History of UniCredit Jelzálogbank Zrt.
UniCredit Jelzálogbank Ltd. (UniCredit Jelzálogbank Zrt.) was established on 8 June 1998 by Bayerische Vereinsbank AG with a share capital of HUF 3,000,000,000 comprising 3,000 registered shares of HUF 1,000,000 each. UniCredit Jelzálogbank Zrt. was registered in Hungary with the Court of Registration of the Budapest Metropolitan Court under registration number Cg 01-10-043900 on 3 August 1998 under the name of HVB Bank Hungary Rt. Its current registered address is 1054 Budapest, Szabadság tér 5-6, telephone: + 36 1 301 5500. UniCredit Jelzálogbank Zrt. carries out its activity as a specialised credit institution under Hungarian law. The Hungarian Financial Services Authority (the HFSA, Pénzügyi Szervezetek Állami Felügyelete) issued the operating licence for UniCredit Jelzálogbank Zrt. to operate as a mortgage bank. The licence number is 1608/1999 and is dated 11 June 1999. As at the date hereof, the share capital of UniCredit Jelzálogbank Zrt. is HUF 3,000,000,000. To the best knowledge of UniCredit Jelzálogbank Zrt. no arrangement is existing or contemplated which may result in a change of control of the Issuer.
UniCredit Bank Hungary Zrt. is the sole shareholder of UniCredit Jelzálogbank Zrt. Since UniCredit Bank Hungary Zrt. holds 100% of the shares in UniCredit Jelzálogbank Zrt. the control exercised by the sole shareholder is considered by Hungarian laws as a qualified control. UniCredit Bank Hungary Zrt. has powers to elect or remove the members of the Issuer’s decision-making and supervisory bodies and exercises significant influence over the management.