Prospectus - Notowania

With regards to loans 19 , as at June 30, 2009, the UniCredit Group also boasted a
market share of 7.1% in the CEE countries where it is present, with a share, in terms
of loans to non-financial companies, of 7.3% and a share of 6.4% in loans to families.
In this field in particular, the UniCredit Group boasts a market share of primary
standing in terms of loans in Poland of 11.0%, 25.4% in Croatia, 15.5% in Bulgaria,
18.6% in Bosnia and 10.2% in Turkey.
Finally, in terms of deposits, as at June 30, 2009, the UniCredit Group recorded a
market share of 6.9%, with a market share of 7.9% from non-financial companies and
6.2% from families. The UniCredit Group boasts a significant market share, in terms
of collection, in Poland particularly of 14.2%, Croatia 25.2%, Bulgaria 15.2%, Bosnia
20.5% and Turkey 8.7%.
(c) Asset Management
The mutual fund market at global level totalled €17.7 thousand billion as at September
30, 2009. The United States accounted for 45% of the market, Europe 38%, while
Asia and the Pacific area, the market showing the most rapid growth in recent years,
accounted for 11% 20 .
As at September 30, 2009, Italy, which is the main reference market of Pioneer
Investments 21 , registered total assets invested in mutual funds of €422.5 billion. A
pioneer in said field, with assets of €66 billion 22 and a market share of 15.6%, and the
second ranked active operator. The market share of the top 5 operators stands at
55.5% 23 .
In Germany - the second biggest market in Europe in terms of the Asset Management
dimensions of the UniCredit Group – assets invested in mutual funds reserved for the
retail segment stood at €636.2 billion as at September 30, 2009. The market share of
the UniCredit Group in Germany as at September 30, 2009 stood at 2.0%, with total
assets amounting to €12.8 billion 24 . The UniCredit Group is also present in the special
funds market, funds dedicated to the institutional sector, with total assets as at August
31, 2009 of €6.5 billion, and a market share of 0.94% 25 .
In Austria, the mutual fund market stood at €135.5 billion as at September 30, 2009.
At the same date, Pioneer Investments was the third biggest operator with total assets
of €20 billion and a market share of 14.8% 26 .
Finally, in the United States, Pioneer Investments is present as a consolidated operator
in the mutual fund sector - in particular in the non-proprietary segment - with total
19 Source: UniCredit Group data processing, CEE Strategic Analysis.
20 Source: Strategic Insight. Asia and the Pacific area includes Australia. The remaining 6% is represented by other
countries such as Canada, and Latin America and South Africa.
21 Pioneer Investments is the commercial name that distinguishes the Group’s asset management companies.
22 The figure relative to assets includes mutual retail funds exclusively.
23 Source: Assogestioni.
24 Source: BVI. The figure refers to mutual funds sold to the retail segment by Pioneer Investments and Internationales
Immobilien-Institut GmbH Kapitalanlagegesellschaft.
25 Source: BVI. The figure refers to special funds, sold by Pioneer Investments and Internationales Immobilien-Institut
GmbH Kapitalanlagegesellschaft.
26 Source: Voeig. The figures include both assets under management and assets under administration. The figure relative to
Pioneer Austria also includes own funds.
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