Editorial & Advertiser Disclosure Global Banking And Finance Review is an independent publisher which offers News, information, Analysis, Opinion, Press Releases, Reviews, Research reports covering various economies, industries, products, services and companies. The content available on globalbankingandfinance.com is sourced by a mixture of different methods which is not limited to content produced and supplied by various staff writers, journalists, freelancers, individuals, organizations, companies, PR agencies Sponsored Posts etc. The information available on this website is purely for educational and informational purposes only. We cannot guarantee the accuracy or applicability of any of the information provided at globalbankingandfinance.com with respect to your individual or personal circumstances. Please seek professional advice from a qualified professional before making any financial decisions. Globalbankingandfinance.com also links to various third party websites and we cannot guarantee the accuracy or applicability of the information provided by third party websites. Links from various articles on our site to third party websites are a mixture of non-sponsored links and sponsored links. Only a very small fraction of the links which point to external websites are affiliate links. Some of the links which you may click on our website may link to various products and services from our partners who may compensate us if you buy a service or product or fill a form or install an app. This will not incur additional cost to you. A very few articles on our website are sponsored posts or paid advertorials. These are marked as sponsored posts at the bottom of each post. For avoidance of any doubts and to make it easier for you to differentiate sponsored or non-sponsored articles or links, you may consider all articles on our site or all links to external websites as sponsored . Please note that some of the services or products which we talk about carry a high level of risk and may not be suitable for everyone. These may be complex services or products and we request the readers to consider this purely from an educational standpoint. The information provided on this website is general in nature. Global Banking & Finance Review expressly disclaims any liability without any limitation which may arise directly or indirectly from the use of such information.

UNICREDIT OPENS FOR BUSINESS IN SPAIN

  • Spain becomes a strategic market for UniCredit
  • UniCredit aims to be a leader in corporate and investment banking between Spain and the bank’s main markets – Italy, Germany, Austria, and Central and Eastern Europe
  • Bank wants to contribute to Spanish companies’ growth
  • Spain’s exports to Germany, Italy, Austria and Central and Eastern Europe accounted for EUR 77 bn in 2015, 30% of total Spanish exports
  • UniCredit has a competitive and flexible structure in Spain, adaptable to changing conditions of banking sector

UniCredit today announced the launch of its country office in Spain. The leading European banking group will thus reinforce its presence in the continent, where it is the second largest corporate lender.

Federico Ghizzoni, CEO of UniCredit, said: “As a leading European bank, we are happy to open a new hub in Spain, one of the leading, fastest growing European economies whose ties with the rest of the continent are significant. We aim to be a leader in corporate and investment banking between Spain and our main, well-established markets in Europe, Italy, Germany, Austria, Poland and Central and Eastern Europe. We believe that our international footprint and cross-border capabilities will be a perfect match for Spanish companies willing to expand abroad.

UniCredit Spain’s CEO Pedro Fernández de Santaella said “UniCredit will offer our clients in Spain a very strong international capital market platform, the best network in some European countries like Germany, Italy and Austria, and the largest bank in Central and Eastern Europe.”

Fernández de Santaella said that “the bank is well positioned to benefit from traditionally strong commercial ties between Spain, Italy and Germany and the growing trade flows between Spain and the Eastern European countries. Spanish companies’ investment growth has increased in the last few years, especially in non-traditional markets, such as in the Central and Eastern European countries”.

Spain’s exports to Germany, Italy, Austria and Central and Eastern Europe accounted for EUR 77 bn in 2015, which represents around 30% of total Spanish exports. Exports growth to these countries has also been significant, with two digits raise in the case of Poland (22%) and the Czech Republic (17%).

UniCredit is already supporting a number of Spanish companies and, thanks to the opening of its branch in Spain, it plans to “increase that support significantly during the next few years”, according to Pedro Fernández de Santaella.

60 large clients in Spain

UniCredit in Spain will focus on around 60 clients: large corporates, financial institutions and private equity firms.

According to Fernández de Santaella, one of UniCredit’s strengths is its strong capital market platform – bonds issuance and syndicated loans – and its access to a broad investor network in the countries that hold the greatest pool of savings in Europe, which are Germany, Italy, Austria and the United Kingdom. UniCredit Spain has the capacity to offer these services to Spanish companies.

Within the corporate and investment banking division, UniCredit offers Spanish companies various global transaction banking services, such as cash management, payments, securities services, guarantees, and trade finance in all countries in Central and Eastern Europe due to a network of more than 500 European regional banks.

UniCredit is also strong in credit research, with a team of analysts that covers more than 200 corporate bond issuers.

UniCredit is currently, and for the first time, number one in both syndicated loans and Euro denominated bonds for corporates in its core markets of Italy, Germany and Austria. It is the leader in the Italian M&A league table, for the first time, and closed the year in the first position in Europe in acquisition financing to private equity sponsors by number of deals.