Native name | Banca Agricola Popolare di Ragusa Società Cooperativa per Azioni |
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Type | Co-operative |
Industry | Financial services |
Founded | 1889 |
Headquarters | 65 Viale Europa, Ragusa, Sicily , Italy |
Number of locations | 85 branches (2019) |
Area served |
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Key people |
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Services | Retail banking |
Total assets | |
Total equity | |
Number of employees | 836 (2019) |
Subsidiaries | Finsud SIM Spa, IAPR Srl |
Capital ratio | 26.24% (CET1) |
Website | www |
Footnotes /references In consolidated financial statements [1] |
Banca Agricola Popolare di Ragusa S.C.p.A. is an Italian cooperative bank based in Ragusa, Sicily.
The bank had 84 branches inside the island (in the areas of Ragusa, Catania, Siracusa, Messina, Palermo, Enna), plus one branch in mainland Italy, in Milan. [2] [3]
The foundation of the bank dates back to 10 March 1889, the date on which the Banca Popolare Cooperativa di Ragusa was born (later incorporated into the institution in question, founded in 1902). [4] In 1999 the bank was ranked 9th in terms of branches on the island with 56 branches, [5] behind Banco di Sicilia, Banca Popolare di Lodi, Banca Antonveneta, Banca Commerciale Italiana, Banca Monte dei Paschi di Siena, Banca Popolare Sant'Angelo, Credito Valtellinese and Credito Emiliano. The bank was only ahead Sanpaolo IMI which had 50 branches. After several merger and acquisitions, the aforementioned banks became part of the UniCredit, Banco BPM (as Banco Popolare Siciliano), Banca Monte dei Paschi di Siena, Intesa Sanpaolo (4 of out 5 largest banks of Italy), as well as Banca Carige (acquired 20 branches from Banco di Sicilia) Credito Valtellinese (as Credito Siciliano) and Credito Emiliano which also from the north. Banca Agricola Popolare di Ragusa and Banca Popolare Sant'Angelo were one of the few surviving independent banks on the island. [6]
In 2019 the shareholders of the bank had a disagreement with the managers of the bank. The dispute was settled by the intervention of the Ministry of Economy and Finance. [7] The bank also bought back the shares from the market in the same year. [8] [9]
The Banca Agricola Popolare di Ragusa group also controls a real estate company based in Ragusa (IAPR Srl), and a stock brokerage company based in Milan (Finsud SIM Spa). [10]
Banco di Sicilia was an Italian bank based in Palermo, Sicily. It was a subsidiary of UniCredit but absorbed into the parent company in 2010.
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Credito Valtellinese (Creval) is an Italian bank based in Sondrio, Lombardy, Italy. The company was a former component of FTSE Italia Mid Cap Index of the Borsa Italiana, but was removed and added as a component of FTSE Italia Small Cap Index in May 2017; the bank was added back to the reserve list of FTSE Italia Mid Cap in August 2017.
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Nexi S.p.A. formerly known as Istituto Centrale delle Banche Popolari Italiane S.p.A. (ICBPI) is an Italian bank that specialises in payment systems such as Nexi Payments. The bank was specialised as a central institution of Italian Popular Bank..
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Unione Fiduciaria S.p.A. – Società Fiduciaria e di Servizi delle Banche Popolari Italiane is an Italian bank that specialized in fiduciary. The bank was formed by 8 People's Bank of Italy in 1958.
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Banca Popolare Sant'Angelo S.C.p.A. is an Italian cooperative bank based in Licata and Palermo, the capital of Sicily. The bank also has one branch in Lampedusa, the south most island of Italy and also has a branch in Rome.
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Banca Nuova S.p.A. was an Italian bank headquartered in Palermo, Sicily island. The bank served the island mostly, with branches in Calabria region; It was a subsidiary of Banca Popolare di Vicenza (BPVi), in turn owned by Atlante, a banking sector owned bail-out fund from 2016 to mid-2017. In June 2017 the bank was acquired by Intesa Sanpaolo by another government-funded bail-out, and a plan to absorb the bank was announced in October 2017.
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