Prospectus - Notowania
Prospectus - Notowania Prospectus - Notowania
6.12. Rating The following table shows the UniCredit rating, as at the date of the Prospectus, assigned by Fitch, Standard & Poor’s and Moody’s: Fitch Standard & Poor's Moody’s Short-term payables Medium/longterm payables Short-term payables Medium/longterm payables Short-term Rating F1 A A-1 A payables P-1 Medium/longterm payables Aa3 Summary of the rating of the Issuer during 2009 Shown below is a summary of the main actions taken on the rating of the Issuer by the rating agencies during 2009. March 18, 2009: Standard & Poor’s modified UniCredit’s long-term rating by one notch from “A+” to “A”, confirming the short-term rating at “A-1”. The outlook went from negative to stable. April 16, 2009: Fitch modified UniCredit’s long-term rating by one notch, bringing it from “A+” to “A” and the individual rating from “B/C” to “C”. The short-term rating was confirmed at “F1”. The outlook remained negative. June 18, 2009: Moody’s, as part of a more extensive analysis at Italian banking system level, confirmed UniCredit’s long-term and short-term ratings (Aa3/P-1). The outlook remained stable. The Bank’s Financial Strength Rating (BFSR) was subject to observation for a possible downgrading. August 6, 2009: Moody’s modified the Bank’s Financial Strength Rating (BFSR) bringing the negative outlook from C+ to C. The revision had no impact on the long-term and short-term ratings (Aa3/P-1). The outlook remained stable. October 1, 2009: Standard & Poor’s confirmed the long-term and short-term ratings (A/A-1). The outlook remained stable. December 22, 2009: Fitch confirmed the long-term and short-term ratings (A/F-1) and the individual rating of “C”. The outlook remained negative. - 152 -
7. ORGANISATIONAL STRUCTURE 7.1. Group the Issuer belongs to The Issuer is the Parent company of the UniCredit Group and performs not only banking activities, but the functions of guidance, governance and unitary control over subsidiary banks, and financial and instrumental companies. The Issuer, as a bank that exercises the management and coordination activities of the UniCredit Banking Group pursuant to the terms of Article 61, fourth paragraph of the TUB (Consolidated Banking Act), issues, as part of the exercising of management and coordination activities, provisions to the members of the banking Group, and for the execution of instructions communicated by the supervisory authorities and in the interest of the stability of the UniCredit Banking Group. The organisational chart of the main companies in the UniCredit Banking Group as at the date of the Prospectus is shown below. - 153 -
- Page 101 and 102: associated with liabilities which a
- Page 103 and 104: Total 3,781 4,003 4,186 3,086 -5.5%
- Page 105 and 106: PIRELLI PEKAO REAL ESTATE SP. Z O.O
- Page 107 and 108: a structure by sector of activities
- Page 109 and 110: Total 2,680 5,616 5,458 10,510 8,21
- Page 111 and 112: (ii) credit, debit and prepaid card
- Page 113 and 114: The CIB business segment focuses on
- Page 115 and 116: markets and corporate treasury sale
- Page 117 and 118: econstructed INCOME STATEMENT FIGUR
- Page 119 and 120: The table below discloses the main
- Page 121 and 122: For the purposes of assessing the r
- Page 123 and 124: (the available margin is provided b
- Page 125 and 126: these shares, provided that the sha
- Page 127 and 128: and up-dates on the basis of the pr
- Page 129 and 130: (i) the granting of authorizations
- Page 131 and 132: - 131 -
- Page 133 and 134: Private Banking Business Unit (whic
- Page 135 and 136: Piedmont 466 2,716 17 2 Puglia 173
- Page 137 and 138: Europe (including Germany and Austr
- Page 139 and 140: (b) PMI, for corporations with an a
- Page 141 and 142: With regards to loans 19 , as at Ju
- Page 143 and 144: and services, combining a unique ge
- Page 145 and 146: • the guidelines, policies and st
- Page 147 and 148: countries), with reference to the m
- Page 149 and 150: • the introduction, within the ne
- Page 151: Real estate risk consists of potent
- Page 155 and 156: - 155 -
- Page 157 and 158: 7.2. Issuer’s subsidiaries The fo
- Page 159 and 160: NAME REGISTERED OFFICE COUNTRY ACTI
- Page 161 and 162: NAME ASPRA FINANCE S.P.A. ITALY REG
- Page 163 and 164: NAME REGISTERED OFFICE COUNTRY PEKA
- Page 165 and 166: NAME REGISTERED OFFICE COUNTRY ACTI
- Page 167 and 168: NAME REGISTERED OFFICE COUNTRY UNIC
- Page 169 and 170: ARGENTAURUS IMMOBILIEN- VERM IETUNG
- Page 171 and 172: • Tangible assets: breakdown of a
- Page 173 and 174: The information regarding intangibl
- Page 175 and 176: Vienna Donau-City Wed Donau - City
- Page 177 and 178: 9. REPORT ON THE OPERATIONAL AND FI
- Page 179 and 180: slowdown in both German and, more s
- Page 181 and 182: this Chapter refer to these changes
- Page 183 and 184: • 2009 − Retail − Corporate &
- Page 185 and 186: longer intended for trading due to
- Page 187 and 188: illion, an increase of approximatel
- Page 189 and 190: REGULATORY CAPITAL 09.30.2009 12.31
- Page 191 and 192: capital requirements for market ris
- Page 193 and 194: as per the accounting standards app
- Page 195 and 196: At the end of 2008, available-for-s
- Page 197 and 198: Non-financial companies 3,138 1,961
- Page 199 and 200: and demand deposits 2.2 Time deposi
- Page 201 and 202: derecognised Total (Carrying value)
7. ORGANISATIONAL STRUCTURE<br />
7.1. Group the Issuer belongs to<br />
The Issuer is the Parent company of the UniCredit Group and performs not only banking<br />
activities, but the functions of guidance, governance and unitary control over subsidiary banks,<br />
and financial and instrumental companies.<br />
The Issuer, as a bank that exercises the management and coordination activities of the<br />
UniCredit Banking Group pursuant to the terms of Article 61, fourth paragraph of the TUB<br />
(Consolidated Banking Act), issues, as part of the exercising of management and coordination<br />
activities, provisions to the members of the banking Group, and for the execution of<br />
instructions communicated by the supervisory authorities and in the interest of the stability of<br />
the UniCredit Banking Group.<br />
The organisational chart of the main companies in the UniCredit Banking Group as at the date<br />
of the <strong>Prospectus</strong> is shown below.<br />
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