Banca Popolare di Vicenza

Banca Popolare di Vicenza SCpA
Società Cooperativa per azioni
Industry Financial services
Founded 1866
Headquarters Vicenza, Italy
Key people
Giovanni Zonin (president)[1]
Products Retail and investment banking
Revenue Decrease €1.01 billion (2014)[2]
Decrease (€1.13 billion) (2014)[2]
Profit Decrease (€758 million) (2014)[2]
Total assets Increase €46.5 billion (2014)[2]
Total equity Increase €3.73 billion (2014)[2]
Owner Public (90.5%)
Fondazione Cariprato (0.5%)[3]
Subsidiaries Banca Nuova
FarBanca
Website http://www.popolarevicenza.it/

Banca Popolare di Vicenza (BPVi) is an Italian cooperative bank. According to one research, the bank was the 9th largest bank of Italy, as of 2013, or 11th including the subsidiaries of foreign banks.[4]

BPVi is a multi-regional bank which had branches in most of the Italy regions, except Aosta Valley in the north, Molise, Campania and Basilicata in the south, as well as Sardinia Island. Moreover, only one branch in Apulia, Abruzzo, Marche and only two branches in Piedmont, Trentino – South Tyrol and Umbria.[5]

The bank, according to 2013 annual report, was owned by the public of more than 90,000 natural person (90.5%).[5] Only 9.5% were owned by companies, administrative body and institution.

The bank had two major subsidiaries, Banca Nuova, operated mainly in Sicily and Calabria, as well as FarBanca, a bank for pharmacist. The bank expanded in 1990s by merged with other cooperative bank (Italian: Banca Popolare) of the whole Italy.

BPVi were among the four Italian banks (BPM, Carige and Banca MPS) that failed European Central Bank stress tests in 2014.[6] However BPVi and BPM passed the tests after recapitalization.[7]

History

BPVi was the first cooperative bank in Veneto region. In 1985 the bank acquired Banca Popolare Agricola di Lonigo, in 1988, Banca Popolare di Thiene, in 1991, Banca Popolare dei Sette Comuni-Asiago, in 1994, Banca Popolare di Venezia, in 1996, Banca Popolare di Castelfranco Veneto and Banca Popolare di Trieste, in in 1997 Banca Popolare della Provincia di Belluno, in 1998 Banca Popolare "C. Piva" di Valdobbiadene and Banca Popolare Udinese.[8] In 1999 the group offered to the public to acquire Banca Popolare della Provincia di Treviso SpA.[9] In 2000 the group acquired Banca Nuova di Palermo and Banca del Popolo di Trapani, which became Banca Nuova in 2002.[8] In 2002 the group acquired Cassa di Risparmio di Prato (Cariprato) from Banca Monte dei Paschi di Siena, which had 60 branches mainly in Tuscany region.[8] In 2010 Cariprato was absorbed into the bank.

In 2007 61 branches was acquired from UBI Banca, mainly based in the Province of Brescia and Bergamo, Lombardy.[8] In 2014, 16 branches were acquired from Cassa di Risparmio di Ferrara[2] as well as one branch in Turin was acquired from Banca Popolare di Spoleto.[2]

BPVi currently alliances with Cattolica Assicurazioni.[8] Histrionically the bank also partnered with Banca di Roma in 2000,[10] however BPVi breakup with Banca di Roma and did not involved in the birth of Capitalia, which was absorbed by UniCredit in 2007.

BPVi was the 9th largest shareholder of Banca Nazionale del Lavoro (BNL) for 3.63682% ordinate shares. (at the end of year 2004).[11] BNL was privatized by BNP Paribas after Bancopoli.

Sponsorship

The bank was the main sponsor of Vicenza Calcio (since 2001, shirt sponsor circa 2010)[5][12] as well as city rival Real Vicenza.[13] The bank also sponsored Udinese Calcio[14] and U.S. Città di Palermo (through Banca Nuova).[15]

See also

References

  1. "Cariche sociali" (in Italian). Banca Popolare di Vicenza. Retrieved 26 March 2015.
  2. 2.0 2.1 2.2 2.3 2.4 2.5 2.6 2014 bilancio (Italian)
  3. 2013 bilancio Fondazione Cariprato
  4. http://www.mbres.it/en/publications/leading-italian-companies
  5. 5.0 5.1 5.2 English translation of 2013 Annual report Banca Popolare di Vicenza
  6. "AGGREGATE REPORT ON THE COMPREHENSIVE ASSESSMENT" (PDF). European Central Bank. October 2014. Retrieved 26 March 2015.
  7. "Monte Paschi has 2.1 billion euro shortfall after EU stress test: Bank of Italy". Reuters. 26 October 2014. Retrieved 26 March 2015.
  8. 8.0 8.1 8.2 8.3 8.4 La storia Banca Popolare di Vicenza (Italian)
  9. http://www.consob.it/main/emittenti/documenti_offerta/documenti_opa.html?firstres=350&hits=393&viewres=1&search=1&resultmethod=opa&queryid=opa&maxres=1000
  10. "Nuova alleanza in vista per Banca di Roma". Corriere della Sera (in Italian). 4 January 2000. Retrieved 26 March 2015.
  11. 2004 bilancio Banca Nazionale del Lavoro (Italian)
  12. "Presentazione Ufficiale della Squadra" (in Italian). Vicenza Calcio. 25 August 2011. Retrieved 26 March 2015.
  13. "PRESENTAZIONE DI MICHELE MARCOLINI" (in Italian). Real Vicenza V.S. 2014. Retrieved 26 March 2015.
  14. "Banca Popolare di Vicenza è Sponsor Istituzionale Gold di Udinese Calcio" (in Italian). Banca Popolare di Vicenza. 2 September 2011. Retrieved 26 March 2015.
  15. "Banca Nuova rinnova il contratto con il Palermo Calcio" (in Italian). US Città di Palermo. 8 August 2008. Retrieved 25 March 2015.

External links