Banca Popolare di Bari S.C.p.A. (BP Bari) is an Italian bank based in Bari, Apulia region. The bank covers most of mainland Italy (13 of 18 regions), 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. As of 31 December 2016, BP Bari Group had 362 branches (101 branches in Abruzzo), with BP Bari itself having 308 branches in 11 regions. Subsidiary Cassa di Risparmio di Orvieto had 54 branches in 2015.

History

Banca Popolare di Bari was found in 1960 as a

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 ...

. The bank absorbed Banca Popolare della Penisola Sorrentina (based in

Sorrento Peninsula The Sorrento Peninsula or Sorrentine Peninsula is a peninsula located in southern Italy which separates the Gulf of Naples to the north from the Gulf of Salerno to the south. Geography Overview The peninsula is named after its main town, Sorr ...

), Banca Popolare di Calabria (based in Calabria) in the early 2000s. In 2001 it acquired Nuova Banca Mediterranea, a major bank in Basilicata (with branches from Campania and Apulia also). In 2004 Banca Mediterranea was also absorbed into BP Bari. In 2014 BP Bari contributed the capital increases of Banca Tercas, which was under special administration by the state. After the transactions Banca Tercas and its subsidiary

Banca Caripe Banca Caripe S.p.A. was an Italian saving bank based in Pescara, Abruzzo Region. There were 13 branches of the bank outside the Province of Pescara in Abruzzo and Marche regions, out of 48 total. In 2016 the bank was absorbed by the parent company ...

, the major saving banks in Abruzzo, became subsidiaries of BP Bari. In 2016 BP Bari partnered with

Aviva Aviva plc is a British multinational insurance company headquartered in London, England. It has about 18 million customers across its core markets of the United Kingdom, Ireland and Canada. In the United Kingdom, Aviva is the largest general ...

bancassurance Bancassurance is a relationship between a bank and an insurance company that is aimed at offering insurance products or insurance benefits to the bank's customers. In this partnership, bank staff and tellers become the point of sale and point of ...

for 5-year. With the state guarantee (Garanzia sulla Cartolarizzazione delle Sofferenze) to

senior Senior (shortened as Sr.) means "the elder" in Latin and is often used as a suffix for the elder of two or more people in the same family with the same given name, usually a parent or grandparent. It may also refer to: * Senior (name), a surname ...

tranche of the bad debt ( it, sofferenze), BP Bari securitizated €800 million gross book value of

non-performing loan A non-performing loan (NPL) is a bank loan that is subject to late repayment or is unlikely to be repaid by the borrower in full. Non-performing loans represent a major challenge for the banking sector, as it reduces the profitability of banks, and ...

. (in tranches of senior and junior loans) The bank also announced to absorb the two subsidiaries Tercas and Caripe, which only retained as brands. On 1 June 2015 BP Bari received the assets and liabilities of

Banca Popolare delle Province Calabre Banca may refer to: Places * Bangka Island, an island lying east of Sumatra, part of Indonesia * Banca, Pyrénées-Atlantiques, a commune of the Pyrénées-Atlantiques ''département'', France * Banca, Tasmania, a locality in Tasmania, Australia * ...

, which was in liquidation.

Shareholders

As a Popular Bank, there was a cap on individual's stake in the bank. However, some notable institution also owned a minority share, such as , the former owner (and banking foundation) of

Banco di Napoli Banco di Napoli S.p.A., among the oldest banks in the world, was an Italian banking subsidiary of Intesa Sanpaolo group, as one of the 6 retail brands other than "Intesa Sanpaolo". It was acquired by the Italian banking group Sanpaolo IMI (the p ...

, as well as Fondazione Pescara Abruzzo, the former owner of

Nuova Cassa di Risparmio di Ferrara Nuova Cassa di Risparmio di Ferrara S.p.A. known as Nuova Carife ew Carifein 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 Risparm ...

(Nuova Carife) also owned 0.56151% shares, which was a relic of a cross-ownership between BP Bari and old Carife.

References

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Banca Carime Banca Carime S.p.A. was an Italian bank based in Cosenza, Calabria. The bank was a subsidiary of UBI Banca. As of 31 December 2015, the bank had 216 branches (all located in Southern Italy), serving Calabria (84 branches), Apulia (93 branches), ...

, an Italian bank serving southern Italy, a defunct subsidiary of UBI Banca *

Banca di Roma 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. In 2008 the bank had 1533 branches: ...

, an Italian bank serving central and southern Italy, a defunct subsidiary of UniCredit *

Banca della Campania Banca may refer to: Places * Bangka Island, an island lying east of Sumatra, part of Indonesia * Banca, Pyrénées-Atlantiques, a commune of the Pyrénées-Atlantiques ''département'', France * Banca, Tasmania, a locality in Tasmania, Australia * ...

, a defunct subsidiary of Banca BPER *

Banca Cattolica di Molfetta Banca Cattolica S.p.A. was an Italian cooperative bank based in Molfetta, Apulia region, southern Italy. The former parent company of the bank (until 1998), Cattolica Popolare survived as a cooperative society. History Banca Cattolica Popolare was ...

, an Italian bank based in Molfetta, Apulia, a defunct subsidiary of Banca Antonveneta *

Banca Popolare del Mezzogiorno Banca may refer to: Places * Bangka Island, an island lying east of Sumatra, part of Indonesia * Banca, Pyrénées-Atlantiques, a commune of the Pyrénées-Atlantiques ''département'', France * Banca, Tasmania, a locality in Tasmania, Australia * ...

, a defunct subsidiary of Banca BPER

External links

* {{Authority control Banks established in 1960 Italian companies established in 1960 Banks of Italy Companies based in Apulia Bari Cooperative banks of Italy

History

Shareholders

See also

References

External links