UBI Banca SpA is reorganising its corporate ownership structure and as a consequence it is also making changes to its distribution network, transitioning from market coverage by means of seven network banks to direct management of business. This is to be achieved by merging these banks into a single bank organised on the basis of five macro-geographical areas.
This reorganisation 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.
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.