Prospectus - Notowania

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(*) NEW NAM E FOR BAYERISCHE HYPO UND VEREINSBANK AG FROM 1 2 .15.2009 List of the Main Minority Shareholders NAME AB ACQUISITION HOLDINGS LIMITED REGISTERED OFFICE SPAIN STATE ACTIVITY COMPANY OWNING THE INTEREST HOLDING OF EQUITY INVESTM ENTS - 398 - % OF EQUITY OWNED IND. DIR. IND. DIR. % OF VOTING RIGHTS SHARE CAPITAL CURRE NCY SHARE CAPITAL HVB CAPITAL PARTNERS AG 2 .51 0.00 GBP 3,983.000.000.00 BANCA D' ITALIA ITALY CENTRAL BANK UNICREDIT S.P.A. 22.114 22.11 EUR 156.000.00 BANK OF VALLETTA PLC M ALTA BANK UNICREDIT S.P.A. 14.55 14.55 EUR 160.000.000.00 BW A BETEILIGUNGS- UND VERW ALTUNGS- AKTIENGESELLSCHAFT CA IMMOBILIEN ANLAGEN AKTIENGESELLSCHAFT AUSTRIA DEUTSCHE SCHIFFSBANK AG GERM ANY BANK ISTITUTO PER IL CREDITO SPORTIVO EDP LONDON STOCK EXCHANGE GROUP PLC HOLDING OF EQUITY INVESTM ENTS UNICREDIT BANK AUSTRIA AG 1 2 .63 12.63 EUR 214,435,323.33 AUSTRIA LEASING UNICREDIT BANK AUSTRIA AG 1 1 .91 11.91 EUR 634,370,022.00 BETEILIGUNGS-UND HANDELSGESELLSCHAFT IN HAM BURG M IT BESCHRANKTER HAFTUNG 7.91 7.91 EUR 146,998,800.00 ITALY BANK UNICREDIT S.P.A. 10.81 10.81 EUR 9,554,452.00 UNITED KINGDOM SECURITIES EXCHANGE MANAGEMENT W USTENROT & HOLDING OF EQUITY GERMANY W URTTEM BERG ISCHE AG INVESTM ENTS (*) NEW NAM E FOR BAYERISCHE HYPO UND VEREINSBANK AG FROM 1 2 .15.2009 UNICREDIT S.P.A. 5.95 5.95 GBP 19,325,834.00 UNICREDIT BANK AG (*) 7.54 7.54 EUR 481,067,777.39
List of the Main Companies Subject to Joint Control NAME INFORM ATIONS-TECHNOLOGIE AUSTRIA GM BH REGISTERED OFFICE STATE KOC FINANSAL HIZM ETLER AS TURKEY SP PROJEKTENTW ICKLUNG SCHONEFELD GM BH & CO.KG UNICREDIT M ENKUL DEGERLER AS AUSTRIA IT SERVICES ACTIVITY COMPANY OWNING THE INTEREST HOLDING OF EQUITY INVESTM ENTS PIONEER INVESTM ENTS AUSTRIA GMBH UNICREDIT BANK AUSTRIA AG 5 0 .00 - 399 - % OF EQUITY OWNED % OF VOTING RIGHTS IND. DIR. IND. DIR. CURRENCY 0.004 0.004 50.00 SHARE CAPITAL SHARE CAPITAL EUR 3,617,953.00 UNICREDIT BANK AUSTRIA AG 5 0 .00 50.00 TRY 3,011,274,868.44 GERM ANY REAL ESTATE UNICREDIT BANK AUSTRIA AG 5 0 .00 0.00 EUR 100.000.00 TURKEY FINANCIAL BROKERAGE YAPI KREDI AZERBAIJAN AZERBAIJAN BANK YAPI KREDI BANK NEDERLAND NV NETHERLANDS BANK YAPI KREDI EM EKLILIK AS TURKEY M IXED INSURANCE YAPI KREDI FAKTORING AS TURKEY FACTORING YAPI KREDI FINANSAL KIRALAM A AO TURKEY LEASING YAPI KREDI HOLDING BV NETHERLANDS YAPI KREDI M OSCOW RUSSIA BANK HOLDING OF EQUITY INVESTM ENTS KOC FINANSAL HIZM ETLER AS 8 9 .26 89.26 YAPI KREDI FINANSAL KIRALAM A AO 0 .00 0.00 YAPI VE KREDI BANKASI AS 1 0 .73 10.73 YAPI VE KREDI BANKASI AS 9 9 .80 99.80 YAPI KREDI YATIRIM MENKUL DEGERLER AS 0.10 0.10 YAPI KREDI FINANSAL KIRALAM A AO 0 .10 0.10 YAPI VE KREDI BANKASI AS 6 7 .24 67.24 YAPI KREDI HOLDING BV 32.76 32.76 YAPI VE KREDI BANKASI AS 0 .00 0.00 YAPI KREDI FAKTORING AS 0 .04 0.04 YAPI KREDI YATIRIM MENKUL DEGERLER AS YAPI KREDI SIGORTA AS 9 9 .92 ENTERNASYONAL TURIZM YATIRIM A.S. 0.04 0.04 99.92 0.00 0.00 YAPI KREDI FINANSAL KIRALAM A AO 0 .01 0.01 YAPI VE KREDI BANKASI AS 9 9 .95 99.95 YAPI VE KREDI BANKASI AS 9 8 .85 98.85 YAPI KREDI FAKTORING AS 0 .00 0.00 TRY 31,845,375.00 USD 32,750.000.00 EUR 48,589,110.46 TRY 58.000.000.00 TRY 16,802,326.00 TRY 389,927,710.00 YAPI VE KREDI BANKASI AS 100.00 100.00 EUR 59.000.000.00 YAPI VE KREDI BANKASI AS 9 9 .84 99.84 YAPI KREDI FINANSAL KIRALAM A AO 0 .16 0.16 RUB 478,272.000.00 YAPI KREDI PORTFOY YONETIMI TURKEY LOAN SERVICER YAPI VE KREDI BANKASI AS 1 2 .65 12.65 TRY 2,349,443.00
Page 1 and 2:
Prospectus relating to the offer un
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4.3.3 Risks associated with the per
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20.4. Audit of annual financial inf
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6.5 Stabilisation..................
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Banca dell’Umbria Banca dell’Um
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Issuer or UniCredit or the Company
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Germany, and between January 14, 20
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UniCredit Family Financing Bank Uni
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CDO Acronym of Collateralized Debt
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well as the negative “prudential
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RWA (Risk-weighted asset) Value wei
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(h) Counterpart risk; (i) Risks ass
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Since its creation, the Group has c
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For greater information on the UniC
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OPERATING PROFIT (millions of €)
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The members of the Board of Directo
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Article 2441, first, second and thi
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− notification that the investor
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Selected financial information on t
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• statutory financial statements
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1. PARTIES RESPONSIBLE 1.1 Parties
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consolidated interim report as of t
Page 45 and 46:
The reclassified income statement f
Page 47 and 48:
Trading, hedging and fair value inc
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at 12.31.2008 Notional value 28,772
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4. RISK FACTORS - 51 - RISK FACTORS
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- 53 - RISK FACTORS Since the finan
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- 55 - RISK FACTORS 2009 did not em
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- 57 - RISK FACTORS liquidity facil
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- 59 - RISK FACTORS which €1,686
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- 61 - RISK FACTORS Increases in th
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- 63 - RISK FACTORS Some of the met
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- 65 - RISK FACTORS Regional Court
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- 67 - RISK FACTORS Dalmata S.r.l.
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- 69 - RISK FACTORS • Vanderbilt
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- 71 - RISK FACTORS It is maintaine
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- 73 - RISK FACTORS With reference
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- 75 - RISK FACTORS related supplem
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- 77 - RISK FACTORS expressly adher
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4.1.17 Risks associated with activi
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- 81 - RISK FACTORS The UniCredit G
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- 83 - RISK FACTORS effects on the
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- 85 - RISK FACTORS 4.2.5 Risks ass
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- 87 - RISK FACTORS For further inf
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5 INFORMATION ON THE COMPANY 5.1. H
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What is more, in August 2004 Pionee
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(B) The merger transactions with th
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Register on September 25, 2007 and
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December 2007 UniCredit reached an
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Real Estate subsequently transferre
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associated with liabilities which a
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Total 3,781 4,003 4,186 3,086 -5.5%
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PIRELLI PEKAO REAL ESTATE SP. Z O.O
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a structure by sector of activities
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Total 2,680 5,616 5,458 10,510 8,21
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(ii) credit, debit and prepaid card
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The CIB business segment focuses on
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markets and corporate treasury sale
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econstructed INCOME STATEMENT FIGUR
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The table below discloses the main
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For the purposes of assessing the r
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(the available margin is provided b
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these shares, provided that the sha
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and up-dates on the basis of the pr
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(i) the granting of authorizations
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- 131 -
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Private Banking Business Unit (whic
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Piedmont 466 2,716 17 2 Puglia 173
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Europe (including Germany and Austr
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(b) PMI, for corporations with an a
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With regards to loans 19 , as at Ju
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and services, combining a unique ge
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• the guidelines, policies and st
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countries), with reference to the m
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• the introduction, within the ne
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Real estate risk consists of potent
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7. ORGANISATIONAL STRUCTURE 7.1. Gr
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- 155 -
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7.2. Issuer’s subsidiaries The fo
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NAME REGISTERED OFFICE COUNTRY ACTI
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NAME ASPRA FINANCE S.P.A. ITALY REG
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NAME REGISTERED OFFICE COUNTRY PEKA
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NAME REGISTERED OFFICE COUNTRY ACTI
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NAME REGISTERED OFFICE COUNTRY UNIC
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ARGENTAURUS IMMOBILIEN- VERM IETUNG
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• Tangible assets: breakdown of a
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The information regarding intangibl
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Vienna Donau-City Wed Donau - City
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9. REPORT ON THE OPERATIONAL AND FI
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slowdown in both German and, more s
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this Chapter refer to these changes
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• 2009 − Retail − Corporate &
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longer intended for trading due to
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illion, an increase of approximatel
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REGULATORY CAPITAL 09.30.2009 12.31
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capital requirements for market ris
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as per the accounting standards app
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At the end of 2008, available-for-s
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Non-financial companies 3,138 1,961
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and demand deposits 2.2 Time deposi
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derecognised Total (Carrying value)
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The coverage ratio (or the ratio be
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Situation as at 31.12.2007 Notional
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As at September 30, 2009, similar c
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In its role as sponsor, the Group s
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showed a great deal of volatility,
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The Group does not have any mortgag
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B.2 Financial assets designated at
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During Q3 2009, UniCredit Real Esta
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Total 8,175 8,049 9,105 6,872 1.6%
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Total interest income is, for the t
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(millions of €) % Change Fee and
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Net hedging income (loss) (millions
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Administrative expenses for personn
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consolidation were attributable sol
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The cost of credit risk (calculated
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eing completed on October 1, 2007.
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and Romania). Growth in the Poland
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( in millions of Euros) % Change Ne
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markets recorded in 2007 (Croatia,
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Gross profit therefore stands at
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amounting to € 1,222 million in a
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1. Deposits from banks 152,437 1,94
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usiness segments have posted result
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(in millions of €) % Change Opera
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(in millions of €) RECONCILIATION
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100. Income (Losses) from sale or r
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100. Income (Losses) from sale or r
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This result should not be considere
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10.2. Information regarding the fin
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5.00% 02.01.2016 applicable not app
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HVB Lux Geldilux - TS - 2005 tradit
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10.3. Indication of the financial r
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12. INFORMATION ON EXPECTED TRENDS
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14. ADMINISTRATION, MANAGEMENT OR S
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Quadrante Europa (Platform for logi
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esearch on the strategies of multin
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Director; he is a Member of the Boa
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the Management Board of Bank Austri
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Alessandro Profumo Giovanni Belluzz
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Manfred Bischoff Enrico Tommaso Cuc
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Donato Fontanesi Francesco Giacomin
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Marianna Li Calzi Salvatore Ligrest
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Banca SANPAOLO IMI S.p.A. Member of
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Mischek Privatstiftung Member of th
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The members of the Board of Statuto
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Massimo Livatino. Degree in Economi
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CSP Società Consortile a r.l. Chai
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Giuseppe Verrascina Interpump Group
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Eastern Europe. In November 2001 he
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Group and merger with the Capitalia
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Reninvest SA Member of the Board of
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Fondazione Ugo Foscolo (UniCredit &
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- on the Warsaw Stock Exchange in r
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Person Position description Compens
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Person Position description Compens
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Other key management personnel, lis
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Friedrich Kadrnoska Director April
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External Auditors, as well as the s
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- put in place a set of regulations
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1 shares received in 2009 following
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(c) “Discount Share”: at the en
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subsidiaries - direct or indirect -
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For that which concerns the informa
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customers Other assets 45 - 16 - -
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The following table provides detail
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November 2008 December 2008 January
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20. FINANCIAL INFORMATION REGARDING
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Balance Sheet In the following tabl
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A. 1. OPERATING ACTIVITIES Operatio
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On April 30, 2009, the ordinary ses
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losses in the matter or, if this pe
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International Industrial Participat
Page 347 and 348: debited to the plaintiff’s accoun
Page 349 and 350: Accordingly, the plaintiff requeste
Page 351 and 352: Zagrebačka maintains that the plai
Page 353 and 354: In fact, the bank believes it has c
Page 355 and 356: In the meantime, HVB, which believe
Page 357 and 358: Madoff In December 2008, Bernard L.
Page 359 and 360: standards, no provisions were made
Page 361 and 362: Investigations by the Polish Tax Au
Page 363 and 364: In addition, BiFin conducted an ins
Page 365 and 366: 21. ADDITIONAL INFORMATION 21.1. Eq
Page 367 and 368: The Board of Directors resolved: i)
Page 369 and 370: medium-term incentive system for Gr
Page 371 and 372: 09.18.2008 September 16, 2008 6,683
Page 373 and 374: 01.04.2008 December 31, 2007 6,682,
Page 375 and 376: 10.02.2006 September 15, 2006 5,218
Page 377 and 378: Only shareholders that individually
Page 379 and 380: financial or insurance sectors, in
Page 381 and 382: Pursuant to Section 27 of the Artic
Page 383 and 384: Additionally, the Shareholders’ M
Page 385 and 386: If these provisions are violated, a
Page 387 and 388: the interest held by UniCredit in B
Page 389 and 390: 22.7. Agreement for the sale by BA
Page 391 and 392: First Contribution, shares of the O
Page 393 and 394: 23. INFORMATION ORIGINATING FROM TH
Page 395 and 396: 25. INFORMATION ON EQUITY INVESTMEN
Page 397: S. NAME MEDIOBANCA BANCA DI CREDITO
Page 401 and 402: SECOND SECTION - 401 -
Page 403 and 404: 2. RISK FACTORS For a description o
Page 405 and 406: 3.4 Reasons for the Offer and Use o
Page 407 and 408: With reference to the voting right,
Page 409 and 410: Some general information about the
Page 411 and 412: esolution following the one pertain
Page 413 and 414: shareholders, and the companies and
Page 415 and 416: Non Qualifying Holdings contribute
Page 417 and 418: Capital gains realised by resident
Page 419 and 420: 4.11.2 Germany The following sectio
Page 421 and 422: and is an employee of the Company.
Page 423 and 424: Shares acquired before December 31,
Page 425 and 426: deducted to the extent to which the
Page 427 and 428: 4.11.3 Poland The following summary
Page 429 and 430: In order to eliminate the double ta
Page 431 and 432: are subject to taxation on the disp
Page 433 and 434: donation or the acceptance of inher
Page 435 and 436: ending dates, by submitting a reque
Page 437 and 438: The Shares subscribed before the en
Page 439 and 440: and Australia, and in the other Exc
Page 441 and 442: €135,000,000, then extended to
Page 443 and 444: 6. ADMISSION TO TRADING AND TRADING
Page 445 and 446: 8. EXPENSES LINKED TO THE OFFER 8.1
Page 447 and 448: 10. ADDITIONAL INFORMATION 10.1 Con
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Consolidated Interim Report as at S
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3 Consolidated Interim Report as at
Page 455 and 456:
Contents 7 Consolidated Interim Rep
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Changes made to enable proper compa
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11 >> Consolidated Interim Report T
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Notes 13 Interim Report on Operatio
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Highlights 15 >> Interim Report on
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17 >> Interim Report on Operations
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Page 469 and 470:
Results by Business Segment 21 >> I
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UniCredit Share SHARE INFORMATION S
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25 >> Interim Reports on Operations
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27 >> Interim Reports on Operations
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Operating Profit Breakdown 29 >> In
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Non-Interest Income 31 >> Interim R
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Net Profit attributable to the Grou
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Profit before Taxes 35 >> Interim R
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Capital Ratios 37 >> Interim Report
Page 487 and 488:
Page 489 and 490:
Risks connected with raising funds
Page 491 and 492:
Retail Introduction 43 >> Group Res
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45 >> Group Results Retail Retail p
Page 495 and 496:
47 >> Group Results Retail The SRT
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Retail Network Austria 49 >> Group
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Asset Gathering 51 >> Group Results
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53 >> Group Results Corporate & Inv
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Strategies and Product Lines Financ
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57 >> Group Results Corporate & Inv
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59 >> Group Results Private Banking
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61 >> Group Results Private Banking
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It is not currently possible to est
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65 >> Group Results Asset Managemen
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67 >> Group Results Central Eastern
Page 517 and 518:
Page 519 and 520:
Page 521 and 522:
73 >> Group Results Poland’s Mark
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Further Information 75 >> Group Res
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77 >> Group Results The combination
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New Group external growth initiativ
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Transactions to dispose of equity i
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Steps to Strengthen Capital 83 >> G
Page 533:
Outlook 85 >> Group Results Despite
Page 537 and 538:
89 RELASEMESTRALE CONSOLIDATA >> Co
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Liabilities and shareholders' equit
Page 541 and 542:
Page 543 and 544:
Page 545:
CONSOLIDATED CASH FLOW STATEMENT (i
Page 548 and 549:
100
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Part A) Accounting Policies A1) Gen
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Section 3 - Consolidation Scope and
Page 554 and 555:
Investments in subsidiaries, compan
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NAME MAIN OFFICE CONSOLIDATED INTER
Page 558 and 559:
Page 560 and 561:
NAME MAIN OFFICE DELPHA IMMOBILIEN-
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NAME MAIN OFFICE GRUNDSTUCKSAKTIENG
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Page 568 and 569:
Page 570 and 571:
Page 572 and 573:
Page 574 and 575:
Page 576 and 577:
Page 578 and 579:
Page 580 and 581:
Page 582 and 583:
Section 4 - Subsequent Events No ev
Page 584 and 585:
136
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Part B) Consolidated Balance Sheet
Page 588 and 589:
Section 5 - Held-to-maturity invest
Page 590 and 591:
Section 12 - Property, plant and eq
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The CGU is the lowest level at whic
Page 594 and 595:
Section 15 - Non-current assets and
Page 596 and 597:
Section 3 - Debt securities in issu
Page 598 and 599:
Section 15 - Shareholders’ Equity
Page 600 and 601:
152
Page 602 and 603:
Part C) - Consolidated Income State
Page 604 and 605:
Section 3 - Dividend income and sim
Page 606 and 607:
Section 8 - Impairment losses - Ite
Page 608 and 609:
Section 12 - Provisions for risks a
Page 610 and 611:
162
Page 612 and 613:
Part D - Segment Reporting (amounts
Page 614 and 615:
A - Primary Segment Segment Reporti
Page 616 and 617:
168
Page 618 and 619:
Part E - Risks ad related risk mana
Page 620 and 621:
Quantitative Information A. Credit
Page 622 and 623:
A.1.3 Balance sheet exposure to ban
Page 624 and 625:
Information on Structured Credit Pr
Page 626 and 627:
Retention by the Group of the first
Page 628 and 629:
Securitized assets broken down by a
Page 630 and 631:
The following table shows exposure
Page 632 and 633:
The residual life of sponsored cond
Page 634 and 635:
Structured credit product exposures
Page 636 and 637:
The Group’s portfolio includes th
Page 638 and 639:
A financial instrument is regarded
Page 640 and 641:
The following table gives the amoun
Page 642 and 643:
Here follows the breakdown of balan
Page 644 and 645:
The following graphs analyze the ba
Page 646 and 647:
Currently, clockwise and counter-cl
Page 648 and 649:
Sensitivity to the volatility of in
Page 650 and 651:
Section 3 - Liquidity risk Managing
Page 652 and 653:
Organizational structure Senior Man
Page 654 and 655:
B. Legal Risks There are a number o
Page 656 and 657:
Cirio In April 2004 the Extraordina
Page 658 and 659:
Divania S.r.l In the first half of
Page 660 and 661:
Mario Malavolta On July 2009 Mr. Ma
Page 662 and 663:
Hypo Real Estate AG and Hypo Real E
Page 664 and 665:
Squeeze-out of minority shareholder
Page 666 and 667:
In addition, several proceedings ha
Page 668 and 669:
220
Page 670 and 671:
Part F - Information on Shareholder
Page 672 and 673:
Section 2 - Shareholders’ equity
Page 674 and 675:
B. Quantitative information Regulat
Page 676 and 677:
228
Page 678 and 679:
Part H - Related-party transactions
Page 680 and 681:
232
Page 682 and 683:
Part I) Share-Based Payments A. Qua
Page 684 and 685:
236
Page 686 and 687:
Annex 1 - Reconciliation of Condens
Page 688 and 689:
CONSOLIDATED INCOME STATEMENT (€
Page 690 and 691:
Annex 2 - Definition of Terms and A
Page 692 and 693:
- Pillar 1: while the objective of
Page 694 and 695:
Cost of risk The ratio between loan
Page 696 and 697:
Hedge Fund Speculative mutual inves
Page 698 and 699:
Liquidity risk The risk of the comp
Page 700 and 701:
Purchase Companies Vehicle used by
Page 702 and 703:
UCITS - Undertaking for Collective
Page 704 and 705:
256
Page 706 and 707:
258
Page 708:
260
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