worldwide (Republic of Ireland, New York, São Paulo, Moscow, New Delhi, Hong Kong and Shanghai)
Key people
Gianni Mion (Chairman)
Fabrizio Viola (CEO)
Services
Retail and corporate banking
Revenue
€720 million (2016)
Operating income
€32.6 million (2016)
Net income
(€1.902 billion) (2016)
Total assets
€34.424 billion (2016)
Total equity
€2.149 billion (2016)
Owner
Atlante (99.33%)
Number of employees
5,147 (2016 average)
Parent
Atlante
Subsidiaries
Banca Nuova
(100%)
FarBanca
(70.77%)
ABC Assicura
Berica Vita
Cattolica Life
Capital ratio
7.47% (CET1, Dec.2016)
Rating
Moody's
Footnotes / references in consolidated financial statement[1]
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.[2] 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.[3] The bank had 193 branches in Veneto, 67 in Lombardy, 61 in Tuscany and 50 in Friuli—Venezia Giulia as its core region.[3] Through Banca Nuova, BPVi also had 81 branches in southern Italy (Sicily and Calabria).
The bank, according to a 2015 annual report, was owned by the public of more than 100,000 natural persons (88.5%).[4] Only 11.5% were owned by companies, administrative bodies and institutions, such as Cattolica Assicurazioni (0.89%)[5] and Fondazione Cariprato (0.35%).[6] 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 the Italian Government in 2017, in which the good assets of the bank were 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 FarBanca, a bank for pharmacists. The bank expanded in the 1990s by merging with other co-operative Popular Bank (Italian: Banca Popolare) of the whole of Italy.
^"Approved the draft parent company and consolidated annual report as at 31 December 2016". BPVi. 28 March 2017. Retrieved 1 April 2017.
^"LE PRINCIPALI BANCHE ITALIANE [2017]" (PDF) (in Italian). Ricerche e Studi. 24 October 2017. Archived from the original (PDF) on 28 October 2017. Retrieved 28 October 2017.
^ abCite error: The named reference BPVi2016halfyearly was invoked but never defined (see the help page).
^"2015 Annual Report" (PDF). Banca Popolare di Vicenza. 25 March 2016. Retrieved 15 April 2016.
^"2015 Bilancio Consolidato" (PDF) (in Italian). Cattolica Assicurazioni. 6 April 2016. Retrieved 21 April 2016.
^"2015 bilancio" (PDF) (in Italian). Fondazione Cariprato. 2016. Retrieved 1 June 2016.
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Global Information
541 locations (Dec.2016)
7.47% (CET1, Dec.2016)