HVB DIP 2006-Title Summaryv13.DOC - UniCredit

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ment, mutual funds, pension planning, insurance products, and home loan and savings products.
In the corporate customers area, the Germany business segment provides companies and self-employed customer
groups with a full range of banking products and services, including standard lending and capital markets-related
finance products, electronic banking, cash management and asset management. In addition, mid-sized corporate
customers are offered a number of more complex capital markets-related finance solutions developed by the
Corporates & Markets business segment.
In the Real Estate business unit, HypoVereinsbank intends to significantly improve the earnings-risk profile and
thus the profitability of its commercial real estate financing activities.
HVB Group is one of the leading providers of banking and financial services in Austria and Central and Eastern
Europe, with an extensive branch network in both regions. The Austria/CEE business segment consists of the
business units: Private Customers Austria, SMEs Austria, Large Corporates and Real Estate, and Central and
Eastern Europe. The business segment comprises BA-CA Group´s operations involving retail customers, asset
management and private banking activities, its residential and commercial real estate financing activities in Austria
and Central and Eastern Europe, and the vast majority of its corporate banking activities.
The Corporates & Markets business segment comprises the capital market-oriented business operations of HVB
Group, and is responsible for selected corporate customers, many of which are listed on German or other European
stock exchanges. The business segment's institutional customers include industrial enterprises, financial
institutions, insurance companies, central banks, other large public institutions, and major investors. Furthermore,
the business segment is responsible for approximately 270 corporate customers. The Corporates & Markets
business segment acts as intermediary between issuers, capital markets and investors.
The Real Estate Restructuring business segment (RER) was formed on January 1, 2005 by transferring the workout
portfolios of the entire German real estate finance business of HypoVereinsbank previously assigned to the
Germany business segment together with the remaining portfolios of the Real Estate Workout segment. The aim
of this segment is to completely eliminate the allocated portfolios, by exploiting various options and the opportunities
arising from the development of the real estate markets.
Being a member of UniCredit Group, HypoVereinsbank will have five divisions and five functional units:
With the divisions Private Customers (Retail, Private Banking), Wealth Management (Private Clients, Family
Office), Corporates & SMEs (Corporate Customers, Professionals), Commercial Real Estate (Real Estate Finance)
and Multinationals & Investment Banking (Corporates & Markets) HypoVereinsbank is geared to the
structure of UniCredit-Holding. The divisions will be responsible for the respective business and service units
which report to them.
As further stipulated in the Business Combination Agreement UniCredit S.p.A. on August 26, 2005 launched a
public exchange offer to all shareholders of Bank Austria Creditanstalt ("Bank Austria Offer"); HypoVereinsbank
agreed not to tender its 77.5% stake in Bank Austria Creditanstalt in the Bank Austria Offer. This offer has
been accepted by 94.99% of the free float shareholders of Bank Austria Creditanstalt. As of December 5, 2005
these shareholders received newly issued ordinary shares of UniCredit S.p.A.. Bank Austria Creditanstalt will
perform the sub-holding company function for UniCredit Group's operations in CEE. It will manage, within
UniCredit Group guidelines, the Group's banking network in this region, excluding Poland, which will be directly
managed by UniCredit. Bank Austria Creditanstalt will take over the banking subsidiaries and branches of
UniCredit and HypoVereinsbank in this region.