HypoVereinsbank

Stand-alone bank In 1998, Bayerische Hypotheken- und Wechsel-Bank (also known as Hypo-Bank) and Bayerische Vereinsbank merged to form Bayerische Hypo- und Vereinsbank Aktiengesellschaft, also known as HypoVereinsbank or HVB. The merger was conceived as a defensive move favored by the Bavarian authorities, against the prospect of a hostile takeover of Bayerische Vereinsbank by Deutsche Bank which had been rumored since 1996. The new heavyweight expanded its network into Central and Eastern Europe. During the period from 2000 to 2002, HVB completed the integration of Vienna-based Bank Austria Creditanstalt (BA-CA) and created HVB Group. Within that Group, BA-CA was responsible for the CEE countries, and bought, amongst others, the Bulgarian bank Biochim, the Serbian Eksimbanka and the Romanian Banca Comerciala Ion Țiriac. However, the 1998 merger soon turned into a financial debacle. During the subsequent period, the special representative lodged complaints that his work was being obstructed. On 15 September 2008, the squeeze-out adopted by the Shareholders Meeting in June 2007 was entered into the commercial register at the Register of Companies in Munich. As such, all remaining HVB shares were transferred to UniCredit by force of law, and the listing on the stock exchanges was discontinued. In April 2008, HVB aligned its brand with that of UniCredit Group. The name HypoVereinsbank was retained; however, the previous blue logo was replaced by black lettering preceded by the red UniCredit logo. In a second step, the German parent entity Bayerische Hypo- und Vereinsbank Aktiengesellschaft was renamed UniCredit Bank AG on 15 December 2008 (amongst other reasons, due to a perceived risk of confusion with the troubled Hypo Real Estate), without that affecting the HVB branding strategy. In August 2014, the company announced the sale of the DAB direct banking subsidiary. BNP Paribas paid €354 million for the 81.4% share in DAB held by HVB. HypoVereinsbank sold its interest in PlanetHome AG in June 2015. The transfer of the equities was completed on 16 June 2015. Financial investors AP Capital Investments and Deutsche Invest Equity Partners purchased PlanetHome AG and its subsidiaries. Cooperation with PlanetHome shall remain unaffected by the sale of the equities. Since 2016, former subsidiary UniCredit Bank Serbia (formerly HVB Banka Srbija), UniCredit Bank Slovenia (formerly Bank Austria Creditanstalt d.d. Ljubljana), UniCredit Bank Czech Republic and Slovakia (formerly HVB Bank Czech Republic) were directly under UniCredit S.p.A., the parent company of HypoVereinsbank. == Operations ==

HVB is a member of the Cash Group. As a mixed mortgage bank, it performs banking operations as a universal bank within the meaning of the Mortgage Banking Act and, as a mortgage bank, is also authorised to issue pfandbriefs. Subsidiaries Important subsidiaries of UniCredit Bank GmbH are: • Bankhaus Neelmeyer AG, Bremen (private sector bank) • Unicredit Direct Services GmbH, Munich (Call centre) • HVB Immobilien AG, Munich (Real estate management) • Unicredit Leasing GmbH, Hamburg (Leasing company) • HVB Profil Gesellschaft für Personalmanagement mbH, Munich (Temping agency) • Wealth Management Capital Holding GmbH Cultural commitment HypoVereinsbank is a member of the Association of Arts and Culture of the German Economy at the Federation of German Industries, and is both initiator and promoter of numerous cultural projects and institutions. Its cultural commitment extends from the work of the Hypo Cultural Foundation, with the in Munich, right through to the sponsorship of music festivals and international competitions (e.g. Bayreuther Festspiele, Rheingau Musik Festival, Bachfest Leipzig, Richard-Strauss-Festival and the singing competition Competizione dell'Opera). For more than 30 years, the bank has been supporting young artists with its own cultural promotion programme, Jugend kulturell. This includes a series of events throughout Germany, exhibitions in the various genres of the Fine Arts and an annual competition for the Jugend kulturell Award. Furthermore, HVB hosts the UniCredit Festival Night in Munich's city centre. The annual kick-off event of the Munich Opera Festival presents performances from the world of opera, concert, dance, songs and literature. The UniCredit Festival Night is organised in cooperation with the Bavarian State Opera. The HypoVereinsbank Art Collection also plays an important role in the bank's promotion of culture. At present, it comprises over 20,000 artworks, ranging from antiquity right down to the present day, which are distributed among 600 branch offices around the world. The Collection focuses on older masterpieces (e.g. Leandro Bassano and François Boucher); classical, modern and contemporary art (e.g. Kurt Schwitters, Georg Baselitz and Gerhard Richter), light art (e.g. Dan Flavin) and photography (e.g. Henri Cartier-Bresson). == Controversy ==

Gustl Mollath case In the context of the judicial scandal involving Gustl Mollath, UniCredit is named as the legal successor of HypoVereinsbank, which failed to forward an internal audit report on customers' capital transfer to Switzerland to the public prosecutor. Financing of "junk properties" From the 1990s, HypoVereinsbank put junk properties throughout Germany on the market and helped the buyers with the financing. The true value of the properties was concealed, while the estate agents were trained and remunerated accordingly. In one case, the aggrieved parties took their case to the Federal Court of Justice of Germany, which ruled that the bank was liable for the agent's transaction. == Leadership ==

• 1998-2002: • 2003-2005: • 2006-2008: Wolfgang Sprißler • 2009-2017: Theodor Weimer • 2018-2023: • Since 2023: Marion Höllinger == See also ==