayment period of at least 72 months. The loan may be used for anything, or merge or transfer your existing loans to UniCredit Bank and save, let’s say, on a monthly instalment. You can also save money by taking out the insurance of the ability to repay and by actively using your account in UniCredit Bank.

 

Moreover, existing or new clients who open the advantageous free-of-charge U Konto account in the bank have the opportunity to buy the mentioned smartphone at favourable EUR 228, saving around one-fifth of the current market price. At the same time, they can repay it on an instalment basis through a pre-paid credit card, which they easily get to their U Konto account.

 

Almost 300 thousand clients have already been using the benefits of the popular U Konto account, such as account keeping, online transactions or withdrawals from any ATM all over the world entirely free of charge, subject to an active use of the account. All you need to have, let’s say, your pay sent to this account and generate a monthly credit turnover of EUR 400.

 

Within the campaign, there have been TV spots on TV Markíza in Slovakia and on TV Nova and TV Prima and their related channels in the Czech Republic from 19 September. In the online environment, the focus will be mainly on display banner ads on the most popular servers - Sme.sk, Atlas.sk, Aktuality.sk or Centrum.sk in Slovakia and on iDnes.cz, Seznam.cz, Blesk.cz, and Denik.cz in the Czech Republic. A part of the campaign will also be on social networks.

04/08/2016 - UniCredit Bank Czech Republic and Slovakia achieved excellent business results in the first half of 2016

UniCredit Bank Czech Republic and Slovakia achieved excellent business results in the first half of 2016. Consolidated net profit grew by 11.9% yoy
to CZK 3.5 billion

  • Consolidated net profit went up by 11.9% yoy to CZK 3.5 billion compared to half-year results of the financial group UniCredit Bank Czech Republic and Slovakia reported in the last year.
  • Operating income increased by 6.9% yoy.
  • Loans to clients rose by 4.9% compared to 30 June 2015.
  • Deposits from clients increased by 11.8% yoy.
  • Total assets grew by 12.6% yoy.
  • Mortgage loan and consumer loan from UniCredit Bank succeeded in the Zlatá koruna (Golden Crown) competition; for mobile Smart Banking won second place in the Novelty of the Year category.
  • Both UniCredit Leasing and UniCredit Factoring celebrated 25 years on the Czech market.

The after-tax consolidated profit of UniCredit Bank Czech Republic and Slovakia increased from CZK 3,095 million (as of 30 June 2015) to CZK 3,463 million (as of 30 June 2016).

Comments of Jiří Kunert, CEO and Chairman of the Board of Directors of UniCredit Bank Czech Republic and Slovakia:

"Despite the increased costs to the Resolution Fund and the Deposit Insurance Fund, we have achieved a twelve percent growth in consolidated net profit. This major increase in net profit was due to both the steadily increasing volumes of retail and corporate loans as well as the return on the international transaction acquisition of Visa Europe, where our bank had a shareholding. We manage to successfully implement the set strategy across all segments and we are creating a strong position for further growth on both markets. UniCredit Bank enjoys high levels of trust among its clients, in the times when banks all around Europe are under pressure from increasing regulation, maintaining profitability or events such as Brexit."

FINANCIAL INDICATORS OF UniCredit Bank Czech Republic and Slovakia – 1ST HALF-YEAR 2016 

 Consolidated Data

1H 2016

1H 2015

Change

Profit and Loss Statement (CZK million)

 

 

 

Net interest and similar income

5,078

5,200

-2.3 %

Net fee and commission income

1,919

1,956

-1.9 %

Administrative expenses

4,151

3,646

+13.9 %

Credit risk cost

542

762

-28.9 %

Profit before income tax

4,360

3,884

+12.3 %

Net profit after tax

3,463

3,095

+11.9 %

Balance Sheet (CZK million)

 

 

 

Total assets 

632,779

561,766

+12.6 %

Receivables from clients  

373,221

355,880

+4.9 %

Deposits from clients 

372,156

333,008

+11.8 %

Payables from debt securities

63,299

67,811

-6.7 %

Shareholder's issued capital 

64,849

57,777

+12.2 %

COMMENTS TO THE ATTAINED RESULTS

Items of Profit and Loss Statement

“Low interest rates and growing competition on the banking market result in a slight decrease of net interest income and net income from fees and commissions. Growing regulatory requirements have further impact on the growth of administrative expenses of banks, including our Bank. However, it is thanks to our prudent strategy and positive macro environment that we manage to continually reduce credit risk cost which fell by 28.9% yoy,” said Mr. Gregor Hofstaetter-Pobst, CFO of UniCredit Bank.

Balance Sheet

  • In the retail banking, the lending segment grew considerably by 13.6% thanks to a high growth of mortgage loans (14.3%), as well as of consumer loans (11%). Bank deposits of retail clients are also growing (9.1%), supported by the success of the no-fee account U konto (U Account) which is gaining growing popularity, especially among young clients.
  • In the corporate segment, deposits from clients significantly increased by 18.1% yoy. Stable growth of granted loans (4.8%) was visible in the segment of small and medium enterprises which reported a two-digit growth by 10.1%.
  • As for leasing companies, financed value of vehicles grew by 26% in the first half of 2016 compared to the same period of 2015. The most significant year-on-year growth expressed in percent was reached by vehicles up to 3.5 tonnes (31%) and vehicles over 3.5 tonnes (7%).

Novelties and awards 

  • At the beginning of this year, both UniCredit Leasing and UniCredit Factoring celebrated 25 years on the Czech market.
  • In the first half of 2016, UniCredit Bank also introduced several important product novelties. Customers can now open U konto TANDEM (U Account Tandem) which enables them to fulfil the condition of minimum turnover for no-fee current account in tandem. The introduction of PRESTO Půjčka (PRESTO Loan) with a bonus of CZK 3,000 (in the case of loan over CZK 100 thousand) was also promoted by a marketing campaign of the Bank. The Bank already launched the second round of the successful programme “Doporuč a získej” (Recommend and Be Awarded) in which the Bank rewards its customers for recommending services to friends and acquaintances.
  • In the Zlatá koruna (Golden Crown) competition, UniCredit Bank had the best mortgage and consumer loan. Also mobile Smart Banking was successful, winning the second place in the Novelty of the Year category. The professional jury also awarded the stock dividend fund of Pioneer Investments, which is a member of UniCredit Group. 

Note for editors

The consolidated net profit of the financial group UniCredit Bank Czech Republic and Slovakia, a.s. includes results of UniCredit Bank and UniCredit Leasing in the Czech Republic and in Slovakia, as well as the results of the factoring company UniCredit Factoring Czech Republic and Slovakia, a.s.

Enquiries:
Zuzana Ďuďáková,
hovorkyňa UniCredit Bank Czech Republic and Slovakia a UniCredit Leasing SK, a.s.
E-mail: zuzana.dudakova@unicreditgroup.sk, tel. 02/49502303

13/06/2016 - Giovanni Guidi appointed as a new Board member of UniCredit Bank

Prague, 13 JuneGiovanni Guidi (62) became a new Board member of UniCredit Bank Czech Republic and Slovakia in June. Within UniCredit Bank, he will continue in his position as Head of Retail and Private Banking Division.

Giovanni Guidi has more than 40 years of experience in the banking sector. He started his career in UniCredit Group in 1975 as an employee in retail network of Credito Italiano. He gradually made his way up to top management. He was in charge of the development of Retail and SME segment as well as of Credit and Market Risk Processes.

Giovanni Guidi started his international career in 2002 in UniCredit Group’s New Europe Division, where he was responsible for the development of Retail and SME segment. From 2005, he participated in the reorganisation of UniCredit Group and worked as a regional manager in several Central and Eastern Europe countries, from Poland and Croatia to Turkey.

In 2008, Mr. Guidi held the office of Head of Retail Risk in Ukrosotsbank, a former Ukrainian branch of UniCredit Group. In 2010, he joined UniCredit Bank Czech Republic as Head of Consumer Finance. In 2012, he was appointed Head of Retail Banking Division and shortly after also Executive Committee member. Mr. Guidi participated, for instance, in strategies for acquisition and retention of affluent clients and in development of retail banking.

12/05/2016 - Banking in CEE – supporting sustainable growth and innovation

Banking in CEE – supporting sustainable growth and innovation

  • Corporate lending remains a central area of banks´ business in the region, a moderate recovery expected going forward
  • The structure of corporates’ sources  of financing in CEE indicates a potentially greater role for debt securities

Corporate lending is going to remain a central area of banks´ business in Central and Eastern Europe (CEE - CEE includes Bosnia, Bulgaria, Croatia, Czech Republic, Hungary, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey and Ukraine) and it is expected to recover moderately going forward. This is one of the key findings of the recent “Banking in CEE – Supporting Sustainable Growth and Innovation” study compiled by CEE Strategic Analysis at UniCredit. Although corporate lending has been weak in most CESEE (Central Europe and South Eastern Europe (CESEE) is CEE excluding Russia, Turkey and Ukraine) countries in the past years, which appears to be related to lower investments and, in part, to higher corporate savings, corporate loans growth has accelerated  in some countries in 2015. At the same time the structure of corporates’ sources of financing in CEE indicates that there is scope for a potentially greater role for debt securities. Exports and EU funds should provide additional business opportunities for banks in the region.

“The economic environment, in which banks are operating in Central and Eastern Europe, is expected to remain overall positive. Most countries in the region will show solid economic growth in both, 2016 and 2017”, said Carlo Vivaldi, Head of CEE Division at UniCredit. According to UniCredit Research real GDP growth of CESEE should reach 3.2 per cent this year and 3.3 per cent next year following 3.5 percent in 2015, the respective rates of CEE will be 1.3 per cent and 2.6 per cent following 0.4 per cent last year.  Moreover economic growth is expected to spread to all CEE countries in 2016.

corporate-loans.png

“Following the global financial crisis in 2008, the corporate financing gap in CESEE has turned positive reflecting low financing needs due to lower investments and, in part, higher savings ”, stated Mauro Giorgio Marrano, Deputy Head of CEE Strategic Analysis at UniCredit. For example gross corporate savings as a portion of GDP climbed to 20.2 per cent on average in Bulgaria in the 2009 – 2014 period compared to 15.5 per cent between 2004 and 2008, and to 17.6 per cent on average in Hungary compared to previously 14.1 per cent. Although not all CESEE countries have shown an increase in corporate gross savings, the reduction in investment has been observable across the board. As the economic recovery progresses, corporate lending is expected to pick up with the regional laggards improving.

While lending is going to remain the main source of corporate financing in CEE, there is scope for a potentially greater role of debt securities. “Over the past years, we have seen that the share of financing through debt securities has increased somewhat in countries such as Czech Republic, Poland and Slovakia. Nevertheless its share is still low in most countries”, noted Carlo Vivaldi. On average the share of debt securities in total corporate financing amounts to 8 per cent in CESEE, but it is 10 per cent in Western Europe and 43 per cent in the US. Czech Republic, Poland and Slovakia are already above CESEE average.

corporate-debt.png

Further business opportunities for banks´ corporate business may be initialized by growing exports and an improving absorption of EU funds. Exports represent a significant portion of GDP in most CEE countries exceeding euro area and global average. With the euro area being the most important trading partner of the region, exports should record solid growth rates above the global average in most CEE countries in 2016 and 2017.

eu-funds.png

EU Funds are an important source of financing CEE-EU (This group includes some of the countries that joined the EU in 2004 and 2007, namely Bulgaria, Croatia, the Czech Republic, Hungary, Poland, Romania and Slovakia) economies, with banks providing advisory services, co-financing and financial intermediation. For the current programming period 2014 – 2020, more than EUR 200 billion has been allocated by the European Commission under the European Structural and Investment Funds for the CEE member states. Approximately EUR 117 billion is allocated to six CEE countries, being Bulgaria, the Czech Republic, Croatia, Hungary, Romania and Slovakia. Out of this, 20 per cent or EUR 23 billion, are meant to finance the private sector, where banks are mostly involved. “Around EUR 3.5 billion will be implemented through facilities approved by UniCredit”, estimated Carlo Vivaldi, Head of CEE Division at UniCredit.

UniCredit re-invests EUR 13 billion in organic growth of CEE business

UniCredit considers itself a long-term, strategic investor in Central and Eastern Europe, which is keen to develop its business with both corporate and private customers in the region. Since 2007 CEE Division re-invested a total of EUR 13 billion in profit before tax in the region.

In 2015 the banking group has acquired over 1.2 million new customers across all CEE countries, where it has a presence, and it intends to grow its customer base by another 1 million customers each year until 2018. Over the same period CEE CIB aims at increasing its number of customers by approximately 10,000 corporations annually. According to its Strategic Plan UniCredit is going to invest EUR 1.2 billion into digitalization aiming equally at matching new trends in customer behaviour and reducing costs. The number of internet banking users is projected to increase from currently 5 million to 10 million and the number of mobile banking users from currently 1 million to 7 million over the next three years.  CEE lending volume is expected to grow by EUR 20 billion to EUR 106 billion in 2018.

“We are fully committed to the new Strategic Plan and its implementation is fully on track, including the intended transfer of CEE shareholdings from Vienna to Milan by year-end 2016. With this step, we lay the foundation for an even leaner governance structure and a more effective capital and liquidity management within the Group”, emphasized Carlo Vivaldi.

UniCredit is the banking group number one in Central and Eastern Europe – in terms of network, total assets and geographic diversification. The banking group operates an extensive network of roughly 3,000 branches in 13 countries, which generates roughly one quarter of its total revenues. UniCredit in CEE serves more than 26,000 international corporate customers. 2 out of 3 international corporate customers from Germany, Italy and Austria operating in CEE are served by UniCredit´s International Centers. The banking group has a long-established expertise in handling state and EU-supported programs in the CEE region resulting in more than EUR 2 billion facilities dedicated to EU Funds projects approved and another over EUR 1.3 billion agreements signed with the European Investment Fund in the first programming period 2007 - 2013.  By this, UniCredit supported more than 8,000 CEE companies, mainly SMEs with EU funds and financial instruments.

UniCredit

UniCredit is one of  Europe's leading commercial banks with strong roots in 16 European countries. Our network, which is present in roughly 50 markets, includes over 7,000 branches and over 125,000 FTEs (as of December 31, 2015).

In the CEE region, the Group operates a large international banking network with more than 3,000 branches (incl. Turkey at equity).

UniCredit operates in the following countries: Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Germany, Hungary, Italy, Poland, Romania, Russia, Serbia, Slovakia, Slovenia and Turkey.

Enquiries:
UniCredit Media Relations International
Tiemon Kiesenhofer, Tel.: +43 (0) 50505 56036   
Email: tiemon.kiesenhofer@unicreditgroup.at

11/05/2016 - UniCredit Bank Czech Republic and Slovakia achieved consolidated net profit of CZK 1.3 billion for the first 3 months of 2016

Stable growth in lending, deposits and an increase in the number of clients with unbeatable U konto

  • Consolidated net profit went down slightly by 4.2% yoy adjusted for the effect of the contribution to the Resolution Fund and the Deposit Insurance Fund, which was posted in 1Q2016. Having accounted for the mandatory contribution, it went down by 20.3% yoy to CZK 1.3 billion.
  • Operating income was down 8% yoy.  
  • Compared to 31 March 2015, loans to clients rose by 5.5%. 
  • Customer deposits increased by 14.2% yoy. 
  • Total assets went up by 16.5% yoy.  
  • Consolidated capital adequacy is 15.62% (non-audited data). 
  • In its Private Banking Survey 2016, the renowned Euromoney Magazine awarded UniCredit Bank for its innovative private banking technology and its Art Banking service, oriented on investment in art. In the Mergermarket Agency’s M&A Awards, UniCredit was awarded Financial Adviser of the Year Central & Eastern Europe thanks to its advisory in the Czech Republic and Slovakia. 

The after-tax preliminary consolidated profit of UniCredit Bank Czech Republic and Slovakia decreased from CZK 1,677 million (as of 31 March 2015) to CZK 1,337 million (as of 31 March 2016). Mr Jiří Kunert, CEO and Chairman of the Board of Directors of UniCredit Bank Czech Republic and Slovakia, commented on the results:

Our business results are in line with the development of the banking sectors profitability in an environment of low interest rates and yet, despite this fact, it exceeds market expectations. The most significant decline in revenues was recorded in trading on financial markets, which last year quarter was compared to this year's very strong. In the retail segment, we are continuing the dynamic development of new products and digital innovations in consumer financing, and this has been translated into clientsdemand and double-digit growth in loans and mortgages. The same pace is also maintained in lending to small and medium-sized enterprises. This year’s good start has also been reflected in more than 20 per cent increase in the financed value of vehicles provided by our leasing companies. 

Items of Profit and Loss Statement  

The net interest income of UniCredit Bank Czech Republic and Slovakia was down to CZK 2,511 million (as of 31 March 2015: CZK 2,565 million). The net income from fees and commissions declined
to CZK 925 million yoy (as of 31 March 2015: CZK 941 million).  

The level of general administrative expenses rose by 24.7% to CZK 2,240 million (as of 31 March 2015: 

CZK 1,796 million). After adjustment of costs to the Resolution Fund and to the Deposit Insurance Fund, is the annual increase in general administrative expenses 6%. The credit risk cost dropped to CZK 172 million yoy (as of 31 March 2015: CZK 346 million).

In line with IFRS we booked the estimated costs for our contribution to the Resolution Fund and the Deposit Insurance Fund in 1Q 2016, hence the net profit is down 20.3%, adjusted the consolidated net profit dropped slightly, by 4.2%. Despite the persistent environment of low interest rates, we have maintained a solid base of net interest income and have succeeded in increasing the volume of transactions across all segments. Our credit risk cost was down to CZK 172 million, reflecting the soundness of our portfolio as well as strong macroeconomic environment. We further continue to grow both in loans and deposits.” said Gregor Hofstaetter-Pobst, CFO of UniCredit Bank.

Balance Sheet  

In retail banking, consumer financing reported further strengthening. Retail loans posted double-digit growth, with mortgage loans increasing by 14% yoy and consumer loans rising by 12% yoy. The number of clients who use the free-of-charge U konto account with a 10-year guarantee of conditions amounted to 263,000. Over the last quarter there was an increase of almost 10%.

In the corporate segment, there was a 7% yoy growth in lending to small and medium-sized enterprises. Corporate banking deposits also reported a strong increase, almost by 20% yoy.

In the leasing companies, the financed value of vehicles for 1Q2016 grew by 19% compared to the same period in 2015. The strongest yoy percentage growth was reported in commodities by vehicles up to 3.5 tonnes (35%) and vehicles over 3.5 tonnes (20%).

As of 31 March 2016, total assets of UniCredit Bank Czech Republic and Slovakia amounted to CZK 625,650 million, representing a 16.5% increase compared to the figures as of 31 March 2015 (CZK 536,988 million).  

On the assets side of the Balance Sheet, receivables from clients increased by 5.5% to a total of CZK 368,051 million compared to 31 March 2015 (CZK 348,970 million).

On the liabilities side, liabilities towards clients grew by 14.2% to CZK 374,870 million (31 March 2015: CZK 328,120 million). Liabilities from debt securities rose by 26.1% to CZK 63,310 million (31 March 2015: CZK 50,198 million).

Compared to 1Q2015, the bank’s equity was up 4.3% to CZK 63,277 million (as of 31 March 2015: CZK 60,671 million).

Note for editors

The consolidated net profit of the UniCredit Bank Czech Republic and Slovakia, a.s., Financial Group includes the results of UniCredit Bank and UniCredit Leasing in the Czech Republic and Slovakia as well as the results of UniCredit Factoring Czech Republic and Slovakia, a.s.

27/04/2016 - Half of parents help their children with mortgage, helping them with an entire quarter of the property’s price

Parents’ money or pledging their parents’ real estate help as much as one half of young Slovaks buy their new home. Parents mostly offer cash or support in the form of borrowing or savings for their children’s mortgage. Every eighth parent offered their own real estate as collateral for their child’s mortgage loan. According to the unique survey by UniCredit Bank focusing on Slovak people with mortgage, it is most often men and people living in Bratislava who ask for help with financing for housing. 

How have your parents helped you in the purchase of your real estate via a mortgage

Do you and your partner want to make your dreams of buying a home come true and would you like to get the best interest rates? The best rates are usually offered by banks for mortgages of 85-90% of the value of the purchased real estate (LTV), but you lack the remaining finance. In such a case, many Slovaks turn to their parents for help. Nearly every second person with mortgage (47%) received help from their parents as to buying a new home. A 100% financial help, such as cash (23%), is the most common; but there are also other popular ways, including family borrowings (7%) or taking out savings products (4%).

“Despite the historically low rates, purchasing a home through mortgage represents a major financial investment for many of us. We often cannot do without the help of our family at the start. Finances for the start are the most popular rightly because they help twice. With lower mortgages, the young will get better interest rates. In UniCredit Bank, for instance, 3-year fixations start at 1.19% p.a. Young people may also equip their households for the money from their parent. An overwhelming majority of parents provides their children with finances up to one fourth of the real estate’s price,” Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank, comments on the survey’s results.

How much have your parents given you?

More than one out of ten parents (12%) give their own real estate as collateral for the mortgage loan. Such help is convenient, for instance, when purchasing a housing association flat as it is sometimes impossible to pledge such flat when applying for mortgage “Parents’ help with buying a new home does not necessarily mean cash on hand. Frequently, it is the provision of one’s own house as collateral for the mortgage that helps,” Ďuďáková adds.

It is mostly young men in their thirties living in Bratislava who enjoy their parents’ support

It is mostly young men up to 26 years of age from Bratislava and the region of Trenčín who enjoy their parents’ support; parents help more than one half of them. On the contrary, in the regions of Košice and Žilina, six out of nine Slovaks manage their mortgage on their own. Parents’ support is usually provided up to no more than one fourth of the property’s price. Every fourth helping parent (28%) gave a higher amount to their child, it was mostly parents from the regions of Prešov and Trnava.

It is mostly people in their thirties who get a mortgage

At what age do people get a mortgage?

In general, mortgage loans are taken out mostly by people in their thirties to forties (49%), with younger applicants accounting for one third (30%). They use mortgage mainly to buy a house or flat. On the contrary, the older generation prefers refinancing of older mortgage loans. Today, not many people are into building a new house. This applies to all age categories, with building accounting for less than ten per cent of all mortgages.

A typical Slovak repays his mortgage for 22 years on average. The amount of loan has no material influence on the period of repayment. As for fixations, the three-year ones are the most popular; given its historically low interest rates, it was chosen by almost four fifths of clients last year (79%).

Notes for editors

The survey was conducted for UniCredit Bank by the Ipsos agency in March 2016, using a method of online enquiry on a representative sample of 525 Slovak and 840 Czech respondents aged 18 to 65 and on a sample of around 100,000 clients as for UniCredit Bank mortgage data.

Enquiries

 Zuzana Ďuďáková, Press Spokesperson of UniCredit Bank Czech Republic and Slovakia
E-mail: zuzana.dudakova@unicreditgroup.sk
Tel. No.: +421 2 4950 2303

06/04/2016 - Economic growth to spread to all CEE countries this year

  • CEE-EU to repeat 2015 performance, when GDP grew at its fastest pace since the global financial crisis
  • Growth is firming in Turkey, Serbia and Croatia, recessions in Russia and Ukraine are easing

Despite the recent turbulence in global financial markets, Central and Eastern Europe (CEE) entered 2016 on a strong note, with economic activity gaining pace and financial markets resilient.  With growth in the Euro Area  expected to hold well, ECB  embarking on another round of Quantitative Easing, and the Fed adopting a dovish stance, growth should spread to all CEE countries this year and continue at a similar pace in 2017. According to the latest CEE Quarterly published by UniCredit Economics & FX/FI Research department, output expansion will be mainly driven by the ongoing recovery in domestic demand. However, growth will vary by pace and sustainability from country to country. In CEE-EU (This group includes some of the countries that joined the EU in 2004 and 2007, namely Bulgaria, the Czech Republic, Hungary, Poland, Romania and Slovakia. Croatia is addressed separately.) real GDP rose at its fastest pace since the global financial crisis last year and looks on track to repeat this performance also in 2016.

Spurred by concerns about China, global growth prospects and the health of the European banking sector, financial markets underwent major turbulence early in the year. Even though not substantiated by tangible evidence about an impending recession, the global selloff had a significant impact on emerging markets. Although markets calmed down as of late due to evidence about the continued economic strength in Europe, the US and China and the ECB´s renewed round of QE, the global outlook for emerging markets has become more uncertain. Against this background, CEE-EU stood out as an island of stability with the downturn limited and the recovery swift. Growth also firmed in Turkey, Croatia and Serbia. In the latter two, the lack of policy space given high fiscal deficits and debt kept growth subdued. In Turkey, growth was driven by fiscal and monetary expansion. Recessions in Russia and Ukraine have eased.

“Unlike elsewhere in the region, the expansion in domestic demand in CEE-EU has not been accompanied by the buildup of macroeconomic imbalances. This has enabled local authorities to pursue growth-supporting policies without putting financial stability at risk. The strong expansion in domestic demand gave an important cyclical boost to revenues, while the surge in EU-transfers enabled governments to boost public investment without jeopardizing deficit targets,” said Lubomir Mitov, CEE chief economist at UniCredit, “The solid external positions enabled the CEE-EU to benefit to the fullest from the ultra-low global interest rates and ample liquidity, keeping monetary stances accommodative with interest rates at record lows and currencies stable.”

GDP change in % 

Forecast for 2016

Forecast for 2017

EU Members

Bulgaria

3.4

3.6

Croatia

1.5

1.6

Poland

3.7

3.8

Romania

4.3

3.8

Slovakia

3.2

3.2

Slovenia

1.9

2.4

Czech Republic

2.2

3.0

Hungary

2.7

2.6

EU candidates and others

Bosnia-Herzegovina

3.0

3.4

Russia

-2.5

1.2

Serbia

2.2

1.8

Turkey

3.3

3.4

Ukraine

2.0

2.5

Source: UniCredit Economics & FX/FI Research, CEE Quarterly 2Q16

Near-term outlook remains benign, scope for growth-supportive policies about to melt

Going forward, UniCredit researchers remain upbeat about the near-term outlook. Despite the heightened market volatility at the start of the year, they stick to their above-consensus forecast for Euro Area growth of 1.7 per cent in 2016. Recent PMI readings and high frequency data such as exports, orders and industrial production have confirmed that economic activity in the Euro Area continues to plough ahead at a robust pace. That said, growth performance is expected to improve across CEE region, with 2016 likely to be somewhat better than 2017. Scope for growth-supportive policies will be larger this year as well, with strains emerging in a number of countries next year that would necessitate fiscal adjustment and monetary tightening.

Overall growth should remain the strongest and more balanced in the CEE-EU, but is likely to pick up pace also in Croatia and Serbia. Growth should pick up also in Turkey later in the year, as political tensions subside and the effects of the 30 per cent minimum wage hike enacted at the start of the year filter through the economy. Both, Russia and Ukraine, will exit recessions, but recoveries will remain uneven and slow, hindered by the absence of structural reforms needed to boost potential growth. While recovering oil prices will support the ruble and Russian bonds, fiscal policy will become the key challenge. Ukraine, meanwhile, will struggle, with debt and sustainability a concern, until the oligarch-dominated political model is dismantled.

“The expected recovery in bank credit will also provide an important boost to private consumption, which will benefit from improving labor markets and stronger wage growth. We expect bank lending to play a greater role in financing the economy given strong capital positions, ample liquidity, very low interest rates, and signs that the deleveraging that began with the global financial crisis has largely run its course”, stated Lubomir Mitov.

Inflation in CEE-EU to shift to a sustained upward trend

The pattern of growth is likely to be similar next year, but perhaps a tad lower as exports weaken with demand in the Euro Area softer and a stronger euro denting competitiveness vis-à-vis third countries. On the other hand, EU fund absorption ought to pick up again, offsetting most of the drag from net exports. An important distinction in 2017 will be the more limited policy space as higher global interest rates force monetary tightening among CEE-EU and with a number of countries facing the need for fiscal adjustment to avoid breaching the 3 per cent of GDP deficit limit.

Despite robust domestic demand, price pressures will remain restrained this year, mostly thanks to the lower oil and food prices and imported disinflation from the Euro Area. The inflection point for consumer prices is expected to be in 2Q16, after which inflation will shift to a sustained upward trend. This will not only reflect the lapse of favorable basis effects, but also rising core inflation as output moves above potential in most of the CEE-EU. Nevertheless UniCredit researchers do not expect inflation to approach central banks´ targets before late next year, when rate hikes will be back on the agenda. In the meantime, central banks are very likely to remain on hold. Modest further easing could be in the cards only in Poland.

UniCredit

UniCredit is one of  Europe's leading commercial banks with strong roots in 16 European countries. Our network, which is present in roughly 50 markets, includes over 7,000 branches and over 125,000 FTEs (as of December 31, 2015). 

In the CEE region, the Group operates a large international banking network with more than 3,000 branches (incl. Turkey at equity).

UniCredit operates in the following countries: Austria, Azerbaijan, Bosnia and Herzegovina, Bulgaria, Croatia, the Czech Republic, Germany, Hungary, Italy, Poland, Romania, Russia, Serbia, Slovakia, Slovenia and Turkey.

Enquiries:
International Media Relations
Tiemon Kiesenhofer, telephone: +43 (0) 50505 56036
e-mail: tiemon.kiesenhofer@unicreditgroup.at

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