Press Releases
NOTICE Regarding the payment of Interest Coupon no. 13 for bonds UCB24 issued by UniCredit Bank S.A.
UniCredit Bank SA inform about the payment of interest coupon no 13 related to issued bonds UCB24 in accordance of Issue Prospectus approved by Financial Supervisory Authority Decision No. 910/13.07.2017.
The payment will be made by UniCredit Bank S.A. – the payment agent – on 15th January 2024 to the bond holders of UCB24 bonds recorded in the Register of Bond Holders kept by Depozitarul Central S.A. at the registration date 19th December 2023.
The interest coupon is calculated in accordance with the provisions of paragraph 7 Interest of the Issue Prospectus.
The amount to be paid to investors will be calculated by applying the interest rate of the coupon to the invested amount (invested nominal value).
For the bond holders that at the Reference Date hold their instruments in accounts opened with the Participants of Central Depository’s clearing-settlement and registry system, the payment will be performed in RON through the Central Depository and through Participants.
For the bond holders not represented by the Participants of the Central Depository clearing-settlement and registry system, registered in Section I of the Central Depository, the payment will be performed by bank transfer in the RON accounts opened by the bond holders for whom the relevant payment details are specified in the Bond Holders Registry provided to UniCredit Bank S.A. by Central Depository S.A. If the relevant payment details are not provided by Central Depository S.A., the accounts specified in the subscription form or after the acquisition of the bonds will be utilized.
In order to apply the provisions of the double taxation treaties, the non-resident bond holders in Romania are required to submit, in original or in legalized copy, the tax residency certificate issued by the tax authorities of the country of residence, not later than 10th January , 2024.
The tax residency certificates shall be submitted at the following address:
UniCredit Bank SA – Tax Unit, 1F Expozitiei blvd, Bucharest, 012101, Romania.
Example for interest calculation:
Bond Nominal Value: 10,000 RON
Interest accordance with Issue Prospectus: 7.62% (ROBOR6 M + 1.05%)
Interest calculation period: 15-Jul-2023 – 15-Jan-2024 (184 days)
Interest Coupon as of 15.01.2024: 10,000 RON x 7.62% x 170 days / 365 days +10,000 RON x 7.62% x 14 days / 366
days = 384.05 RON
Bond Issue Details:
Issuing Entity Name: UNICREDIT BANK S.A.
Head Office Address: Blvd. Expozitiei nr. 1F, Bucuresti, 012101
Sole Fiscal Code: RO361536
Trade Register Registration Number: J40/7706/1991
Sharecapital Subscribed and Paid: 455.219.478,30 RON
UniCredit named Global Bank of The Year 2023 by The Banker
Bank also recognised as ‘Bank of the Year in Western Europe’, ‘Bank of the Year in Italy’ and ‘Bank of the Year in Bulgaria’, in resounding proof of ongoing transformation.
Milan, December 1, 2023 – UniCredit was hailed Global ‘Bank of the Year’ for 2023 at The Banker’s annual ceremony in London, in a first for the bank, as well as being named ‘Bank of the Year in Western Europe’, ‘Bank of the Year in Italy’ and ‘Bank of the Year in Bulgaria’.
Regarded amongst the leading industry standards for banking excellence, The Banker’s ‘Bank of the Year Awards’, evaluates the world's leading financial institutions, based on their ability to deliver returns, gain strategic advantage, and serve their markets.
The Banker, part of the Financial Times Group, provides economic and financial intelligence for the world's financial sector and has built a reputation for objective and insightful reporting since its inception in 1926.
Commenting on UniCredit’s standout performance, Joy Macknight, editor of The Banker, said: “UniCredit is an impressive turnaround story, delivering more than 200% increase in profits during the full year under review, reducing its cost base and achieving its best Q1 results ever in 2023. It is well on its way to deliver its ‘UniCredit Unlocked’ 2022-2024 Strategic Plan, exceeding its ambitions to date. The bank is in the second phase of its industrial transformation, having made significant investments in digital and data. Alongside revamping its IT architecture through API and cloud infrastructure, UniCredit is investing in digitising all its processes to improve the employee experience. Its ESG commitments are ahead of peers, particularly its efforts to strengthen its focus on social issues. Its landmark partnerships with Allianz and Azimut illustrate the bank’s foresight in providing excellent customer service and offerings”.
Over the last two years, since the launch of its UniCredit Unlocked strategic plan, UniCredit has relentlessly worked on its cultural and industrial transformation, streamlining its systems, increasing its digital and data capabilities, and embedding ESG principles in everything it does – in order to become a fundamentally better, stronger bank for the communities it serves.
Andrea Orcel, Group CEO and Head of Italy, UniCredit, said: “We are immensely proud of these achievements, which demonstrate the collective strength of our thirteen banks across Europe and how are keeping the client at the centre of everything we do. All of this has, of course, been made possible by our colleagues uniting behind our strategy and the culture of excellence we have fostered within our bank. We will continue to raise the bar on behalf of our clients and communities our path to be the bank for Europe’s future”.
Earlier this year, UniCredit has also been named Best Bank for Innovation in Digital Banking, Western Europe and Best Bank for Payments by The Banker as part of its Innovation in Digital Banking and Transaction Banking Awards programmes.
The new accolades are a significant recognition of the forward momentum of UniCredit’s ongoing transformation, already testified by this year’s Euromoney Awards for Excellence, when the bank was named Best Bank in Central & Eastern Europe, Best Bank and Best Investment Bank in Italy, and in other four countries where the bank is present.
UniCredit is a pan-European Commercial Bank with a unique service offering in Italy, Germany, Central and Eastern Europe. Our purpose is to empower communities to progress, delivering the best-in-class for all stakeholders, unlocking the potential of our clients and our people across Europe.
We serve over 15 million customers worldwide. They are at the heart of what we do in all our markets. UniCredit is organized in four core regions and two product factories, Corporate and Individual Solutions. This allows us to be close to our clients and use the scale of the entire Group for developing and offering the best products across all our markets.
Digitalization and our commitment to ESG principles are key enablers for our service. They help us deliver excellence to our stakeholders and creating a sustainable future for our clients, our communities and our people.
For further information, please contact: mediarelations@unicredit.eu
NOTICE Regarding the payment of Interest Coupon no. 1 for bonds UCB27 issued by UniCredit Bank S.A.
UniCredit Bank SA inform about the payment of interest coupon no 1 related to issued bonds UCB27 in accordance of Issue Prospectus approved by Financial Supervisory Authority Decision No. 1654/12.12.2022.
The payment will be made by UniCredit Bank S.A. – the payment agent – on 21st December 2023 to the bond holders of UCB27 bonds recorded in the Register of Bond Holders kept by Depozitarul Central S.A. at the registration date 28th November 2023.
The interest coupon is calculated in accordance with the provisions of paragraph 6 Interest of the Issue Prospectus (Terms and conditions).
The amount to be paid to investors will be calculated by applying the interest rate of the coupon to the invested amount (invested nominal value).
For the bond holders that at the Reference Date hold their instruments in accounts opened with the Participants of Central Depository’s clearing-settlement and registry system, the payment will be performed in RON through the Central Depository and through Participants.
For the bond holders not represented by the Participants of the Central Depository clearing-settlement and registry system, registered in Section I of the Central Depository, the payment will be performed by bank transfer in the RON accounts opened by the bond holders for whom the relevant payment details are specified in the Bond Holders Registry provided to UniCredit Bank S.A. by Central Depository S.A. If the relevant payment details are not provided by Central Depository S.A., the accounts specified in the subscription form or after the acquisition of the bonds will be utilized.
In order to apply the provisions of the double taxation treaties, the non-resident bond holders in Romania are required to submit, in original or in legalized copy, the tax residency certificate issued by the tax authorities of the country of residence, not later than 6th July , 2023.
The tax residency certificates shall be submitted at the following address: UniCredit Bank SA – Tax Unit, 1F Expozitiei blvd, Bucharest, 012101, Romania.
Example for interest calculation:
Bond Nominal Value: 50,000 RON
Interest accordance with Issue Prospectus: 9.07%
Interest calculation period: 21-Dec-2022 – 21-Dec-2023 (365 days)
Interest Coupon as of 15.07.2023: 500,000 RON x 9.07% = 45.350 RON
Bond Issue Details:
Issuing Entity Name: UNICREDIT BANK S.A.
Head Office Address: Blvd. Expozitiei nr. 1F, Bucuresti, 012101
Sole Fiscal Code: RO361536
Trade Register Registration Number: J40/7706/1991
Sharecapital Subscribed and Paid: 455.219.478,30 RON
UniCredit Bank - issuance of senior unsecured bonds in the amount of RON 480 million with a maturity of 5 years
24 November 2023
UniCredit Bank has successfully concluded a new issuance of senior unsecured corporate bonds in RON, carried out during the period 21 - 24 November 2023. Through the bond offering, the bank aimed to raise a total amount of RON 400 million. The offer was oversubscribed twice by the investors, so that the final amount allocated amounted to RON 480 million.
UniCredit Bank's RON corporate bond issuance is part of a wider programme and is targeted towards diversifying funding sources in order to increase access to finance for the bank's customers. The offer was successfully completed on the basis of subscriptions from qualified local institutional investors and international financial institutions.
Mihaela Lupu, CEO of UniCredit Bank: "This new bond issuance confirms that we are constantly concerned with the development of the local capital market, providing opportunities for investors and increasing access to finance for our clients. We are very grateful for the strong interest showed by our investors which reaffirms their confidence in our strategic direction and in our position as a strong organisation."
The bonds have a maturity of 5 years (November 24, 2028) and a fixed annual coupon of 7.82% and were issued under the Euro Medium Term Note Programme, following the terms of the base prospectus approved by the FSA on December 7, 2022 and completed through the First Supplement approved on November 7, 2023. The total amount issued underthe programme through two issuances (December 21, 2022 and November 24, 2023) thus reaches RON 968.5 million. The bonds will be listed on the Bucharest Stock Exchange.
The agent was Alpha Bank Romania S.A. and the law firm Clifford Chance Badea provided legal advice.
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About UniCredit Bank
UniCredit Bank is part of the UniCredit Group, a pan-European commercial bank with a unique service offering in Italy, Germany, Central and Eastern Europe. In Romania, UniCredit Bank is one of the leading financial institutions, offering high quality services and products to all categories of customers. UniCredit Bank aims to always keep the customer at the heart of its activities, to be an easy partner to work with and to be an active part of the communities in which it operates. The Group responds to a wide range of customer needs through a network of specialised partners: UniCredit Leasing Corporation, UniCredit Consumer Financing, UniCredit Services, UniCredit Insurance Broker.
For more information please contact:
UniCredit Bank, Identity and Communication Department
Anca Hașegan, anca.hasegan@unicredit.ro, 0723.653.072
Mihaela Lupu will be the new CEO and Chairman of the Board of Directors of UniCredit Bank in Romania
Mihaela Lupu, currently Chief Financial Officer for Central and Eastern Europe of UniCredit, will become the CEO and Chairman of the Board of Directors of UniCredit Bank in Romania as of 16th of October 2023. Her appointment is approved by the National Bank of Romania.
With a distinguished 25-year career in UniCredit, Mihaela Lupu started her professional journey in the Group in August 1998, in HVB Bank Romania S.A., in the position of Financial Analyst, becoming Coordinator of the Controlling Department in 2004. In 2007, Mihaela was promoted to the position of Head of Controlling Department in UniCredit Țiriac Bank, and in 2010 she was promoted to the position of Director of Planning and Control. The experience gained in these management positions and her leadership qualities recommended her for appointment as CFO of UniCredit Bank in 2013. Since 2017, Mihaela Lupu has taken on a new challenge within the Group, successively assuming the position of Head of Group Planning, Capital Management & Strategic ALM and, from 2021 until now, the role of CFO Central and Eastern Europe (CE&EE).
Among the responsibilities she has successfully taken during her career so far are also her participation in the due diligence team for the merger with Banca Comerciala Ion Țiriac, followed by the merger between UniCredit and HVB Țiriac, as well as being part of the team that coordinated the acquisition of the retail and corporate portfolios from RBS.
Mihaela Lupu holds a degree in economics from the Academy of Economic Sciences in Bucharest. She is also a Certified Anti-Money Laundering Specialist (CAMS).
Teodora Petkova, Head of Central and Eastern Europe of UniCredit, commented: “Mihaela's appointment as the CEO of UniCredit Bank in Romania reflects her remarkable qualifications and contributions within our organization. Her data driven approach to decision making, her strategic thinking, strong risk management capabilities combined with sound business acumen positions her to drive the growth and stability of the bank and empower the development and continued success of our clients and our colleagues in Romania.”
"It is an honour and a joy to return to UniCredit Bank in Romania, to be together with the team I was part of and with which I grew up for so many years during my professional life. At the same time, I feel a great responsibility. Together with the colleagues of UniCredit, I will continue the Bank's commitment to be a partner of the communities in which we operate, a deeply involved player in the Romanian economy and one of the Group's growth engines. Our mission is and will always be to be better, to offer products and services tailored to the needs of our customers and to be the bank for the future of Europe and Romania" said Mihaela Lupu.
UniCredit supports Hidroelectrica in landmark IPO, largest share sale in Romanian history
UniCredit has acted as Joint Bookrunner in the context of Hidroelectrica’s IPO on Bucharest Stock Exchange, the largest IPO in Europe in 2023 YTD and the largest ever ECM deal in Romania.
Hidroelectrica is among the largest hydro players in Europe and one of the region’s biggest renewable energy companies, leveraging also on additional onshore wind capacity. The company generates 100% green electricity with a close to zero carbon footprint; it is the foremost generation platform in Romania with a critical role in energy supply and energy transition.
The Hidroelectrica IPO represents a landmark transaction, being the largest privatization in the last ten years in Central & Eastern Europe, with the company valued at over 54.3 billion lei.
“This deal confirms our unrivalled expertise in both European equity capital markets and the renewable energy sector across our core countries, simultaneously reinforcing our reputation in the region as a reliable partner that both leads with content and delivers strong distribution capabilities.” said Raluca Popescu, Corporate Executive Vice President UniCredit Bank Romania.
With an over subscription of 476% on the retail tranche and another fully covered by institutional investors since early in the process, Hidroelectrica's listing on the Bucharest Stock Exchange exceeded all expectations. The company entered trading on the BSE on Wednesday, July 12, 2023.
NOTICE Regarding the payment of Interest Coupon no. 12 for bonds UCB24 issued by UniCredit Bank S.A
UniCredit Bank SA inform about the payment of interest coupon no 12 related to issued bonds UCB24 in accordance of Issue Prospectus approved by Financial Supervisory Authority Decision No. 910/13.07.2017.
The payment will be made by UniCredit Bank S.A. – the payment agent – on 15th July 2023 to the bond holders of UCB24 bonds recorded in the Register of Bond Holders kept by Depozitarul Central S.A. at the registration date 26th June 2023.
The interest coupon is calculated in accordance with the provisions of paragraph 7 Interest of the Issue Prospectus.
The amount to be paid to investors will be calculated by applying the interest rate of the coupon to the invested amount (invested nominal value).
For the bond holders that at the Reference Date hold their instruments in accounts opened with the Participants of Central Depository’s clearing-settlement and registry system, the payment will be performed in RON through the Central Depository and through Participants.
For the bond holders not represented by the Participants of the Central Depository clearing-settlement and registry system, registered in Section I of the Central Depository, the payment will be performed by bank transfer in the RON accounts opened by the bond holders for whom the relevant payment details are specified in the Bond Holders Registry provided to UniCredit Bank S.A. by Central Depository S.A. If the relevant payment details are not provided by Central Depository S.A., the accounts specified in the subscription form or after the acquisition of the bonds will be utilized.
In order to apply the provisions of the double taxation treaties, the non-resident bond holders in Romania are required to submit, in original or in legalized copy, the tax residency certificate issued by the tax authorities of the country of residence, not later than 6th July , 2023.
The tax residency certificates shall be submitted at the following address: UniCredit Bank SA – Tax Unit, 1F Expozitiei blvd, Bucharest, 012101, Romania.
Example for interest calculation:
Bond Nominal Value: 10,000 RON
Interest accordance with Issue Prospectus: 8.76% (ROBOR6M + 1,05%)
Interest calculation period: 15-Jan-2023 – 15-Jul-2023 (181 days)
Interest Coupon as of 15.07.2023: 10,000 RON x 8.76% x 181 days / 365 days = 434.40 RON
Bond Issue Details:
Issuing Entity Name: UNICREDIT BANK S.A.
Head Office Address: Blvd. Expozitiei nr. 1F, Bucuresti, 012101
Sole Fiscal Code: RO361536
Trade Register Registration Number: J40/7706/1991
Sharecapital Subscribed and Paid: 455.219.478,30 RON
CEE Quarterly: Faster growth faces external headwinds
3 july 2023
UniCredit economists expect the economies in EU-CEE[1] and the Western Balkans to grow by around 1.6% in 2023 and 3.1% in 2024. Romania is foreseen to outperform, while Czechia and Hungary to lag.
In the latest CEE Quarterly “Faster growth faces external headwinds” UniCredit Research highlights a soft patch in Europe, the US and China as the main risk to economic growth in CEE, which could postpone the rebound in capital expenditure, exports and consumer demand to late 2023 or 2024.
At the same time, domestic demand could strengthen further, as wage growth will outpace inflation from 2H23 onwards and financial conditions will ease in 2024. “CEE governments are reluctant to withdraw fiscal support for households, which will trigger the excessive deficit procedure (EDP) in 2024.”, states the CEE Quarterly. UniCredit economists also add that they expect small transfers from the Recovery and Resilience Facility in 2023.
The inflation forecasts for the end of 2023 range between 6% and 9%, except in Turkey. Next year, UniCredit economists forecast slower disinflation. “Inflation targets are likely to be missed because of higher energy prices and demand pressure on prices amid the 2023 fiscal stimulus and real wage growth. Russia and Serbia could be the exceptions.”,comments Dan Bucsa, UniCredit’s Chief Economist for Central and Eastern Europe. All CEE central banks are expected to cut rates in 2024 below 6% in Central Europe and Serbia, to 7% in Russia and 20% in Turkey.
Among the main risks outlined in the CEE Quarterly are above-target inflation in the medium term; a recession in the eurozone and the US, and weaker growth in China weighing on economic growth in CEE; the impact of the Russia-Ukraine war on tourism on the Black Sea coast; and nationalism and Euroscepticism permeating economic policies.
UniCredit Research - CEE Quarterly
Milan, June 30, 2023
Contacts:
Media Relations: e-mail:MediaRelations@unicredit.eu;
Investor Relations: e-mail:InvestorRelations@unicredit.eu
*EU-CEE refers to CEE countries that are members of the EU: Bulgaria, Croatia, Czechia, Hungary, Poland, Romania, Slovakia and Slovenia.
