Banca Popolare dell'Emilia Romagna

Banca Popolare dell'Emilia Romagna

Formerly called	Banca Popolare dell'Emilia
Type	Cooperative society (S.C.)
Traded as	BIT: BPE
ISIN	IT0000066123
Industry	Financial services
Predecessor	Banca Popolare di Modena Banca Cooperativa di Bologna Banca Popolare di Cesena
Founded	1867 (BP Modena) 29 December 1983 (1983-12-29) (BP Emilia) 1 May 1992 (1992-05-01) (BPER)
Headquarters	Modena, Italy
Area served	18 out of 20 regions of Italy
Key people	Ettore Caselli (chairman) Alessandro Vandelli (CEO)
Services	Retail and corporate banking, insurance
Net income	€220.661 million (2015)
Total assets	€61.261 billion (2015)
Total equity	€5.025 billion (2015)
Owner	Fondazione Banco di Sardegna (2.076%) Norges Bank (2.062%) others (each <2%)
Subsidiaries	Banco di Sardegna Banca di Sassari Cassa di Risparmio di Bra Cassa di Risparmio di Saluzzo
Capital ratio	11.24% (CET1)
Website	Official website
Footnotes / references in consolidated balance sheets

Banca Popolare dell'Emilia Romagna (known as BPER Banca or BPER Gruppo) is an Italian banking group offering traditional banking services to individuals, corporate and public entities. The company is based in Modena and is a constituent of the FTSE MIB index.

The bank had branches in most of Italy, except in Aosta Valley and Friuli – Venezia Giulia. The bank is a majority shareholder of Piedmontese bank Cassa di Risparmio di Bra and Saluzzo, as well as minority shareholders of Fossano and Savigliano.

History

Banca Popolare dell'Emilia was formed by the merger of Banca Popolare di Modena (found 1867) with Banca Cooperativa di Bologna on 29 December 1983. The bank merged with Banca Popolare di Cesena to form Banca Popolare dell'Emilia Romagna on 1 May 1992. The bank acquired and absorbed many provincial and regional level People's Bank (Italian: Banca Popolarecode: it is deprecated ) and Saving Bank (Italian: Cassa di Risparmiocode: it is deprecated ) in 1990s to 2010s.

2000s

• 2005 Cassa di Risparmio di Vignola was privatized for about €33 million. remain 23.913% shares was sold by the banking foundation.
• 2006 The minority interests in Cassa di Risparmio di Bra, Fossano, Saluzzo and Savigliano were acquired from UniCredit for about €149 million.

2010s

In February 2013, BPER acquired an additional 35.98% shares of CR Bra from the banking foundation for around €23.9 million. After the deal BPER owned 67% shares.

The bank was affected by Decree-Law N°3 of 2015, which required banks with assets more than €8 billion to transform from Cooperative society (S.C.) to Società per azioni. (from one person one vote to one share one vote)

In 2016 the controlling stake in Cassa di Risparmio di Saluzzo was acquired.

Former subsidiaries

storia

• ABF Factoring (2004–2010)
• Banca della Campania (2003–2014)
• Banca del Monte di Foggia (1998–2006)
• Banca Popolare di Aprilia (1998–?)
• Banca Popolare di Castrovillari e Corigliano Calabro (1999–?)
• Banca Popolare di Crotone (?–2008)
• Banca Popolare dell'Irpinia (2000–2013)
• Banca Popolare di Lanciano e Sulmona (?–2003)
• Banca Popolare del Materano (?–2008)
• Banca Popolare del Mezzogiorno (2008–2014)
• Banca Popolare di Salerno (?–2003)
• Banca Popolare di Sinni (1998–?)
• Banca Popolare di Ravenna (?–2014)
• Meliorbanca (?–2012)
• Cassa di Risparmio della Provincia dell'Aquila (1999–2013)
• Cassa di Risparmio di Vignola (?–2010)
• Credito Commerciale Tirreno (1997–2003)
• Eurobanca del Trentino (2004–2010)

Equity interests

• ARCA SGR
• Cassa di Risparmio di Fossano
• Banca Cassa di Risparmio di Savigliano

Shareholders

Due to issuing new shares in the acquisitions of some banks, some banking foundations were the shareholders of the bank, namely Fondazione Banco di Sardegna (2.076%), Fondazione Carispaq (0.58%), Fondazione Monte Foggia (0.06%), Fondazione di Vignola (0.00%).

See also

• Art collection of Banca Popolare dell'Emilia Romagna