Hypovereinsbank (UniCredit Bank AG)
Hypovereinsbank, also known as UniCredit Bank AG, was founded in 1998 through the merger of Bayerische Hypotheken- und Wechsel-Bank Aktiengesellschaft (Hypobank) and Vereinsbank. In 2005, Hypovereinsbank became a subsidiary of UniCredit Group, one of Europe's leading banking groups, and adopted the name UniCredit Bank AG. Under UniCredit's ownership, Hypovereinsbank continued to grow and strengthen its position as a significant player in the German banking sector.
The bank provided various services to clients, including portfolio management, asset management, and trust management. It also engaged in brokering insurance, savings and loan contracts, and investment funds. Additionally, the bank conducted investment and securities commission activities, as well as payment processing services.
In the financial year, Hypovereinsbank achieved strong financial results. The bank reported a total income of €6,020 million, reflecting its ability to generate substantial revenue across its various business activities.
Hypovereinsbank also saw growth in its total assets, which increased to €311,735 million compared to €291,501 million in the previous year. Net interest income, a key component of the bank's earnings, amounted to EUR 3,470 million, highlighting its success in managing interest rate differentials and generating income from lending and investment activities.
With its extensive branch network and digital banking solutions, Hypovereinsbank aims to meet the diverse needs of its customers and provide them with innovative financial solutions. Today, it continued to grow and strengthen its position as a significant player in the German banking sector.
Founded: 1998
Headquarters: München, Germany
Website: https://www.hypovereinsbank.de/
