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UniCredit Bank AG Profile 2 2011 Annual Report · HypoVereinsbank UniCredit Bank AG (HVB) is one of the leading financial institutions in Germany. Our core competencies cover retail banking, corporate banking for small, medium-sized and large, internationally active corporate customers, private banking and international capital markets. Customer satisfaction is the focal point of all our activities. We are committed to providing our customers with excellent, innovative and fast solutions across all business segments. HVB belongs to UniCredit, a pan-European banking group that holds a leading position in the wealthiest regions and fastest-growing markets in Europe, notably also in central and eastern Europe. HVB is the corporate centre of competence for all UniCredit capital market operations. Germany plays an important role in the corporate group. We are committed to our regional origins. At the same time, as a fully integrated member of UniCredit and a leading European bank, we want to develop a strong cultural identity. In this context, the company name was changed from Bayerische Hypo- und Vereinsbank Aktiengesellschaft to UniCredit Bank AG in 2009 to reflect the UniCredit identity and branding. We are also committed to our corporate citizenship, promoting the common good in the countries where we operate. We offer our people excellent opportunities to further their careers throughout Europe, thereby strengthening an entrepreneurial spirit. At the same time, we ensure strict compliance with the group-wide Integrity Charter, which encompasses the basic values our staff is expected to observe. We integrate our staff through Integrity Charter workshops and regular staff surveys. We also have a coherent corporate mission statement. Among other things, this Mission Statement includes the self-imposed obligation to create customer benefits and generate lasting value.
Financial Highlights Key performance indicators 31/12/2011 31/12/2010 Net operating profit €1,935m €2,493m Cost-income ratio (based on operating income) 62.1% 52.3% Profit before tax €1,615m €1,882m Consolidated profit €971m €1,728m Return on equity before tax 1 7.2% 8.5% Return on equity after tax 1 4.3% 8.0% Earnings per share €1.16 €2.12 Balance sheet figures 31/12/2011 31/12/2010 Total assets €385.5bn €371.9bn Shareholders’ equity €23.3bn €23.7bn Leverage ratio 2 16.5x 15.7x Key capital ratios compliant with Basel II 31/12/2011 31/12/2010 Employees (in FTEs) 19,442 19,146 Branch offices 934 927 1 return on equity calculated on the basis of average shareholders’ equity according to IFRS 2 ratio of total assets to shareholders’ equity compliant with IFRS 3 calculated on the basis of risk-weighted assets, including equivalents for market risk and operational risk 31/12/2011 31/12/2010 Core capital without hybrid capital (core Tier 1 capital) €19.9bn €19.8bn Core capital (Tier 1 capital) €20.6bn €20.6bn Risk-weighted assets (including equivalents for market risk and operational risk) €127.4bn €124.5bn Core capital ratio without hybrid capital (core Tier 1 ratio) 3 15.6% 15.9% Core capital ratio (Tier 1 ratio) 3 16.2% 16.6% Ratings Long-term short-term outLook financiaL changed/ pfandbriefs changed/ strength confirmed pubLic mortgage confirmed Moody’s A2 P–1 review C– 15/2/2012 Aaa ** Aa1 ** 13/6/2008/ 17/6/2008 S & P A A–1 negative — 10/2/2012 AAA — 9/3/2010 Fitch Ratings A+ F1+ stable a–* 21/12/2011 AAA AAA 6/2/2012/ 8/2/2012 * as of 20 July 2011 Fitch uses the Viability Rating, thus replacing the previous Individual Rating ** on review for possible downgrade (23 November 2011) HypoVereinsbank · 2011 Annual Report 3
Page 1: Meeting real needs with concrete so
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Page 18 and 19: Strategy and Results Global Banking
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Page 22 and 23: Strategy and Results Human Resource
Page 24 and 25: Strategy and Results Human Resource
Page 26 and 27: Strategy and Results Corporate Sust
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Financial Statements (1) | Manageme
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Celebrating with three million youn
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Notes to the Income Statement 146 3
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Consolidated statement of total com
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Liabilities 2011 2010 change notes
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change in vaLuation of financiaL in
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(€ millions) 2011 2010 cash and c
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- Hypo-Bank Verwaltungszentrum GmbH
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This fundamentally gives rise to an
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In 2011, the following companies an
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7 Financial instruments A financial
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Determination of fair value We can
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We show the associated hedging inst
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11 Shares in associated companies a
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Equity instruments valued at cost a
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17 Investment property Compliant wi
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Up until now, the discount rate was
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The income of €6 million (2010:
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The strategic decision taken in the
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28 Income statement broken down by
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Income statement of the Family & SM
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Income statement of the Other/conso
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31 Segment reporting by region The
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Net fees and commissions from relat
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In 2010, the Bank modified its comp
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The following information regarding
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Employee share ownership plan An em
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The gain of €26.7 million (2010:
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Deferred taxes are normally measure
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87% of the promissory notes was iss
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The following tables show the main
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The figures stated for loans and re
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(€ millions) 2011 2010 Loans and
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Development of property, plant and
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57 Intangible assets (€ millions)
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59 Other assets Other assets includ
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62 Deposits from customers (€ mil
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In the case of defined contribution
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The following table shows an analys
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Defined contribution plans HVB Grou
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Subordinated liabilities The borrow
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Other Information 73 Information re
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Finance leases The finance leases e
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Positions retained from own securit
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Positions retained from own securit
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Positions held by fully consolidate
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Assets and liabilities whose valuat
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The following tables show the devel
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77 Fair values of financial instrum
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78 Undiscounted cash flow Compliant
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The following table shows equity fu
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At 31 December 2011, the key capita
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82 Trust business Trust assets (€
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Like other affiliated companies, HV
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The following table shows the break
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88 Offices Offices, broken down by
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name registered office totaL share
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name registered office 6 Fully cons
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Notes and comments to the list of h
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Munich, 15 March 2012 Buschbeck Dan
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Auditors’ Report We have audited
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Corporate Governance List of Execut
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NAME OCCUpATiON plACE OF RESiDENCE
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Corporate Governance Women’s Coun
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Also at the March meeting, the CRO
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Corporate governance In 2011, the S
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eports of the Internal Audit on the
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At the beginning of 2011, there wer
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Supervisory Board The task of the S
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Supervisory Board regarding the Sup
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Shareholders, General Meeting of Sh
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Compensation Report The first part
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1.6 Pension commitments Besides dir
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the compensation stated, the deputy
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Additional Information Financial Ca
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Summary of Quarterly Financial Data
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HVB Group 1 2011 2010 2009 2008 200
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Annex UniCredit Profile Highlights
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BRANCHES BY COUNTRY 2 Italy Germany
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Central and eastern europe UniCredi
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The UniCredit Strategic Plan Clear
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The paper used for this report has
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