UniCredit S.p.A. (formerly UniCredito Italiano S.p.A.) is an Italian multinational banking group headquartered in Milan.

It is a systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets.

[2] It was formed through the merger of Credito Italiano and Unicredito in 1998[3] but has a corporate identity stretching back to its first foundation in 1870 as Banca di Genova.

[5][6] UniCredit was the outcome of the 1998 merger of several Italian banking groups, which the majority one were Unicredito (banks from Turin, Verona and Treviso) and Credito Italiano (consists of Rolo Banca, Banca Popolare di Rieti), hence the name UniCredito Italiano.

In 1999, UniCredito Italiano, as it was then known, began its expansion in Eastern Europe with the acquisition of Polish company Bank Pekao.

[9] In return for finding investors, Bank Medici collected fees of 4.6 million euros from Thema International Fund in 2007.

[11] In 2006, minority interests in the savings banks of Bra (31.021%), Fossano (23.077%), Saluzzo (31.019%) and Savigliano (31.006%) were sold for about €149 million to Banca Popolare dell'Emilia Romagna.

[13] The registered office of the bank was also relocated from Genoa (inherited from Credito Italiano) to 17 via Minghetti, Rome.

[18] In April 2015 UniCredit and Banco Santander reached a preliminary agreement to merge their asset-management businesses in a transaction valuing the combined entity at about €5.4 billion.

[26] In October 2015, UniCredit also sold UniCredit Credit Management Bank (now doBank), the subsidiary that specialized in managing NPLs to Fortress Investment Group and Prelios S.p.A. A portfolio of €2.4 billion (in gross book value) NPLs was included in the deal.

[33] In the 2016 European Union bank stress test announced on 29 July, UniCredit's CET1 ratio (fully loaded basis) was predicted at 7.10% in the adverse scenario on 31 December 2018, which was the second last among the big 5 Italian banks that participated in the stress test (the last was Banca Monte dei Paschi di Siena).

[34] Based on the 2016 SREP, UniCredit Group has required a fully load basis CET1 ratio of 10.5% from 1 January 2019 due to an increase in Capital Conservation Buffer and global systemically important bank buffer as required by CRR and CRD IV.

The registered office was located in Rome[47] from the date of the merger with Capitalia in 2007, and relocated back to Milan in 2017.

UniCredit's core markets are Italy, Germany, Austria, Bosnia and Herzegovina, Bulgaria, Croatia, Czech Republic, Hungary, Serbia, Slovakia, Slovenia, Romania, and Russia.

CIB international centers are present in New York City, London, Hong Kong, Singapore, Tokyo, Shanghai, Milan, Munich, Vienna, Budapest, Prague, Madrid, Beijing, Mumbai, Athens, Seoul, Zurich, Hanoi, Abu Dhabi.

[52] UniCredit's position has been that it is unwilling to sell its business at undervalued prices and does not want to face serious financial losses.

In addition, Fondazione Cariverona, Fondazione Cassa di Risparmio di Torino, the owners of the predecessors of UniCredit, as well as foreign sovereign wealth fund (and other government entity): Central Bank of Libya (and its subsidiary Libyan Foreign Bank)[60][29] were the shareholders of UniCredit that owned more than 2% stake as at 31 December 2015.

On 11 March 2011, Unicredit said in a press release that they froze the voting rights of the Libyan shareholders (Central Bank of Libya and Lia).