57
The Markets & Investment Banking (MIB) business segment of Bank Austria Creditanstalt emerged from the former International Markets (INM) business segment, to which financing and loan syndication units and CA IB Corporate Finance Beratungs Ges.m.b.H. were added at the beginning of 2007. MIB is integrated in UniCredit Group’s Markets & Investment Banking Division which combines trading, sales and structuring activities across all product classes of international financial markets as well as investment banking activities.
This enables us to further broaden and deepen the range of products and services offered to our customers. The various units and locations are to benefit from each other in terms of know-how sharing, placement power and market presence, and this will ultimately benefit customers – backed by the strength of a large international bank with an extensive network and strong roots in Central and Eastern Europe. Within BA-CA and its CEE network, the Markets & Investment Banking Division has Group-wide functional responsibility, with profits generated at banking subsidiaries in this business segment being allocated to the CEE Division.
Management of the MIB Division is divided into four areas reflecting the global organisational structure: Markets (trading, structuring and distribution), Investment Banking (structured finance, syndications, project finance, strategic corporate advisory, and origination), the COO area (operations and support functions) and Market & Credit Risk.
In 2006, the Divison introduced its new global structure. Close cooperation within UniCredit Markets & Investment Banking produced an excellent performance in the very first year despite massive structural changes.
With the introduction of the new divisional structure for BA-CA’s business segments, various product competencies were transferred from the Corporates Division to the MIB Division at the beginning of 2007 as described above.
Moreover the BA-CA units and subsidiaries which form part of the MIB Division are to be integrated more closely in order to offer customers top-quality services and high efficiency based on the global structure.
UniCredit MIB Division
| Download table (.xls) |
|
Employees (full-time equivalent) |
3,210 |
|
Total revenues |
€ 3,192 m |
|
Profit before tax |
€ 1,602 m |
|
Return on equity before tax |
46 % |
BA-CA Division MIB (year-end 2006)
| Download table (.xls) |
|
Employees (full-time equivalent) |
469 |
|
Total revenues |
€ 402 m |
|
Profit before tax |
€ 207 m |
|
Return on equity before tax |
66 % |