UBI Banca SpA reorganized its corporate ownership structure and as a consequence it also changed its distribution network, transitioning from market coverage by means of seven network banks - Banca Popolare di Bergamo, Banco di Brescia, Banca Regionale Europea, Banca Commercio e Industria, Banca di Valle Camonica, Banca Popolare di Ancona, Banca Carime - to direct management of business. This was achieved by merging these banks into UBI Banca, which operates as a single bank organised on the basis of five macro-geographical areas.
This reorganisation, named "Single Bank Project", constitutes a fundamental part of the Business Plan presented on 29th June 2016 and it was approved by the Extraordinary Shareholders' Meeting held on 14th October 2016.
On 21st November 2016, Banca Popolare Commercio e Industria Spa and Banca Regionale Europea Spa were merged by incorporation into UBI Banca Spa. On 20th February 2017, a second wave followed including Banca Popolare di Bergamo Spa, Banco di Brescia Spa, Banca di Valle Camonica Spa, Banca Popolare di Ancona Spa e Carime Spa.
On 10th May 2017 UBI Banca acquired Nuova Banca delle Marche, Nuova Banca dell’Etruria e del Lazio and Nuova Cassa di Risparmio di Chieti. The three banks were/will also be merged by incorporation into UBI Banca respectively on 23rd October 2017, on 27th November 2017 and in next February 2018, as approved on May 11, 2017 by the Supervisory Board of UBI Banca. This operation forms part of the natural continuation of the process to streamline the organisational structure of the UBI Banca Group originating from the conclusion of the “Single Bank” project.
Product companies operating in the financial and insurance sectors complete the range of products and services destined to Group customers, provided by the branch network, by advisors and agents and through digital channels.
The UBI Banca Group has also an International presence through foreign banks, foreign branches, representative offices and equity investments in foreign companies.