GENERAL MEETING DRAFT - Bankier.pl

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Within the Group, Markets acts as a competence center for all activities related to financial markets and is
also the channel that gives UniCredit preferential access to markets.
Its current organizational structure reflects the repositioning process started in the second half of 2007,
and later strengthened in 2008, with an emphasis on the following principles: focus on core customers
and products, and the rationalization, optimization and improved efficiency of non-core activities.
The underlying goal of the repositioning was to strengthen Markets as one of the main European regional
specialists by leveraging the broad customer base in the countries where the Group operates.
The main businesses of Markets can be broken down as follows:
� Rates, to execute transactions involving interest rates products (i.e., bonds, derivatives and fixedincome
structured solutions); this business area also includes money market transactions and
treasury operations for Group companies;
� Capital Markets, which is in turn broken down into following businesses:
o Equity Capital Markets (ECM), which originates, structures and executes transactions for
customers in relation to the primary segment of stock markets;
o Debt Capital Markets (DCM), which originates, structures, executes and participates in
customers' syndication and debt financing transactions in capital markets;
o Structured Capital Markets, which originates and structures innovative transactions linked to
capital markets to meet specific customer needs;
o Capital Market Solutions, which is dedicated to providing highly customized solutions to meet
specific customer needs, which are primarily related to accounting balance sheet and rating
optimization issues.
� Equities, which is mainly dedicated to the negotiation, structuring, sale and dynamic risk management
of products related to equity markets for the Group's customers and for outside counterparties (e.g.,
financial institutions, funds, etc.);
� Forex Exchange (FX), which specializes in cash (spot and forward) and derivative (swaps and
options) foreign currency products for transactions of its customers and for the foreign currency
component of the Group's funding areas;
� Credit-Related Business which includes the following businesses:
o Credit Markets, which typically handles the pricing and negotiation of products related to the
credit market including credit default swaps and structured lending products involving companies
or financial institutions with high creditworthiness;
o Illiquids and Special Assets, which manages the Group's problem assets (from the lending
standpoint), which, due to their unique nature, fall outside traditional loan recovery channels,
and in relation to which access to capital markets is required.
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CIB is one of the largest operators in the Global Transaction Banking sector in terms of revenues
generated in continental Europe. By combining in-depth domestic market expertise with the experience of
an international bank in all aspects of transaction banking, the GTB Product Line offers a complete set of
products and services in the areas of payments and eBanking, trade finance, the financial management of
procurement, export finance, and custodian bank services in Central and Eastern Europe.
Starting January 1, 2010, with the organizational model recently approved within the UniCredit Group,
activities related to the management of demand deposits and account maintenance also fell under the
responsibility of GTB.
2009 CONSOLIDATED REPORT AND ACCOUNTS
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