With effect from 1 December 2013 UniCredit Bank Slovakia a. s. will merge with UniCredit Bank Czech Republic, a. s. As a result of the merger, UniCredit Bank Slovakia a. s. will cease to exist through merger without liquidation and UniCredit Bank Czech Republic, a.s. will become the successor company. After the merger UniCredit Bank Czech Republic, a. s. as foreign bank and foreign broker will perform banking activities on the territory of the Slovak Republic, including investment services, secondary services and investments through a branch office of foreign bank under the new business name UniCredit Bank Czech Republic and Slovakia, a. s. Please find in what follows an overview of the most important aspects of the merger.
Bank Name Change
As of 1 December 2013 the bank's new business name will be UniCredit Bank Czech Republic and Slovakia, a.s. The activities on the Slovak market will be conducted under the name UniCredit Bank Czech Republic and Slovakia, a.s., pobočka zahraničnej banky.
UniCredit Bank Czech Republic and Slovakia, a.s. will be a majority-owned subsidiary of UniCredit Bank Austria AG. In Slovakia the operations will be performed through a foreign branch of UniCredit Bank Czech Republic and Slovakia, a.s.
The registered and the mailing address of the foreign branch will remain Šancová 1/A, 813 33 Bratislava, Slovakia.
The email addresses of all employees based in Slovakia will not change and will remain email@example.com
The telephone and the fax contact numbers of the employees in Slovakia will not change.
The Slovakian branch's website will remain www.unicreditbank.sk
The current SWIFT BIC of UniCredit Bank Slovakia a.s., UNCRSKBX, will not change and will remain the sole active SWIFT BIC for the foreign branch in Slovakia.
Organisational Changes at UniCredit Global Securities Services
At present Zuzana Milanová, Head of Global Securities Services (GSS) Slovakia reports to Júlia Romhányi, Regional Head within UniCredit GSS while at local level the Head of GSS Slovakia reports to the Head of Global Transaction Banking (GTB) Slovakia.
From the date of the merger the reporting line will change and Zuzana will report to Michal Stuchlík, Head of GSS Czech Republic, who in his turn reports to Tomasz Grajewski, Global Head of UniCredit GSS and to Tomáš Hron, Head of GTB Czech Republic. In Slovakia Global Transaction Banking will merge into the GTB structure of UniCredit Czech Republic.
GSS Slovakia Team
There will be no changes to the team of GSS Slovakia. All eight members of the team will remain located in Bratislava. The relationships with our GSS clients will continue to be managed by Zuzana Milanová, Head of GSS Slovakia and Rastislav Rajninec, Relationship Manager in GSS Slovakia.
Securities Services in Slovakia
UniCredit Bank Czech Republic and Slovakia, a.s., by means of a foreign bank branch, will perform its activities in the Slovak Republic on the basis of the banking license it has been granted in the Czech Republic, a member state of the European Union.
The existing contractual relationships with all clients in the Czech Republic and in Slovakia will be retained and automatically novated. No further client action will be required.
Participation in Slovak Market Institutions
UniCredit Bank Czech Republic has already been granted membership to the Central Securities Depository of the Slovak Republic (CDCP) and the Bratislava Stock Exchange. On the date of merger UniCredit Bank Slovakia a.s. member database in CDCP will be automatically transferred to UniCredit Bank Czech Republic and Slovakia, a.s. There will be no change in client securities account numbers neither in the cash account numbers.
Investor Protection Schemes
The participation of UniCredit Bank Slovakia a.s. in the system of customer property protection according to the Slovak Act on Securities will cease to exist as a result of the merger. The property of all customers of the successor company, i.e. including the customers of the former UniCredit Bank Slovakia a.s., will then be protected according to the conditions of the Czech legislation, namely according to the Act on Capital Market Undertakings.
The foreign bank branch in Slovakia of UniCredit Bank Czech Republic and Slovakia, a.s. will participate in the deposit protection scheme of the Czech Republic according to the Czech Act on Banks.
Impact on investors: The cross-border merger will not impact the provision of securities services by UniCredit in the Slovak Republic. There will be no change in legal arrangements, client static data, daily operational processes as well as in the relationship management contacts in GSS Slovakia. The new bank will provide the best products and services available on both markets and we expect an increase in their quality as a result of using our "best of" know-how from both countries to the benefit of the new bank.