Munich is one of the financial centres with the richest tradition in Germany. HypoVereinsbank lies at the very heart of the banking centre of Munich. In 2005, HypoVereinsbank became a member of the European banking group UniCredit. It has grown to become one of the largest private-sector banks in Germany, with a long and eventful history; it all began in Prannerstrasse 5 in Munich.
On 11 April 1869, court bankers, members of the nobility and common merchants from Munich and Augsburg founded Bayerische Vereinsbank. Many mergers and takeovers were to follow. The Vereinsbank – as it was commonly known – took over older institutes, for example Bayerische Staatsbank, which was founded in 1780 or Bayerische Hypotheken- und Wechselbank, founded in 1835. The Hamburg-based Vereins- und Westbank represents yet another branch of the family tree. The Bank can look back on 235 years' experience in the banking business.
Following the merger with Hypo-Bank in 1998, the Vereinsbank changed its brand name to HypoVereinsbank.
On hand during the industrial revolution, the establishment of the German Reich in 1871, World War I, the inflation of 1923, the banking crisis in the 1930s, World War II and the post-war era of the 'economic miracle', globalisation and today's move towards digitalisation, HypoVereinsbank has been working for its customers for over 145 years.