UniCredit is one of the largest European commercial banks. UniCredit is focused on providing financial products and services in Western and Central and Eastern Europe. UniCredit has 4 main business lines: commercial banking (including retail, direct, private and business banking), corporate and investment banking, asset management and asset gathering.
UniCredit Bank AG has Category B banking license number 74008 issued by the Cayman Islands Monetary Authority. This type of license allows UniCredit Bank AG to conduct banking and trustee operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of UniCredit Bank AG failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of UniCredit Bank AG failure its depositors will not be paid out any compensation.
The following banks operating under UniCredit brand name has been recently closed down: