GENERAL MEETING DRAFT - Bankier.pl

capital of Bank Austria Aktiengesellschaft & Co EDV Leasing OHG (a company that owns
IT hardware assets in Austria used in leasing by UGIS), to which BA itself had in turn
made a cash contribution of approximately €16.1 million.
Following the above transaction, which took effect on May 1, 2009, UniCredit Bank AG and BA became
shareholders of UGIS with stakes of 24.72% and 10.02% respectively, while the parent company retains
a 65.26% stake.
On the same date, HVB IS and WAVE were split off and their respective activities were concentrated at
the UGIS branch offices in Munich and Vienna. Subsequently, UGIS also acquired direct control of Bank
Austria Aktiengesellschaft & Co EDV Leasing OHG, formerly held by WAVE.
Moreover, in order to fully effect the rationalization of the ICT activities of the former Capitalia, the merger
by incorporation into UGIS of its own wholly-owned subsidiary Kyneste S.p.A. was brought to completion,
also effective May 1, 2009, before carrying out the aforementioned integration of the ICT activities of
UniCredit Bank AG and BA.
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On January 1, 2009, in order to ensure optimal management and coordination of the medium/long-term
individual home mortgage and consumer loan "production" activities, UniCredit Consumer Financing
("UCFin") integrated UniCredit Banca per la Casa ("UBCasa"), a wholly owned subsidiary already
specializing in the "residential mortgage" business, directly from UniCredit through a merger by
incorporation as UCFin, constituting the pan-European competence center within the Group for the area
of family financing.
The combination is consistent with the new integrated management model for the mortgage and
consumer loan businesses; this model was launched with the creation of a “household financing
department” at the parent company.
This approach will encourage the cross-selling of the products concerned and would make it possible to
achieve operating synergies, especially in governance functions, as well as greater efficiency than the
previous organizational/distribution model with the consequent rationalization of cost structures and
simplification of corporate structures.
Since April 1, 2009, UCFin has therefore taken the new name of “UniCredit Family Financing Bank” to
better represent the full range of its offering to the market and to strengthen its internal identity.
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In order to give effect to the integration of the activities of granting salary guaranteed loans and pensions
with delegation of payment, currently carried out both by UCFin and by its wholly-owned subsidiary
Family Credit Network (formerly Fineco Prestiti), and to enable better management of risks and pursuit of
cost synergies, the partial split-off to UCFin of the "salary guaranteed loans" business line of Family
Credit Network was brought to completion on November 9, 2009. This business line is substantially
represented by the assets, liabilities, resources, rights, obligations and, in general, all the subjective
situations of a substantive nature involved in the investigation, disbursement and management of salary
guaranteed loans and pensions with delegation of payment.
2009 CONSOLIDATED REPORTS AND ACCOUNTS
112