Formerly |
|
---|---|
Company type | Società per Azioni |
BIT: BPE FTSE MIB Component | |
ISIN | IT0000066123 |
Industry | Financial services |
Predecessor |
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Founded |
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Headquarters | , Italy |
Number of locations | 1273 |
Area served | 18 out of 20 regions of Italy |
Key people | Alessandro Vandelli (CEO), Pietro Ferrari (Chairman) |
Services | Retail and corporate banking, insurance |
€567,203 million [1] (2021) | |
Total assets | €134,174 billion [2] (2021) |
Total equity | €6,947 billion [3] (2021) |
Subsidiaries | |
Capital ratio | 13.68% (CET1) |
Website | bper.it |
Footnotes /references in consolidated financial statement [4] |
BPER Banca S.p.A., formerly known as Banca Popolare dell'Emilia Romagna S.C., is an Italian banking group offering traditional banking services to individuals, corporate and public entities. [5] The company is based in Modena and is a constituent of the FTSE MIB index.
The bank had branches in most of Italy, but not in Aosta Valley and Friuli – Venezia Giulia. [6] The bank is a majority shareholder of Piedmontese bank Cassa di Risparmio di Bra and Saluzzo, as well as minority shareholders of Fossano and Savigliano.
BPER has been designated as a Significant Institution since the entry into force of European Banking Supervision in late 2014, and as a consequence is directly supervised by the European Central Bank. [7] [8]
Banca Popolare dell'Emilia was formed by the merger of Banca Popolare di Modena (founded in 1867) with Banca Cooperativa di Bologna on 29 December 1983. The bank merged with Banca Popolare di Cesena to form Banca Popolare dell'Emilia Romagna on 1 May 1992. [9] The bank acquired and absorbed many provincial and regional-level Community Banks (Italian : Banca Popolare) and Savings Banks (Italian : Cassa di Risparmio) from the 1990s to the 2010s.
In February 2013, BPER acquired an additional 35.98% stake of CR Bra S.p.A. from the banking foundation of CR Bra for around €23.9 million. After the deal BPER owned 67% stake. [13]
The bank was affected by Decree-Law N°3 of 2015, which required banks with assets more than €8 billion to transform from Cooperative societies (S.C.) to Società per Azioni (from one person one vote to one share one vote).
In 2016 the controlling stake in Cassa di Risparmio di Saluzzo was acquired from the banking foundation of CR Saluzzo. On 14 July 2016 a gross value of €450 million bad loans (the most doubtful non-performing loans) were sold to Algebris NPL Fund and Cerberus European Investments without recourse. [14] Italian banks had the highest gross NPLs to total loan ratio in the European Union (18% at 31 December 2015); [15] BPER Group's gross NPLs to total loan ratio was 23.28% at 31 December 2015, or €11.395 billion in size in gross; Banco di Sardegna along had €2 billion as well as highest ratio among the group.
In late 2016 the bank was re-incorporated as BPER Banca S.p.A., as part of the mandatory process, the bank offered to buy back the shares for €3.8070, based on historical price of the bank. [16] However, no share was repurchased, [17] and the market value of the bank in the Borsa returned to above that price.
On 2 March 2017 BPER Banca signed a contract to acquire Nuova Cassa di Risparmio di Ferrara for a nominal fee of €1. On 30 June the deal was completed. [18]
In February 2019, BPER Banca announced the acquisition of Unipol Banca from Unipol and UnipolSai. The takeover was completed in July 2019 and on 25 November 2019 Unipol Banca was incorporated into BPER Banca.
In 2020, BPER entered into an agreement with Intesa Sanpaolo to acquire 532 branches the latter will have to shed as a result of regulatory obligations resulting from its successful acquisition of rival UBI Banca.
In February 2022, BPER Banca acquired Banca Carige. [19]
Due to issuing new shares in the acquisitions of some banks, some banking foundations were shareholders of the bank, namely Fondazione Banco di Sardegna (3.021%), Fondazione Carispaq (0.58%), [21] Fondazione Monte Foggia (0.06%), [22] Fondazione di Vignola (0.00%). [23]
Norges Bank also owned 2.062% shares. UnipolSai owns about 20% of the capital.
UniCredito was an Italian holding company, formed by the owner of banks: the banking foundations of Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona and Cassa di Risparmio della Marca Trivigiana (Cassamarca), in a ratio of 83.5% versus 16.5%. In 1997 the banking foundation of Cassa di Risparmio di Torino joined the group. The group merged with Credito Italiano to form UniCredito Italiano in 1998.
Sanpaolo IMI S.p.A. was an Italian banking and insurance conglomerate, based in Turin. It employed about 44,000 people and had about 7 million customers.
Cassa di Risparmio is the Italian word for savings bank, and may refer to:
Cassa di Risparmio in Bologna S.p.A. known as Carisbo, was an Italian savings bank based in Bologna, Emilia-Romagna. The bank was part of Intesa Sanpaolo Group since 2007.
Gruppo Bancario Casse Emiliano Romagnole (CAER) was an Italian holding company and banking group, based in Bologna, Emilia-Romagna. The main company of the group was Cassa di Risparmio in Bologna (Carisbo).
Banca Cassa di Risparmio di Torino S.p.A., also known as Banca CRT or Caritorino, was an Italian savings bank based in Turin, Piedmont. In 1997, the bank joined Unicredito banking group, as well as in 1998 followed the group merged with Credito Italiano to form UniCredito Italiano. In 2002, Banca CRT was absorbed into the parent company.
Cassa di Risparmio di Cento S.p.A. is an Italian savings bank based in Cento, Emilia-Romagna, which serve the Province of Ferrara, Bologna and Modena.
Nuova Cassa di Risparmio di Ferrara S.p.A. known as Nuova Carife [New Carife] in short, was an Italian bank, based in Ferrara, Emilia-Romagna. Nuova Carife was founded on 22 November 2015 as a good bank that spin off from the original Cassa di Risparmio di Ferrara S.p.A. (Carife). The old Carife was under administration from 2013 and 2015, and now being liquidated as a bad bank. Nevertheless, Nuova Carife was a short-lived bank, which was acquired by BPER Banca in 2017 from Italian Resolution Fund, becoming branches of the banking group in the same year. The former majority shareholder and the old legal person of the bank, Fondazione Cassa di Risparmio di Ferrara survived as a charity organization.
Cassa di Risparmio di Saluzzo is an Italian saving bank. The bank was based in Saluzzo, in the Province of Cuneo, Piedmont.
Cassa di Risparmio di Bra is an Italian regional bank. The bank was based in Bra, in the Province of Cuneo, Piedmont.
Cassa di Risparmio di Fossano is an Italian saving bank based in Fossano, in the Province of Cuneo, Piedmont.
Banca Cassa di Risparmio di Savigliano S.p.A. is an Italian saving bank. The bank was based in Savigliano, in the Province of Cuneo, Piedmont.
Cassa di Risparmio di Cuneo S.p.A. was an Italian savings bank based in Cuneo, Piedmont. The organization ceased to operate as a bank, turning into a non-profit organization as Fondazione Cassa di Risparmio di Cuneo.
Cassa di Risparmio di Asti known as Banca CR Asti or just Banca di Asti, is an Italian saving bank based in Asti, Piedmont. It serves Piedmont and Lombardy regions.
Cassa di Risparmio della Provincia dell'Aquila (Carispaq) was an Italian savings bank, based in L'Aquila, Abruzzo region. The bank was absorbed into parent company Banca Popolare dell'Emilia Romagna in 2013.
Banca Popolare di Bari S.C.p.A. was an Italian bank based in Bari, Apulia region. The bank covered most of mainland Italy, except Piedmont and Liguria, and all the autonomous regions of Italy: Aosta Valley, Trentino – South Tyrol, Friuli – Venezia Giulia and the islands of Sardinia and Sicily.
Cassa di Risparmio di Vignola was an Italian saving bank based in Vignola, in the Province of Modena, Emilia–Romagna region. It was absorbed by Banca Popolare dell'Emilia Romagna in 2010.
Banca Popolare di Lanciano e Sulmona S.p.A., known as BLS, was an Italian cooperative bank based in Lanciano, in Province of Chieti, in Abruzzo region. It was absorbed into Banca Popolare dell'Emilia Romagna in 2013.
Fondazione Cassa di Risparmio della Provincia dell'Aquila known as Fondazione Carispaq is an Italian charity organization that was the product of 1992 banking reform. The foundation was the owner of Cassa di Risparmio della Provincia dell'Aquila S.p.A.. However the limited company was sold to Banca Popolare dell'Emilia Romagna progressively from 2000 to 2013. Carispaq sold 11.853% shares of Carispaq for 1,915,453 new shares of BPER, which equivalent to 0.58% share capital as at 31 December 2014.
Associazione di Fondazioni e di Casse di Risparmio S.p.A. is an Italian banking association. The members were the savings banks of Italy, or the foundation that originate from the reform trigger by Legge Amato.