Banca Popolare di Spoleto

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Banca Popolare di Spoleto
Native name
Banca Popolare di Spoleto S.p.A.
Formerly called
Banca Cooperativa Popolare in Spoleto
Società per Azioni
Traded as BITSPO
Industry Financial services
Founded
  • 28 April 1895 (1895-04-28)[1]
  • 30 July 1992 (1992-07-30) (S.p.A.)[1][2]
Founder Giulio Cesari[1]
Headquarters Piazza Luigi Pianciani, Spoleto, Italy
(€35,014,744) (Jul.–Dec.2014)
Total assets Decrease €3,282,541,271 (end 2014)
Total equity Decrease €173,175,791 (end 2014)
Owner
Parent Banco di Desio e della Brianza
Capital ratio 7.99% (CET1)
Website Official website

Banca Popolare di Spoleto S.p.A. is an Italian bank based in Spoleto, Umbria region. It was a subsidiary of Banco di Desio e della Brianza.

History

Banca Cooperativa Popolare in Spoleto was found on 28 April 1895 by Professor Giulio Cesari, as well as other funder. In 1992 the cooperative society spin off their bank activity to form a limited company (società per azioni), which the controlling interests was acquired by Credito Italiano (50.71% in 1998), and the original cooperative society was renamed to "Popolare Spoleto - Credito e Servizi".[3] The Sp.A. was listed in Borsa Italiana since 1996. Credito Italiano sold the bank in mid-1998.[4] As at 31 December 1998 Spoleto Credito e Servizi was the major shareholders of 53.110%, followed by Banca Monte dei Paschi di Siena (Banca MPS) (and its subsidiary Monte Paschi Vita) for 25.956%. In 2005, due to capital increases, Banca MPS Group hold 25.981% shares of BP Spoleto.[5]

As at 31 December 2012, the bank had a Tier 1 capital ratio of 6.45%.[6] From February 2013[7][8] to 31 July 2014 it was under extraordinary administration by the Ministry of Economy and Finance. On 1 April 2014 Banco di Desio e della Brianza subscribed the capital increases of the bank for €139.75 million, making former largest shareholders, Spoleto Credito e Servizi Soc. Coop. (ex-Banca Popolare di Spoleto Soc. Coop.), became the second largest shareholders.[9][10] On 31 July 2014 the Tier 1 capital ratio was increased to 9.371%,[11] but decreased to 7.99% as at 31 December 2014.

References

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