The Agreement covers UniCredit’s footprint in Italy, Germany, Central and Eastern Europe and appropriately recognizes both partners’ contribution to the value that is being created.
The Agreement encompasses joint investments (including training and pre-marketing) aimed at seamlessly integrating and accelerating the digitalization of our processes. It will also pave the way for a cooperation between the two groups in the insure-banking business, allowing UniCredit to offer its best-in-class banking products to customers on Allianz’s open platform in Germany, Italy and other jurisdictions.
In Italy, Germany, and Central and Eastern Europe, Unicredit Group serves over 15 million clients; the Allianz Group serves over 30 million clients.
Two implementing agreements will be signed to amend and supplement the current arrangements in Italy and in Germany.