UniCredit is a Pan European commercial banking institution established in 1998 and based in Milan, Italy. The bank offers personal and business banking services to customers across the world. UniCredit's primary products include senior debt, subordinated debt, term loans and revolving credit lines. The bank was formed in by the merger of Unicredito and Credito Italiano, and hence it was formerly known as Unicredito Italiano. The bank operates in 17 countries with over 7500 branches and an international network of over 40 markets.