Unicredit Spa

UniCredit SpA is the head bank of UniCredit Group, one of the largest European banking group with a strong presence in Central and Eastern Europe. UniCredit SpA operates as a universal bank: it offers a broad range of products and services in retail, corporate and investment banking and asset management. UniCredit SpA adopts a fully integrated multi-channel banking model, combining traditional channels with digital ones.

Services

Retail Banking
Corporate Banking
Investment Banking

Products

Financials

Total Assets (2017)
404.98 bln EUR  (+2.74%)
Net Income (2017)
6 235.00 mln EUR

In 2017 total assets of Unicredit Spa were 404,98 bln EUR. In 2017 the bank's net income was 6 235,00 mln EUR.

Unicredit Spa is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB+ (good credit quality). Long-term credit rating assigned to the bank by Moody's is Baa1 (lower medium grade).

Unicredit Spa participates in deposit guarantee scheme of Italy. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Head of Group

 UniCredit (Italy)

Unicredit Spa is a member of UniCredit (Italy).

Contacts

VIA ALESSANDRO SPECCHI, 16, 00186, ROMA, Italy

Unicredit Spa is headquartered in ROMA.

Bank Identifiers

BIC (SWIFT)
UNCRITMMXXX
MFI ID
IT0000102484824

Business Summary

Services
retail banking
corporate banking
investment banking
Products
current accounts
debit cards
credit cards
savings accounts (0.10 - 0.10 %)
time deposit accounts
consumer loans
mortgage loans

Unicredit Spa provides products and services in the areas of retail banking, corporate banking, investment banking. The range of products offered by Unicredit Spa includes current accounts, debit cards, credit cards, savings accounts (0.10 - 0.10 %), time deposit accounts, consumer loans, mortgage loans.

Products

Savings Accounts

Savings accounts are interest-bearing deposits accounts which allow to withdraw money at any time. While providing more flexibility, savings accounts usually offer lower interest rates and shorter deposit terms than time deposit accounts.

Savings accounts made with Unicredit Spa are covered by deposit guarantee scheme of Italy up to 100 000 EUR per depositor. Unicredit Spa offers the following savings accounts.

Updated on 15 November 2018

Conto Risparmio Flessibile
Sales Region
Italy
Account Currency
EUR
Interest Rate (p.a.)
0.10 %
Deposit Term (months)
1
Savings Account Details
Product Name
Conto Risparmio Flessibile
Account Currency
EUR
Interest Rate (p.a.)
0.10 %
Deposit Term (months)
1
Investment Amount
10000 - 999999 EUR
Interest Frequency
12 times a year
Conto Risparmio Flessibile
Sales Region
Italy
Account Currency
EUR
Interest Rate (p.a.)
0.10 %
Deposit Term (months)
3
Savings Account Details
Product Name
Conto Risparmio Flessibile
Account Currency
EUR
Interest Rate (p.a.)
0.10 %
Deposit Term (months)
3
Investment Amount
10000 - 999999 EUR
Interest Frequency
12 times a year
Conto Risparmio Flessibile
Sales Region
Italy
Account Currency
EUR
Interest Rate (p.a.)
0.10 %
Deposit Term (months)
6
Savings Account Details
Product Name
Conto Risparmio Flessibile
Account Currency
EUR
Interest Rate (p.a.)
0.10 %
Deposit Term (months)
6
Investment Amount
10000 - 999999 EUR
Interest Frequency
12 times a year
Conto Risparmio Flessibile
Sales Region
Italy
Account Currency
EUR
Interest Rate (p.a.)
0.10 %
Deposit Term (months)
9
Savings Account Details
Product Name
Conto Risparmio Flessibile
Account Currency
EUR
Interest Rate (p.a.)
0.10 %
Deposit Term (months)
9
Investment Amount
10000 - 999999 EUR
Interest Frequency
12 times a year
Conto Risparmio Flessibile
Sales Region
Italy
Account Currency
EUR
Interest Rate (p.a.)
0.10 %
Deposit Term (months)
12
Savings Account Details
Product Name
Conto Risparmio Flessibile
Account Currency
EUR
Interest Rate (p.a.)
0.10 %
Deposit Term (months)
12
Investment Amount
10000 - 999999 EUR
Interest Frequency
12 times a year

Italy: This product is offered to Italian residents only. When clicking on the product link you will be redirected to the product page in Italian.

See Also

Credit Cards

Credit cards provide a convenient option to borrow funds for short-term financing, for examples purchasing of goods and services. Credit cards differ by credit card provider (Visa, American Express, MasterCard), credit card type (silver, gold, platinum), charged interest and annual costs. The following credit cards are offered by Unicredit Spa.

Updated on 15 November 2018

Flexia Classic
Sales Region
Italy
Card Currency
EUR
Card Provider
MasterCard
Card Type
Standard
Annual Costs (EUR)
35.00
Credit Card Details
Product Name
Flexia Classic
Card Provider
MasterCard
Card Type
Standard
Annual Costs
35.00 EUR
Card Currency
EUR
Bonus Programs
Insurances
Benefits
Services

Italy: This product is offered to Italian residents only. When clicking on the product link you will be redirected to the product page in Italian.

See Also

Financial Positions

Total Assets (2017)
404.98 bln EUR  (+2.74%)

In 2017 total assets of Unicredit Spa were 404.98 bln EUR. Growth compared to the previous period (2016) was 2.74%. The evolution of the total assets of Unicredit Spa is shown at Chart 1 below.

Total Assets of Unicredit Spa.

Chart 1. Total Assets of Unicredit Spa.

Profit and Loss

Net Income (2017)
6 235.00 mln EUR

In 2017 net income of Unicredit Spa was 6 235.00 mln EUR. Decline compared to the previous period (2016) was -154.41%. The evolution of the net income of Unicredit Spa is shown at Chart 2 below.

Net Income of Unicredit Spa.

Chart 2. Net Income of Unicredit Spa.

Credit Ratings (as of May 2018)

Fitch Moody's
BBB+ (good credit quality) Baa1 (lower medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Unicredit Spa is rated by Fitch and Moody's.

Credit ratings assigned to Unicredit Spa as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Unicredit Spa it is set to BBB+ (good credit quality), outlook is negative (may be lowered). The rating is not on watch. Short-term issuer default rating for Unicredit Spa is set to F2 (good short-term credit quality).

Long-Term Issuer Default Rating  BBB+
    Outlook  negative
    On Watch  No
Short-Term Issuer Default Rating  F2
Viability Rating  bbb+
Support Rating  5
Support Rating Floor  NF

Viability rating for Unicredit Spa is set to bbb+ (good fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for Unicredit Spa it is set to Baa1 (lower medium grade). Long-term bank deposit rating is Baa1 (lower medium grade). Baseline credit assessment is ba1. Short-term rating is not assigned.

Long-Term Rating  Baa1
Long-Term Bank Deposit Rating  Baa1
Baseline Credit Assessment  ba1
Short-Term Rating  -
Outlook  positive

Outlook for the ratings of Unicredit Spa is set to positive (may be raised).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Italy are obliged to participate in Italian deposit guarantee scheme.

In the case of Unicredit Spa failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Covered Accounts  repayable funds acquired by banks in the form of deposits or other forms and to bankers' drafts or other similar credit instruments shall be eligible for payment
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Unicredit Spa and its components are shown in the table below.

BIC  UNCRITMMXXX
Bank BIC Code  UNCR
Country Code  IT (Italy)
Location Code  MM
Branch Code  XXX

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Unicredit Spa is shown in the table below.

MFI ID  IT0000102484824

European Presence: 25 banks in 17 countries

Unicredit Spa operates under the brand name UniCredit. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Austria

Bulgaria

Czech Republic

France

Germany

Greece

Hungary

Ireland

Italy

Luxembourg

Romania

Serbia

Slovakia

Slovenia

Spain

Switzerland

United Kingdom

Defunct Banks: 4 banks in 4 countries

The following banks operating under UniCredit brand name has been recently closed down:

Cayman Islands

Estonia

Latvia

Lithuania