Südtiroler Volksbank – Banca Popolare dell'Alto Adige

Volksbank – Banca Popolare
Native name

  • Südtiroler Volksbank Gen.aA
  • Banca Popolare dell'Alto Adige S.C.p.A.

Industry financial services
Predecessor
Founded 15 May 1992 (1992-05-15)
Headquarters Bolzano, South Tyrol, Italy
Number of locations
188 branches (2015)
Area served
North Eastern Italy (South Tyrol, Trentino, Veneto, Friuli)
Key people
  • Otmar Michaeler (chairman)
  • Johannes Schneebacher (general manager)
Services Retail and investment banking
Increase €22,367,508 (2015)
Total assets Increase €8,715,324,394 (2015)
Total equity Increase €777,153,444 (2015)
Capital ratio 11.15 % (CET1)
Website
Footnotes / references
2014 data excluding Banca Popolare di Marostica[1]

The South Tyrolian People's Bank (German: Südtiroler Volksbank, Italian: Banca Popolare dell'Alto Adige, known as Volksbank or Banca Popolare) is an Italian cooperative bank headquartered in Bolzano.

The bank was the second largest bank in Trentino – South Tyrol with a market share of 8.8%. After the merger with Banca Popolare di Marostica, it was expected that the bank was the seventh bank in Veneto with a market share of 3.2% and more specifically 6.2% in the Province of Vicenza as the 6th.[2] (Behind Intesa Sanpaolo, UniCredit, Banca MPS, Banco Popolare, BPVicenza, Veneto Banca in Veneto)

History

It was established in 1992 through the merger of two South Tyrolian cooperative banks, Volksbank Bozen – Banca Popolare di Bolzano from Bolzano (found 1902 as Spar-und Vorschußkasse für Handel und Gewerbe) and Volksbank Brixen – Banca Popolare di Bressanone (found 1889 as Spar-&Darlehenskassenverein für die Pfarrgemeinde Brixen) from Brixen. In 1995 it acquired another South Tyrolian cooperative bank Volksbank Meran – Banca Popolare di Merano (found 1886 as Gewerbliche Spar- und Vorschuss-Casse Meran reg.Gen.mbH) headquartered in Merano. The bank's primary markets are the two autonomous provinces of South Tyrol (63 branches) and Trentino (20 branches). In recent years it has been aggressively expanding into the neighboring Veneto region with 102 branches in 5 provinces (by absorbing Venetian banks Banca Popolare di Marostica[3] and its subsidiary Banca di Treviso). The bank also expanded its operations also to the Friuli sub-region in the Province of Pordenone.

References

  1. "2015 Progetto di Bilancio" (PDF) (in Italian). Südtiroler Volksbank. 4 April 2016.
  2. "Boards of Directors approve the planned merger of Banca Popolare di Marostica into Banca Popolare dell'Alto Adige, to be submitted to the respective Shareholders' Meetings" (PDF). Südtiroler Volksbank. 24 October 2014. Retrieved 6 April 2016.
  3. "Incorporazione di Banca Popolare di Marostica" (in Italian). Südtiroler Volksbank – Banca Popolare dell'Alto Adige. 16 January 2015. Retrieved 7 April 2015.

See also

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