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Last update on 09/08/2017 10:36:08

   
 

 

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Structure of the Group

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 an 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 10 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 will also be merged by incorporation into UBI Banca respectively in October 2017, November 2017 and 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.

 

 






UBI Banca S.p.A.
Network
banks
Banca Popolare di Bergamo Spa (1)
100%
Banco di Brescia Spa (1)
100%
Banca Popolare di Ancona Spa (1)
99.59%
Banca Carime Spa (1)
99.99%
Banca di Valle Camonica Spa (1)
98.73%
Other banks
IW Bank Spa
100%
UBI Banca International Sa Lussemburgo (2)
100%
FINANCIAL COMPANIES
UBI Leasing Spa
99.62%
UBI Factor Spa
100%
Prestitalia Spa
100%
INSURANCE
Aviva Vita Spa
20%
Lombarda Vita Spa
40%
asset
management and
trust services
UBI Pramerica SGR Spa
65%
UBI Management Company Sa Lussemburgo
100%
UBI Trustee Sa
Lussemburgo
100%
Zhong Ou Asset
Management Co. Ltd Cina (3)
35%
OTHER
BPB Immobiliare Srl
100%
Kedomus Srl
100%
UBI Sistemi e Servizi SCpA (4)
98.56%
UBI Academy SCRL
100%
  Fully Consolidated Companies
  Companies Consolidated Using Equity Method
(1) On 14th October 2016, an Extraordinary Shareholders' Meeting of UBI Banca approved the merger by incorporation of the Network Banks into the Parent.
(2) On the basis of the agreement signed on 28th April 2016, the disposal is expected to be concluded once the preparatory activities for the disposal are completed and therefore not before the end of the second quarter 2017.
(3) In June 2015 one third of the stake held was classified within assets held for disposal in accordance with IFRS 5.
(4) The remaining 1.44% is held by Cargeas Assicurazioni Spa (the former UBI Assicurazioni Spa).

The percentages relate to the total interests held (direct and indirect) by the Group in the entire share/quota capital.