UBI Banca
Italian banking group / From Wikipedia, the free encyclopedia
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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.
Quick Facts Trade name, Company type ...
UBI Banca | |
Company type | Subsidiary |
Industry | Financial services |
Predecessor | Banche Popolari Unite |
Founded | 1 April 2007; 17 years ago (2007-04-01) |
Defunct | 12 April 2021; 3 years ago (2021-04-12) |
Fate | Acquired by Intesa Sanpaolo |
Headquarters |
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Number of locations | 1,812 branches in Italy (June 2018) |
Key people |
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Services |
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€691 million (2017) | |
Total assets | €127.37 billion (2017) |
Total equity | €9.23 billion (2017) |
Number of employees | 21,414 (2017) |
Parent | Intesa Sanpaolo |
Capital ratio | 11.56% (CET1) |
Rating | Moody's |
Website | ubibanca |
Footnotes / references UBI Banca's 2017 consolidated financial statement[1] |
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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]