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New UniCredit Bank starts operations in Czech Republic

The HVB Bank and Zivnostenska banka in the Czech Republic have merged into UniCredit Bank.

A board of directors including Jiri Kunert, David Grund, Ales Barabas and Peter Koerner, will lead the bank in future. The integration process of HVB Bank and Zivnostenska banka led to the formation of a major bank with E9.7 billion total assets and more than 70 branches, where around 600.000 clients are served. UniCredit Bank’s retail banking services offers mortgage loans, investment products and credit cards.