Together with Banca Intesa San Paolo and MPS (Monte dei Paschi di Siena), the group Unicredit it is one of the most important in our country, but it is also one of the most “problematic” because it has suffered from various types of problems over the last few decades.
But what is the current situation of Unicredit, which turns out to be the second bank in terms of influence and diffusion in our country?
Development and expansion
The Unicredit group was formally born in 1998 with the name of Italian Unicredito from the merger of Italian credit e Unicredito. The reputation of international banking group was born almost immediately, starting from the early 2000s: it began to collaborate with European governments such as the German and Polish ones for an ever greater presence, then with a view to an expansion in our country in 2007 the merger as Capitalia was formalized .
In 2008, following the problematic global economic crisis, Unicredit managed to remain “independent” from direct state aid (unlike what happened for MPS eg).
“Unicredit risks bankruptcy”: what is happening? Here is the answer
Within a decade, Unicredit had to resort to numerous capitalisations to “remain standing” and following the resignation of Alessandro Profumo, CEO and former president of Monte dei Paschi di Sienathe group was reorganized, and spun off or divested certain properties such as Fineco and Mediobanca.
Unicredit has been “in profit” for some years even if the current situation, which also involves other large banking groups, also gives rise to doubts regarding the stability of Unicredit. The failure hypothesis appears, at least in the short-medium period averted.
In the last few days, the Unicredit Group has announced the successful merger by incorporation of Cordusio SIM into UniCredit, while on the other hand the group is progressively reducing the number of branches, both its own and those belonging to banking groups controlled by Unicredit itself.
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