Leaner organization, faster decision making, closer proximity to customers

UniCredit Board of Directors today approved a project aimed at putting in place a new organizational set-up.

The project, in line with the objectives of UniCredit Strategic Plan announced in November 2011, will create better capability to respond to client needs with a leaner organization, faster decision-making processes and improved operational efficiency.

The Holding’s role will be reinforced through strengthened control systems and tighter management of global processes, while country-level legal entities will gain additional responsibilities.

Activities and processes will be simplified both at global and local level, thus allowing for faster decision making processes and maximizing Group synergies. At country and regional level, local entities will have more tools at their disposal to manage commercial banking.

The project is expected to be completed by the end of 2012, at which time the UniCredit Board of Directors will be asked to approve the new organizational set-up that is scheduled to become fully operational by mid-January 2013. In the meantime the current organizational structure will remain in place until the end of the year.

More information for media:

UniCredit Bulbank, Identity & Communications Department

Viktoria Blajeva, Phone: + 359 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch

Magdalena Ivanova, Phone: + 359 2 9232 528, nbhebmfob/jwbopwbAvojdsfejuhspvq/ch