Banca Agricola Popolare di Ragusa S.C.p.A. is an Italian

cooperative bank Cooperative banking is retail and commercial banking organized on a cooperative basis. Cooperative banking institutions take deposits and lend money in most parts of the world. Cooperative banking, as discussed here, includes retail banking carr ...

based in

Ragusa Ragusa is the historical name of Dubrovnik. It may also refer to: Places Croatia * the Republic of Ragusa (or Republic of Dubrovnik), the maritime city-state of Ragusa * Cavtat (historically ' in Italian), a town in Dubrovnik-Neretva County, Cro ...

Sicily (man) it, Siciliana (woman) , population_note = , population_blank1_title = , population_blank1 = , demographics_type1 = Ethnicity , demographics1_footnotes = , demographi ...

. The bank had 84 branches inside the island (in the areas of

Catania Catania (, , Sicilian and ) is the second largest municipality in Sicily, after Palermo. Despite its reputation as the second city of the island, Catania is the largest Sicilian conurbation, among the largest in Italy, as evidenced also by ...

, Siracusa,

Messina Messina (, also , ) is a harbour city and the capital of the Italian Metropolitan City of Messina. It is the third largest city on the island of Sicily, and the 13th largest city in Italy, with a population of more than 219,000 inhabitants in ...

Palermo Palermo ( , ; scn, Palermu , locally also or ) is a city in southern Italy, the capital (political), capital of both the autonomous area, autonomous region of Sicily and the Metropolitan City of Palermo, the city's surrounding metropolitan ...

, Enna), plus one branch in mainland

Italy Italy ( it, Italia ), officially the Italian Republic, ) or the Republic of Italy, is a country in Southern Europe. It is located in the middle of the Mediterranean Sea, and its territory largely coincides with the homonymous geographical re ...

, in

Milan Milan ( , , Lombard: ; it, Milano ) is a city in northern Italy, capital of Lombardy, and the second-most populous city proper in Italy after Rome. The city proper has a population of about 1.4 million, while its metropolitan city h ...

History

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). In 1999 the bank was ranked 9th in terms of branches on the island with 56 branches, behind Banco di Sicilia,

Banca Popolare di Lodi 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. History Banca Popolare di Lo ...

Banca Antonveneta 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. In 2008, it was the 9th largest banking group in Italy in terms of customer loans and the 8th largest in terms ...

Banca Commerciale Italiana Banca Commerciale Italiana (COMIT), founded in 1894, was once one of the largest banks in Italy. In 1999 it merged with a banking group consisting of Cassa di Risparmio delle Provincie Lombarde (aka Cariplo; est. 1823) and Banco Ambroveneto, wh ...

Banca Monte dei Paschi di Siena Banca Monte dei Paschi di Siena S.p.A. (), known as BMPS or just MPS, is an Italian bank. Tracing its history to a mount of piety founded in 1472 () and established in its present form in 1624 (), it is the world's oldest or second oldest bank ...

Banca Popolare Sant'Angelo Banca Popolare Sant'Angelo S.C.p.A. is an Italian cooperative bank based in Licata (in the Province of Agrigento) and Palermo, the capital of Sicily (in the province of the same name). The bank also has one branch in Lampedusa, the south most isla ...

, Credito Valtellinese and Credito Emiliano. The bank was only ahead

Sanpaolo IMI 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. On 24 August 2006 a merger with Banca Intesa was announced, which on 1 December 2006 was app ...

which had 50 branches. After several merger and acquisitions, the aforementioned banks became part of the UniCredit,

Banco BPM Banco BPM S.p.A. is an Italian bank that started to operate on 1 January 2017, by the merger of Banco Popolare and Banca Popolare di Milano (BPM) (approved by the board of directors on 24 May 2016). The bank is the third largest retail and corpora ...

(as

Banco Popolare Siciliano Banco Popolare Siciliano is a brand used by Banco Popolare in Sicily. History Predecessors Banco Popolare Group had presented in Sicily since 1990s due to merger and acquisitions. According to Banca d'Italia data on 30 September 1999, Banca Pop ...

, Intesa Sanpaolo (4 of out 5 largest banks of Italy), as well as

Banca Carige Banca Carige Società per azioni, S.p.A., historically known as Cassa di Risparmio di Genova e Imperia (Ca.Ri.Ge.) is an List of Italian banks, Italian bank based in Genoa, with more than 500 bank branches in Italy. The predecessor of the bank, a ...

(acquired 20 branches from Banco di Sicilia) Credito Valtellinese (as

Credito Siciliano Credito Siciliano was an Italian bank headquartered in Acireale, Sicily and previously Palermo. It was a subsidiary of Credito Valtellinese until its merger by incorporation into Credito Valtellinese in June 2018. The bank had 136 branches, 133 lo ...

) 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. 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. The bank also bought back the shares from the market in the same year. 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).

Equity interests

ARCA SGR Arca Fondi SGR SpA (Italian: ) is an Italian fund management company based in Milan. The company was born from the experience of Arca SGR SpA, founded in October 1983, thanks to the effort of 12 Italian Cooperative Banks and over the years has a ...

(0.320%)

Awards

* "Creators of Value" ( Milano Finanza Global Awards 2018) * Best bank for capital requirements (Milano Finanza Global Awards 2019) * Best bank in the Sicily Region (Milano Finanza Global Awards 2019)

Bibliography

* ''La Banca agricola popolare di Ragusa. Frammenti di un secolo di storia 1889-1989.'' Sellerio Editore, Palermo, 1989.

References

External links