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Banca Popolare di Bari

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Banca Popolare di Bari
Native name
Banca Popolare di Bari S.C.p.A.
Company typecooperative
ISINIT0000220514
IndustryFinancial services
Founded1960
FounderLuigi Jacobini
Headquarters19 Corso Cavour,
Bari
,
Italy
Number of locations
Decrease 362 branches (2016)
Area served
13 regions of Italy (mainly in Apulia, Basilicata, Abruzzo & Umbria)
Key people
Marco Jacobini(chairman)
Giorgio Papa(CEO)
Brands
ServicesRetail and corporate banking
Decrease €-170 million (2016)
Total assetsDecrease €10.801 billion (2021)
Total equityDecrease €1.069 billion (2016)
Number of employees
Decrease 2,329 (2021)
SubsidiariesCariOrvieto (73.57%)
Capital ratioDecrease 9.92%% (CET1)
Websitepopolarebari.it (in Italian)
Footnotes / references
in consolidated financial statement[1]

Banca Popolare di Bari S.C.p.A. (BP Bari), now BdM Banca, is an Italian bank based in Bari, Apulia region. The bank covered most of mainland Italy (13 of 18 regions), except Piedmont and Liguria, and all the autonomous regions of Italy: Aosta Valley, Trentino – South Tyrol, Friuli – Venezia Giulia and the islands of Sardinia and Sicily.

As of 31 December 2016, BP Bari Group had 362 branches (101 branches in Abruzzo), with BP Bari itself having 308 branches in 11 regions. Subsidiary Cassa di Risparmio di Orvieto had 54 branches in 2015.

In 2019, the bank was bailed out by the Italian state and in 2020 acquired by Banca del Mezzogiorno - MedioCredito Centrale. In 2023, the bank was renamed BdM Banca.

History

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Banca Popolare di Bari was found in 1960 as a cooperative bank. The bank absorbed Banca Popolare della Penisola Sorrentina (based in Sorrento Peninsula), Banca Popolare di Calabria (based in Calabria) in the early 2000s. In 2001 it acquired Nuova Banca Mediterranea, a major bank in Basilicata (with branches from Campania and Apulia also). In 2004 Banca Mediterranea was also absorbed into BP Bari.

In 2014 BP Bari contributed the capital increases of Banca Tercas, which was under special administration by the state. After the transactions Banca Tercas and its subsidiary Banca Caripe, the major saving banks in Abruzzo, became subsidiaries of BP Bari.

In 2016 BP Bari partnered with Aviva in bancassurance for 5-year.[2]

With the state guarantee (Garanzia sulla Cartolarizzazione delle Sofferenze) to senior tranche of the bad debt (Italian: sofferenze),[3] BP Bari securitizated €800 million gross book value of non-performing loan.[4] (in tranches of senior and junior loans) The bank also announced to absorb the two subsidiaries Tercas and Caripe, which only retained as brands.

On 1 June 2015 BP Bari received the assets and liabilities of Banca Popolare delle Province Calabre, which was in liquidation.[5]

In December 2019, the Italian government bailed out Banca Popolare di bari for €900 million.[6] In June 2020, Banco Popolare di Bari'shareholders approved a plan to restructure the bank by turning it into a joint stock company as well as injecting 933 million euros in new capital. This new capital was provided by state-owned Banca del Mezzogiorno - MedioCredito Centrale and Fondo Interbancario di Tutela dei Depositi (FITD), the italian public depositor protection fund.[7] In concrete terms, Mediocredito Centrale - Banca del Mezzogiorno acquired and took control of Banca Popolare di bari. In July 2023, Banca Popolare di bari was renamed as BdM Banca (the acronym BdM stands for Banca del Mezzogiorno).[8]

Shareholders

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As a Popular Bank, there was a cap on individual's stake in the bank. However, some notable institution also owned a minority share, such as Fondazione Banco di Napoli [it], the former owner (and banking foundation) of Banco di Napoli,[9] as well as Fondazione Pescara Abruzzo, the former owner of Banca Caripe.[10] Nuova Cassa di Risparmio di Ferrara (Nuova Carife) also owned 0.56151% shares, which was a relic of a cross-ownership between BP Bari and old Carife.[11]

See also

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References

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  1. ^ "2016 Bilancio" [2016 Annual Report] (PDF) (in Italian). Banca Popolare di Bari. 22 March 2017. Retrieved 10 April 2017.
  2. ^ "Aviva e Banca Popolare di Bari, al via la nuova partnership bancassurance" (in Italian). Banca Popolare di Bari. 26 January 2016. Retrieved 14 April 2016.
  3. ^ "GACS: soddisfazione per la prima operazione con garanzia pubblica, decisa da Banca Popolare di Bari" (in Italian). Ministry of Economy and Finance. 25 March 2016. Retrieved 7 April 2016.
  4. ^ "Banca Popolare di Bari - Azioni strategiche straordinarie e risultati bilancio consolidato 2015" (in Italian). Banca Popolare di Bari. 25 March 2016. Retrieved 7 April 2016.
  5. ^ "Banca Popolare delle Province Calabre: liquidazione coatta amministrativa" (in Italian). Bank of Italy. 2 June 2016. Retrieved 11 August 2016.
  6. ^ "Italy approves €900 million rescue for bank Popolare di Bari". 16 December 2019.
  7. ^ "Italy's Popolare di Bari approves transformation and cash call". 29 June 2020.
  8. ^ "Da 'Popolare' a 'Del Mezzogiorno', l'ex Bpb cambia nome e gli azionisti protestano: "Ancora una volta lasciati da parte"". 27 July 2023.
  9. ^ "2015 Bilancio" (PDF) (in Italian). Fondazione Banco di Napoli. 2016. Retrieved 20 August 2016.
  10. ^ "2016 Bilancio Consuntivo" (PDF) (in Italian). Fondazione Pescara Abruzzo. 27 April 2017. Retrieved 9 August 2017.
  11. ^ "2016 Bilancio consolidato" (in Italian). Nuova Carife. 19 May 2017. Retrieved 15 June 2017.[permanent dead link‍]
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