HypoVereinsbank - The First Truly European Bank

As a member of UniCredit, HypoVereinsbank (HVB) is a leading provider of banking and financial services in the heart of Europe. Measured in terms of our consolidated assets of €508bn, HVB is one of the third largest banks in Germany. At the same time, we are the number-one in Austria, number-two in Italy and the market leader in the growth region of Central and Eastern Europe.

UniCredit Group maintains a presence with its network of more than 7,200 branches in 20 European countries with primary focus on Central and Eastern Europe (CEE) with number-one franchise, twice the size of our nearest competitor in terms of total assets.

The new group will leverage its first-mover advantage in the European market and will benefit from the significant diversification of its revenue streams, both geographically and in terms of business activities. It will also exploit the complementary strengths of different companies and critical mass in scale-driven business areas.

We will share best practice and product innovation around the group to improve the quality and service standards to our customers, while retaining the best of local knowledge, constant and sustainable quality of advisory services / products and by our proximity to regional markets and well-known established brands.

Providing a first quality service to our customers in all the markets where we operate and maintaining a local touch is our way of building sustainable value in the long term.

CASH MANAGEMENT AND E-BANKING

HVB has gained a remarkable reputation as a provider of cash management and e-banking solutions. With an individual approach to our customers' requirements, our cash management specialists take the complete financial value chain into consideration.

Starting with a profound analysis of processing and cash-flow management, then moving to day-to-day electronic banking and finally finding best effort solutions for managing group-wide European liquidity positions and assets, we seek to find ways of improving our customers' current cash management activities or to service their specific demands to their utmost satisfaction.

Focused on the European and CEE market, the area of cash management and e-banking is one of the core business activities of UniCredit, bringing together the various countries where the group is present and taking into account new technical and political developments such as SEPA.

WEB-BASED INTRA-DAY CASH DISPOSITIONS

Our cash management products offer web-based, state-of-the-art technology, simple in use and with secure access and processing, thus enabling our customers to implement group-wide compilation of account information and centralized execution of wire transfers and inter-company payments throughout Europe.

HIGH DEGREE OF AUTOMATION

We consider ourselves to be the leading transaction bank in Germany in terms of innovative technology and service. Customers can send bulk payments via our electronic banking tool 'HVB globalTRX' with more than two million single transactions in one file within ten minutes via secure internet technology.

SWIFTNET CORPORATE ACCESS

We run a large no. of corporate connected to UniCredit via SWIFTNet technology. With a large variety of formats in files and payments we consider ourselves as market leader in this technology.

EUROPEAN GATE

One single electronic access allows any corporate to access UniCredit usually reusing already existing eBanking software. Via a single gate any UniCredit member banks can be accessed in order to send payment instructions and/or receive account information.

INNOVATIVE CASH MANAGEMENT PRODUCTS

Further examples which prove HVB's excellence in international cash management services:

• European-wide zero balancing cross-border and cross-bank; zero balancing within the group and with third banks (outside UniCredit); interest enhancement (notional pooling) for non-Euro currencies
• Flash Payments: value dating D+1 guaranteed for all transfers within UniCredit
• First bank in Germany with SWIFT MA-CUG live processing (we are operational since mid-2005 with SWIFTNet FileAct service for bulk and high-priority payments)
• First bank with multi-bank and internet-based electronic banking solutions in Germany