Banca Popolare di Cividale

Banca Popolare di Cividale
Native name
Banca Popolare di Cividale S.C.p.A.
Società Cooperativa per Azioni
Industry Financial services
Founded 1886
Headquarters 8/1 via Sen. Guglielmo Pelizzo, Cividale del Friuli, Italy
Number of locations
75 branches (2014)
Area served
  • Friuli – Venezia Giulia
  • Veneto (province of Treviso, Belluno and Venice only)
Services Retail and corporate banking
Increase €10.065 million (2014)
Total assets Decrease €4.229 billion (2014)
Total equity Increase €276.177 million (2014)
Owner
Subsidiaries Civileasing (100%)
Capital ratio 10.04% (CET1)[1]
Website Official website

Banca Popolare di Cividale is an Italian cooperative bank based in Cividale del Friuli, Friuli - Venezia Giulia.

History

Banca Popolare di Cividale società cooperativa a responsabilità limitata was found in 1886. In 2000 the bank acquired the controlling interests of Banca Agricola di Gorizia from Cardine Banca and minority shareholders (80%).[2]

Banca di Cividale

In 2000 a joint venture Banca di Cividale S.p.A., was formed by BP Cividale and Deutsche Bank S.p.A., the Italian subsidiary of Deutsche Bank A.G., in a 70-30 ratio.[3] BP Cividale became a holding company instead. However, Deutsche Bank sold 20% shares back to BP Cividale in 2002.

In 2002 BP Cividale sold 10% shares of Banca di Cividale to Cattolica Assicurazioni for €19.625 million, which the insurance company sold products in the network of Banca di Cividale.[4][5] In 2003 Deutsche Bank, sold the remaining 10% shares back to BP Cividale for €16,093,728.[6] In 2004, Banca di Cividale issued 2.4 million new shares to Credito Valtellinese, which equivalent to 22.22% shares capital of the bank (increased to 25% in 2005); BP Cividale acquired a minority interests in Banca dell'Artigianato e dell'Industria for 4.58% (increased to 9.864% in 2005);[7][8][9][10] While Cattolica Assicurazioni's ownership on the bank was diluted to 7.78%.[11] In the same year Banca di Cividale acquired a minority interests (4.3%) in Banka për Biznes, a Kosovar bank.[8][12]

In 2005 BP Cividale was changed from S.c.a.r.l. to Società Cooperativa per Azioni. In the same year Banca di Cividale acquired 5.5% shares of Deželna Banka Slovenije.[10][13] BP Cividale also bought back 7.78% shares of Banca di Cividale from Cattolica Assicurazioni for €20.7 million in 2006,[13] which the partnership would also ended on 31 December 2007.[14]

In 2011 BP Cividale sold the shares of Banca dell'Artigianato e dell'Industria to Credito Valtellinese, at the same time the holding acquired 5% shares of Banca di Cividale from Credito Valtellinese.[15] In 2013 Banca di Cividale was merged back to BP Cividale (along with NordEst Banca).[16] The 20% shares of Banca di Cividale was bought for €69,574,863.5 cash and 169,277 number of shares of BP Cividale (for €4,147,286.50), equivalent to 1% share capital of BP Cividale.[17] Credito Valtellinese also purchased €15 million subordinated loan of BP Cividale as part of agreement.[18]

The last annual report of Banca di Cividale shown the company had a shareholders equity of €229,352,768, as well as Tier 1 capital ratio of 13.15%.[19]

Other subsidiaries

In 2007, Civileasing, a jointly controlled subsidiary of BP Cividale and Banca di Cividale, became a wholly owned subsidiary of BP Cividale instead.[20]

In 2009 BP Cividale acquired a controlling interests (51%) in NordEst Banca.[21] The bank was absorbed into parent company in 2013.

See also

References

  1. "2014 Bilancio" (in Italian). Banca Popolare di Cividale. 3 April 2015. Retrieved 9 March 2016.
  2. "Offerta pubblica di acquisto e di scambio su azioni ordinarie della Banca Agricola di Gorizia" (PDF). Banca Popolare di Cividale (in Italian). CONSOB archive. 2000. Archived from the original (PDF) on 3 April 2015.
  3. "Provvedimento N°115/A: Banca Popolare di Cividale / Deutsche Bank" (PDF) (in Italian). Banca d'Italia. 14 September 2000. Retrieved 9 March 2016.
  4. "CATTOLICA ASSICURAZIONI AND BANCA POPOLARE DI CIVIDALE INITIATE A BANCASSURANCE AGREEMENT" (PDF). Banca Popolare di Cividale / Cattolica Assicurazioni. 6 March 2002. Retrieved 9 March 2016.
  5. "BANCASSURANCE AGREEMENT BETWEEN CATTOLICA ASSICURAZIONI AND BANCA POPOLARE DI CIVIDALE NOW OPERATIONAL" (PDF). Banca Popolare di Cividale / Cattolica Assicurazioni. 15 July 2002. Retrieved 9 March 2016.
  6. "2003 Bilancio: Nota Integrativa e allegati" (PDF) (in Italian). Deutsche Bank S.p.A. 18 May 2004. Retrieved 9 March 2016.
  7. "2004 Bilancio" (PDF) (in Italian). Credito Valtellinese. 4 May 2005. Retrieved 9 March 2016.
  8. 1 2 "2004 Bilancio Consolidato" (in Italian). Banca Popolare di Cividale. 11 May 2005. Retrieved 9 March 2016.
  9. "2005 Bilancio" (PDF) (in Italian). Credito Valtellinese. 21 April 2006. Retrieved 9 March 2016.
  10. 1 2 "2005 Bilancio Consolidato" (in Italian). Banca Popolare di Cividale. 23 May 2006. Retrieved 9 March 2016.
  11. "2005 Bilancio Consolidato" (PDF) (in Italian). Cattolica Assicurazioni. 21 April 2006. Retrieved 9 March 2016.
  12. "Missione economica in Kosovo capofila la Banca di Cividale". Messaggero Veneto (in Italian). 13 January 2004. Retrieved 9 March 2016.
  13. 1 2 "2006 Bilancio Consolidato" (in Italian). Banca Popolare di Cividale. 16 May 2007. Retrieved 9 March 2016.
  14. "2006 Bilancio consolidato" (PDF) (in Italian). Cattolica Assicurazioni. 18 April 2007. Retrieved 9 March 2016.
  15. "2011 Bilancio" (in Italian). Banca Popolare di Cividale. 27 April 2012. Retrieved 9 March 2016.
  16. "2013 bilancio" (in Italian). Banca Popolare di Cividale. 21 October 2004. Retrieved 9 March 2016.
  17. "2013 Bilancio" (PDF) (in Italian). Credito Valtellinese. 20 May 2014. Retrieved 9 March 2016.
  18. "JOINT PRESS RELEASE" (PDF). Credito Valtellinese / Banca Popolare di Cividale. 26 September 2013. Retrieved 9 March 2016.
  19. "2012 Bilancio" (in Italian). Banca di Cividale. 30 April 2013. Retrieved 9 March 2016.
  20. "2007 Bilancio consolidato" (in Italian). Banca Popolare di Cividale. 13 May 2008. Retrieved 9 March 2016.
  21. "2009 Bilancio" (in Italian). Banca Popolare di Cividale. 10 June 2010. Retrieved 9 March 2016.

External links

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