Banca Popolare di Vicenza

Banca Popolare di Vicenza

Native name	Banca Popolare di Vicenza S.p.A.
Company type	former cooperative subsidiary (since 2016) società per azioni (since 2016)
Industry	Financial services
Founded	1866
Headquarters	Vicenza , Italy
Number of locations	541 locations (Dec.2016)
Area served	16 regions of Italy 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.