Banca Popolare di Novara

Last updated
Banca Popolare di Novara
TypeDivision (former subsidiary)
IndustryFinancial services
Founded
  • 1871;152 years ago (1871)
  • 2002 (2002) (as a subsidiary)
  • 2011 (2011) (as a division)
Headquarters
Novara
,
Italy
ServicesRetail and corporate banking
Owner Banco BPM
Parent Banco BPM

Banca Popolare di Novara was an Italian cooperative bank based in Novara, Piedmont. The bank was absorbed into parent company Banco Popolare in 2011 (Banco Popolare itself was merged in 2017 to form Banco BPM). However, the former company still operates as a division and a brand of the group.

Contents

History

Banca Popolare di Novara Società Cooperativa a Responsabilità Limitata was founded in 1871. [1] The bank was a minority shareholder of Mediocredito Piemontese, [2] which was sold to UniCredit in 2001.

As at 31 December 2001, BPN had a total assets of €20,205,897,672, a net equity of €1,627,729,000 in the separate balance sheets. [3]

In 2001 the bank was ranked the 18th by deposits (€14,743,042,000), compared to the 13th by Banca Popolare di Verona – SGSP (€20,394,760,000). [4]

BPVN era

In 2002 BPN was merged with Banca Popolare di Verona – Banco S. Geminiano e S. Prospero S.c.a r.l. (BPV–SGSP), [5] The former BPN shareholders became the shareholders of a new company Banco Popolare di Verona e Novara S.c.a r.l. (BPVN; P.IVA 03231270236); the original bank network of BPN was re-incorporated as a new subsidiary as Banca Popolare di Novara S.p.A. (from cooperative limited partnership to company limited by shares ; P.IVA 01848410039)

Banco Popolare era

In 2007 BPVN was merged with Banca Popolare di Lodi S.c.a r.l.. Banco Popolare S.C. became the holding company instead. In 2008 the group remapped its branch network, which BPN was specialized in Piedmont, Apulia, Campania, Basilicata and Molise instead.

In 2011 the company was absorbed into Banco Popolare. However it retained as a division of the bank, which included Banco Popolare Siciliano which was transferred from BPL division, as well as Central-South Italy sub-division.

Sponsorship

The bank was a sponsor of Novara Calcio.

Related Research Articles

<span class="mw-page-title-main">Banca Antonveneta</span>

Banca Antonveneta S.p.A. was an Italian bank based in Padua, Italy. The bank was absorbed into Banca Monte dei Paschi di Siena in 2013.

UniCredit Banca di Roma S.p.A. was an Italian bank based in Rome, Lazio region. It was a subsidiary of UniCredit Group. In 2010 the subsidiary was absorbed into the bank, but retained as a registered trademark.

Banco Popolare Società Cooperativa was an Italian bank, formed in 2007 from the merger of Banco Popolare di Verona e Novara (BPVN) and Banca Popolare Italiana (BPI). The bank merged with Banca Popolare di Milano on 1 January 2017.

The Banca Popolare di Verona was an Italian bank which became part of the Banco Popolare Group, based in Verona, North Italy. Currently it is a brand of Banco Popolare.

<span class="mw-page-title-main">BPER Banca</span> Italian banking group

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. The company is based in Modena and is a constituent of the FTSE MIB index.

<span class="mw-page-title-main">Banca Popolare di Vicenza</span>

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.

<span class="mw-page-title-main">Cassa di Risparmio di Torino</span>

Banca Cassa di Risparmio di Torino S.p.A. 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 to merge with Credito Italiano to form UniCredito Italiano. In 2002, Banca CRT was absorbed into the parent company.

Banca Popolare di Lodi was an Italian cooperative bank based in Lodi, Lombardy. The bank was absorbed into parent company Banco Popolare in 2011. However, the bank still operates as a division and a brand of the group.

Credito Bergamasco (Creberg) was an Italian bank based in Bergamo, Lombardy. The bank was acquired by Banca Popolare di Verona – Banco S. Geminiano e S. Prospero S.c.a.r.l. in 1997. The bank remained as a list company in Borsa Italiana until 2014. In 2014 it was absorbed into Banco Popolare S.C.. However, the former bank remained as a division of the company.

Banca Popolare di Mantova S.p.A. was an Italian cooperative bank based in Mantua, Lombardy. Including the headquarters, the bank operated at 17 locations.

Banca di Legnano was an Italian bank based in Legnano, Lombardy. The bank was absorbed into the parent company Banca Popolare di Milano in 2013.

Banco Popolare Siciliano is a brand used by Banco Popolare in Sicily.

Dexia Crediop S.p.A. is an Italian bank specializing in financing public infrastructure. It was part of Dexia Group, as the owner of 70% shares. Banco Popolare, Banca Popolare di Milano and Banca Popolare dell'Emilia Romagna owned 10% each as minority shareholders.

<span class="mw-page-title-main">Banca Popolare di Spoleto</span> Italian bank

Banca Popolare di Spoleto S.p.A. is an Italian bank based in Spoleto, Umbria region. It was a subsidiary of Banco di Desio e della Brianza.

UniCredit Banca Mediocredito S.p.A. (UBMC) was an Italian commercial bank. The bank was dismantled on 31 December 2015, but the bank license was retained, which became 2S Banca, a company that specialized in securities service activities. On 4 October 2006 2S Banca was sold to Société Générale Security Services, a subsidiary of Société Générale for €579.3 million.

IRFIS – Finanziaria per lo Sviluppo della Sicilia S.p.A. also known as IRFIS – FinSicilia S.p.A., is an Italian development bank based in Palermo, Sicily. The bank is registered under article 106 and 107 of Testo Unico Bancario. The bank provided subsidized loans and intermediates for companies to access government incentives.

<span class="mw-page-title-main">Cattolica Assicurazioni</span>

Società Cattolica di Assicurazione – Società Cooperativa known as Cattolica Assicurazioni is an Italian insurance company. According to Ricerche e Studi, a subsidiary of Mediobanca, the group had €5,382,471,000 gross premiums written making it the 6th largest Italian insurance company, or the fifth excluding Allianz, a subsidiary of the German insurer. Research by ANIA, showed the insurer as being ranked 5th by market share in non-life insurance (5.63%), but not in the top 5 in life insurance.

Banca Italease S.p.A. was an Italian finance leasing company, based in Milan. The company formed two subsidiaries Alba Leasing and a "bad bank" in 2009. The shares of Alba Leasing were distributed to the former shareholders of Banca Italease, with Banca Italease and Release S.p.A. becoming the subsidiary of Banco Popolare instead. Banca Italease was absorbed into Banco Popolare in 2015 as its leasing division.

Banca Nuova S.p.A. was an Italian bank headquartered in Palermo, Sicily island. The bank served the island mostly, with branches in the 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.

Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona known as Cariverona in short, was an Italian savings bank headquartered in Verona. In 1991, due to Legge Amato, the bank was split into two organizations, Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona S.p.A. and Fondazione Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona. They joined Unicredito banking group as founding subsidiary and shareholder respectively. The banking foundation was a minority shareholder of the successor of the banking group UniCredit.

References

  1. "La Storia" (in Italian). Banca Popolare di Novara. Retrieved 13 February 2016.
  2. 2000 Bilancio (PDF) (in Italian). Banca Popolare di Novara. 6 June 2001. p. 195. Archived from the original (PDF) on 11 March 2016. Retrieved 10 March 2016 via Borsa Italiana.
  3. "2001 Bilancio Individuale" (PDF) (in Italian). Banca Popolare di Novara. 2 May 2002. Archived from the original (PDF) on 29 May 2003.
  4. page 270, "Le principali societa 2002" (PDF) (in Italian). Mediobanca. 2002. Retrieved 14 April 2016.
  5. "Banco Popolare di Verona e Novara Merger and Industrial Plan Approved" (PDF). Banca Popolare di Novara / Banca Popolare di Verona – Banco S. Geminiano e S. Prospero. 26 January 2002. Archived from the original (PDF) on 22 May 2003. Retrieved 10 March 2016.