Banca Popolare di Vicenza

rdf:langString Banca Popolare di Vicenza

rdf:langString Banca Popolare di Vicenza

rdf:langString Banca Popolare di Vicenza

rdf:langString in consolidated financial statement

rdf:langString Vicenza

rdf:langString Italy

rdf:langString Financial services

rdf:langString Banca Popolare di Vicenza logo.png

rdf:langString Banca Popolare di Vicenza S.p.A.

rdf:langString it

rdf:langString Dec.2016

rdf:langString Retail and corporate banking

rdf:langString Banca Popolare di Vicenza (BPVi) was an Italian bank and currently a winding-down company. The banking group along was the 15th-largest retail and corporate bank of Italy by total assets at 31 December 2016, according to Mediobanca. However, its sister bank Veneto Banca also ranked 16th in the same ranking, making the whole banking group that under Atlante, had a higher pro-forma total assets than 10th of the same ranking, Crédit Agricole Italia. Due to its size, BPVi and Veneto Banca were both supervised by the European Central Bank directly, instead of the Bank of Italy. BPVi was a multi-regional bank which had branches in most of the Italy regions, except Aosta Valley in the north, Molise and Basilicata in the south, as well as Sardinia Island. Moreover, only one branch in Campania, Abruzzo, Marche and only two branches in Apulia, Trentino—South Tyrol and Umbria. The bank had 193 branches in Veneto, 67 in Lombardy, 61 in Tuscany and 50 in Friuli—Venezia Giulia as its core region. Through Banca Nuova, BPVi also had 81 branches in southern Italy (Sicily and Calabria). The bank, according to 2015 annual report, was owned by the public of more than 100,000 natural person (88.5%). Only 11.5% were owned by companies, administrative body and institution, such as Cattolica Assicurazioni (0.89%) and Fondazione Cariprato (0.35%). However, after a bail-out by Atlante, the private equity fund owned 99.33% as at mid-2016. However, the bank required a second bail-out by Italian Government in 2017, which the good assets of the bank was acquired by Intesa Sanpaolo for €1, plus the government funding the recapitalization and the cost of closure of branches. The remaining portion of BPVi would be winding-down and being liquidated. The bank had two major subsidiaries, Banca Nuova, operated mainly in Sicily and Calabria, as well as , a bank for pharmacists. The bank expanded in 1990s by merging with other co-operative Popular Bank (Italian: Banca Popolare) of the whole Italy.

rdf:langString Banca Popolare di Vicenza S.p.A.