The UniCredit/Bank Austria better known as Bank Austria is a leading European commercial bank with an international network spanning 50 markets. The bank maintains an extensive network in Austria, employs about 7,700 employees servicing customers in some 300 branches in Austria. Bank Austria serves as UniCredit's hub for the banking network in Central and Eastern Europe, a region where the Group is a clear market leader operating about 9,400 branches and employs more than 157,000 employees. The group operates in 22 European countries and nearly 85% of the bank's total workforce is employed out of Austria. Thus, UniCredit bank benefits from a strong European identity, extensive international presence and broad customer base. Due to its dominance, its total assets as at 31 December 2011 were EUR 199.2 billion.