UBI Banca

Unione di Banche Italiane S.p.A.
UBI Banca
Company typeSubsidiary
IndustryFinancial services
PredecessorBanche Popolari Unite
Founded1 April 2007; 17 years ago (2007-04-01)
Defunct12 April 2021; 3 years ago (2021-04-12)
FateAcquired by Intesa Sanpaolo
Headquarters
  • Bergamo, Italy (registered office)
  • Brescia, Italy (second office)
Number of locations
Decrease 1,812 branches in Italy (June 2018)
Key people
Services
  • Retail banking
  • Corporate banking
  • Asset management
  • Leasing and factoring
Decrease €691 million (2017)
Total assetsIncrease €127.37 billion (2017)
Total equityIncrease €9.23 billion (2017)
Number of employees
Decrease 21,414 (2017)
ParentIntesa Sanpaolo
Capital ratioIncrease 11.56% (CET1)
RatingMoody's
Websiteubibanca.it
Footnotes / references
UBI Banca's 2017 consolidated financial statement[1]

Unione di Banche Italiane S.p.A., commonly known for its trading name UBI Banca,[2] was an Italian banking group, the fifth largest in Italy by number of branches. It was formed on 1 April 2007 from the merger of the Banche Popolari Unite (trading as BPU Banca) and Banca Lombarda e Piemontese banking groups.

UBI Banca shares were listed on the Borsa Italiana and included in the FTSE MIB (the blue chip index) until it was taken over by its larger Italian rival Intesa Sanpaolo in September 2020.[3][4]

  1. ^ "2017 Consolidated Financial Report" (PDF). UBI Banca. 2018. Archived from the original (PDF) on 4 September 2018. Retrieved 4 September 2018.
  2. ^ Sanderson, Rachel (13 January 2017). "UBI Banca offers just €1 to buy 3 rescued Italian banks". Financial Times. Retrieved 19 February 2018.
  3. ^ Il Sole 24 ore. Ubi diventa di Intesa Sanpaolo: le adesioni all’Ops volano al 72%.
  4. ^ "Intesa conquista Ubi con il pieno di adesioni. Messina: "Tutti vincitori"".