ⓘ Banca Nuova S.p.A. was an Italian bank headquartered in Palermo, Sicily island. The bank served the island mostly, with branches in Calabria region; It was a su ..

Banca Nuova

ⓘ Banca Nuova

Banca Nuova S.p.A. was an Italian bank headquartered in Palermo, Sicily island. The bank served the island mostly, with branches in Calabria region; It was a subsidiary of Banca Popolare di Vicenza, in turn owned by Atlante, a banking sector owned bail-out fund from 2016 to mid-2017. In June 2017 the bank was acquired by Intesa Sanpaolo by another government-funded bail-out, and a plan to absorb the bank was announced in October 2017.


1. History

The predecessors of the bank, Banca Nuova S.p.A. was a new company incorporated on 25 August 2000 in the Province of Treviso, and acquired 20 branches 19 in Calabria region and 1 in Rieti, Lazio region from Banca Intesa banking group from its subsidiaries Banca Carime and Cassa di Risparmio di Rieti respectively on 1 January 2001. In February 2002 it had 30 branches in the aforementioned area, as well as in Sicily Island, where the company was headquartered. The bank started to open branches on its own since 2000.


1.1. History Banca del Popolo – Banca Popolare 1883–2002

Banca del Popolo – Banca Popolare S.c. a r.l. was a cooperative bank founded in 1883 in Trapani. In 1996, it was exposed that one of the shareholder of the bank 8% of the share capital, Vincenzo Piazza, was linked to mafia.

In terms of branches, Banca del Popolo was not part of the top 10 on the island in 1999; However, the bank was a leader second inside the Province of Trapani for 12.06% market share in 1997, in terms of deposits Italian: raccolta.

The majority stake of the bank was acquired by BPVi circa 2000 and a "public offer to acquire" Italian: offerta pubblica di acquisto, OPA the remaining shares was started in late 2000 and completed in February 2001. After the acquisition, the bank was demutualized and became a società per azioni circa 2000-01.

The bank was merged with BPVis Banca Nuova network in July 2002, the legal person of Banca del Popolo was the surviving entity after the merger, but not the name.


1.2. History Banca Nuova 2002–2018

Since merger of Banca Nuova and Banca del Popolo, the bank grown its network by acquiring from other banking group, as well as opening new branches by the bank itself. In 2004, Banca Antoniana Popolare Veneta sold 30 branches to Banca Nuova.

A subsidiary later sister company, PrestiNuova S.p.A., was found in 2005. The company was specialized in secured loan by a fifth of salary. As of 31 December 2009, Banca Nuova owned 88.67% shares. The other shareholders at that time were parent company BPVi 6.34% and fellow Sicilian bank Banca Popolare SantAngelo 5%.

On 1 March 2011, the old legal person of Banca Nuova was replaced by another of the same name, the latter was incorporated on 31 August 2010. After the deal, PrestiNuova became a sister company of Banca Nuova, instead of a subsidiary, which BPVi owned 95% and reaching 100% of the shares in 2013.

Banca Nuova and its parent company BPVi suffered from capital shortfall in 2016). After the failure of the initial public offering of its shares since its became a società per azioni, the parent company was bail-out by its underwriter Atlante in mid-2016 for about €1.5 billion, which replaced UniCredit as underwriter.

As part of the scandal of the parent company BPVi in 2016–17, the bank was suffered from lawsuit regarding mis-selling of the shares of BPVi to the depositors of the bank, during the parent company was a cooperative Italian: società cooperativa per azioni.

After the financial condition of BPVi deteriorated further, it was declared by the European Central Bank the supervisor of BPVi that the banking group was insolvent in 2017. An Italian government funded bail-out of the depositors and bail-in of the investor of BPVi saw Intesa Sanpaolo, the second largest banking group of Italy by total assets, acquired most of the good assets and liabilities of BPVi, as well as Banca Nuova. However, it was also announced on 26 October, that the bank would be absorbed by Intesa Sanpaolo as branches, losing its brand and the separate incorporated status. The merger plan was approved by the board of directors of Intesa Sanpaolo on 5 February 2018.

A public version of a decision of the Italian Competition Authority, revealed that the bank as part of BPVi, had a market share, in term of deposits Italian: raccolta bancaria, 5–10% in the Province of Trapani, as well as 0–5% in other 8 provinces of Sicily before the merger; the same decision also revealed that BPVi through Banca Nuova and sister company had a market share, in term of lending to families Italian: impieghi bancari famiglie consumatrici), 10–20% in the Province of Trapani and 5–10% in the Provinces of Agrigento, Caltanissetta, Enna, Messina, Palermo and 0–5% in the Provinces of Catania, Ragusa and Syracuse Siracusa.

On 11 July 2017 it was also announced that Banca Nuova had sold back some of the non-performing loans back to BPVi which now acted as a bad bank.


2. Sister companies


PrestiNuova was a subsidiary of Banca Nuova but later a sister company. It specialized in consumer loan. As of 31 December 2016, the company had a CET1 capital ratio of 10.09%, total assets of €354 million and a net equity of €42 million. The remaining 5% shares of PrestiNuova was acquired from Banca Popolare SantAngelo in 2013, for about €1.9 million.


Banca Nuova also owned 30% shares of associate company FarmaNuova in 2009. The company was dedicated to pharmacies. FarmaNuova was absorbed by sister company FarBanca in 2012.

  • Banca Popolare di Sondrio acquisisce il 100 del capitale sociale di Banca della Nuova Terra PDF Press release Banca Popolare di Sondrio
  • Banca Popolare FriulAdria, a Friuli - based subsidiary of Credit Agricole Banca Popolare di Ancona, a Marche - based subsidiary of UBI Banca Nuova Banca delle
  • Banca Teatina S.p.A. formerly known as Nuova Cassa di Risparmio di Chieti S.p.A. was an Italian savings bank headquartered in Chieti Scalo, Chieti, Abruzzo
  • company BPER Banca 3 January 2017. Retrieved 19 January 2017. BPER Banca completes the acquisition of Nuova Carife Press release BPER Banca 30 June
  • ARCA SGR Banks portal Banca Nuova a subsidiary of Banca Popolare di Vicenza 2014 Bilancio Consolidato PDF in Italian Banca Agricola Popolare di
  • liquidated as a bad bank. Nevertheless, Nuova Carife was a short - lived bank, which was acquired by BPER Banca in 2017 from Italian Resolution Fund, becoming
  • 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
  • Banca submitted a binding bid of 1 to buy Nuova Banca delle Marche, Nuova Banca dell Etruria e del Lazio and Nuova Cassa di Risparmio di Chieti the three
  • Nuova Assicurazioni was created from Basilese Vita Nuova while in 2002 Carige Assicurazioni was founded from Levante Norditalia. In 2000 the Banca Carige

Users also searched: