The bank has 106 divisions in Russia and a representative office in Belarus, over 985 thousand individual clients and over 22.6 thousand corporate clients. Russian carmaker Avtovaz has completed the acquisition of RN Bank, a joint venture between Italian lender UniCredit and the Renault-Nissan-Mitsubishi Alliance. The Rushimalliance company (established by Gazprom and RusGazDobycha) sued UniCredit Bank and demanded to recover 45.7 billion rubles. Previously filed a lawsuit against the German banks Deutsche Bank and Commerzbank. The European Central Bank is poised to order Italy's UniCredit, opens new tab to cut back its business with Russia. UniCredit questions ECB's right to restrict its business in Russia. EU court rejects UniCredit's request to suspend ECB's Russian demands.
May 17, 2024
Still operating in Russia. UniCredit is considering leaving the Russian Federation, but with the possibility of returning after the war - Bloomberg. UniCredit Bank, a subsidiary bank of the Italian group UniCredit, in 2022 increased its net profit according to the RAS by 4 times, to 56.5 billion rubles, according to the reporting of the credit organization. It is reported that at the moment two banks — Creditas and UniCredit Bank — have confirmed that they are canceling the accounts of Russian and Belarusian citizens. According to the representative of UniCredit Bank Petr Plotsek, the bank has long been applying special rules for opening and maintaining accounts for persons from outside the EU. He emphasized that such persons, both physical and legal, must prove a reliable and justified connection with the Czech Republic, although the bank does not publish these rules due to their nature. The Italian group Unicredit, which controls the second largest foreign bank in the Russian Federation, doubled its net profit year on year in the first quarter 2024. At the same time, the group is actively reducing its loan portfolio. The Arbitration Court of St. Petersburg and the Leningrad Region seized the Russian assets and accounts of UniCredit Bank JSC and UniCredit Bank AG (Munich) based on the claim of Ruskhimalliance, it follows from the court file. Assets worth €462.6 million were seized. A Russian court eased restrictions on UniCredit, allowing the Italian bank to offer Russian sovereign bonds as collateral instead of other assets and property. UniCredit's profit from Russia-related assets rose by 20% in the first half of 2024.
November 25, 2024 | EU court rejects UniCredit's request to suspend ECB's Russian demands |
November 08, 2024 | ECB pushes Raiffeisen, UniCredit to hold capital for Russia risk, sources say |
November 06, 2024 | UniCredit accelerates on Russian business closure but moves within legal limits |
October 25, 2024 | Russian subsidiaries of foreign banks diverge in profits and losses |
October 17, 2024 | UniCredit, Raiffeisen See Fading Options to Get Out of Russia |
October 17, 2024 | UniCredit, Raiffeisen See Fading Options to Get Out of Russia |
September 17, 2024 | Russia's RusChemAlliance sues five European banks over aborted gas project |
August 16, 2024 | UniCredit questions ECB's right to restrict its business in Russia: What arguments did the bank present to the European Court |
August 02, 2024 | UniCredit's profit from Russia-related assets rose by 20% in the first half of the year |
July 24, 2024 | One of the last European banks in Russia has announced plans to wind down operations |
July 12, 2024 | ECB has gone too far in pushing UniCredit to quit Russia, Italy minister says |
July 01, 2024 | UniCredit asked the EU court to suspend the ECB's decision to reduce business in Russia |
July 01, 2024 | UniCredit contests ECB demands to cut Russia risks in EU court |
June 26, 2024 | Russian Court Fines Italy’s UniCredit $480M Over Failed Gas Project |
June 14, 2024 | Unicredit and Russian sanctions: the first sentence overturned, the English Court of Appeal agrees with the bank |
June 01, 2024 | The Russian court will unblock UniCredit's frozen assets secured by the bank's Russian bonds |
May 20, 2024 | Unicredit, because Russia has seized accounts and assets for 463 million (but the stock is holding up). Orcel's moves and EU banks in Putin's sights |
May 20, 2024 | ECB rushing banks to quit Russia FT |
May 07, 2024 | UniCredit's Russian business doubled its net profit in the first quarter 2024 |
May 07, 2024 | UniCredit CEO says reducing Russia exposure as local profit jumps |
May 07, 2024 | UniCredit CEO says reducing Russia exposure as local profit jumps |
April 25, 2024 | UniCredit warned about restrictions on transfers for Russians |
April 23, 2024 | Gazprom subsidiary ordered to stop Russian lawsuit against UniCredit |
April 18, 2024 | Raiffeisen warns ECB plans could derail plan to sell Russian arm |
April 17, 2024 | Gazprom Unit Fights Ruling Blocking Russian UniCredit Claim |
March 12, 2024 | UniCredit faces hearings in case over Russia sanctions, guarantee claims |
February 05, 2024 | Unicredit CEO:scaling down of Russian business will have 300 mln euro negative effect in 2024 |
August 07, 2023 | FT: The largest European companies have lost 100 billion euros in Russia since the beginning of the war in Ukraine |
August 07, 2023 | Rushimalliance filed a lawsuit against UniCredit Bank for 45.7 billion rubles |
August 06, 2023 | European companies suffer €100bn hit from Russia operations |
July 25, 2023 | UniCredit to post strong quarter as Russia draws scrutiny |
June 27, 2023 | ECB Urges Banks to Speed Up Plans to Exit or Shrink Russia Units |
June 21, 2023 | Avtovaz completes deal to buy Renault-Nissan's Russian finance business |
May 24, 2023 | Unicredit Bank quadrupled net annual income under RAS |
May 16, 2023 | Czech banks close accounts for Russians and Belarusians without warning |
April 18, 2023 | To the attention of clients: UniCredit Bank's additional offices in Arkhangelsk, Belgorod and Sochi will be closed in June 2023 |
April 18, 2023 | UniCredit Bank will close three more branches in the regions in June |
April 14, 2023 | Letter sent by B4Ukraine to the UniCredit and the response provided |
February 13, 2023 | Austria's Raiffeisen Bank and Italy's UniCredit continue to earn in Russia, but pressure on them has intensified, Reuters |
January 31, 2023 | UniCredit received a loss of 220 million euros in Russia in 2022 |
January 14, 2023 | Analysis: Loans to Russian soldiers fuel calls for European banks to quit |
November 07, 2022 | UniCredit shares hit by ECB tensions over capital, Russia |
November 07, 2022 | UniCredit under pressure from ECB over dividend payouts, Russia exit |
October 04, 2022 | Why are Raiffeisen and UniCredit still in Russia? |
July 06, 2022 | UniCredit is considering leaving the Russian Federation, but with the possibility of returning after the war - Bloomberg |
June 06, 2022 | UniCredit widens search for buyers to sell out of Russia |
May 08, 2022 | Press release |
April 15, 2022 | UniCredit Weighs Russia Exit as Bankers’ Pull-Back Gathers Pace |
| UniCredit in Russia |