Südtiroler Volksbank – Banca Popolare dell'Alto Adige explained

Volksbank – Banca Popolare
Location:Bolzano, South Tyrol, Italy
Num Locations: 184 branches
Num Locations Year:2016
Num Employees: 1,372
Num Employees Year:2016
Industry:financial services
Services:Retail and corporate banking
Net Income: €8 million
Net Income Year:2016
Assets: €9.316 billion
Assets Year:2016
Equity: €861 million
Equity Year:2016
Ratio: 11.72% (CET1)
Footnotes:source of data[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 bank headquartered in Bolzano. The bank originated as a cooperative bank, but demututalized in 2016.

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 in 2014, it was expected that the bank was the seventh bank in Veneto with a market share of 3.2% (behind Intesa Sanpaolo, UniCredit, Banca MPS, Banco Popolare, BPVicenza and Veneto Banca) and more specifically 6.2% in the Province of Vicenza as the 6th.[2] After the announcement of the proposed merger of BPVicenza and Veneto Banca in 2017, Volksbank – Banca Popolare increased in ranking in the Veneto region.

As of 31 December 2016, the bank had 79 branches in Trentino – South Tyrol, 102 branches in Veneto and three branches in Friuli (all in the Province of Pordenone).

History

It was established in 1992 through the merger of two South Tyrolian cooperative banks, Volksbank Bozen – Banca Popolare di Bolzano from Bolzano (founded 1902 as Spar-und Vorschuß-Casse für Handel und Gewerbe) and Volksbank Brixen – Banca Popolare di Bressanone (found 1889 as Spar-und Darlehenskassenverein für die Pfarrgemeinde Brixen) from Brixen. In 1995 it acquired another South Tyrolian cooperative bank Volksbank Meran – Banca Popolare di Merano (founded 1886 as Gewerbliche Spar- und Vorschuß-Casse) headquartered in Merano.[3] The bank's primary markets are the two autonomous provinces of South Tyrol (63 branches) and Trentino (20 branches), as of 2014. 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 in 2014[4] and its subsidiary Banca di Treviso). The bank has also expanded its operations to the Friuli sub-region in the Province of Pordenone. In addition to the province of origin, the bank is present in much of north-eastern Italy, particularly in the provinces of Trento, Belluno, Treviso, Vicenza, Padua, Venice, Udine, and Pordenone for a total (at the end of 2021) of 180 branches, over 1,300 collaborators and about 280,000 customers.[5]

Notes and References

  1. Web site: 2016 Bilancio. 5 April 2017. 10 April 2017. Banca Popolare – Volksbank. Italian.
  2. Web site: 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. 24 October 2014. 6 April 2016. Südtiroler Volksbank.
  3. Web site: Stories .
  4. News: Incorporazione di Banca Popolare di Marostica. 16 January 2015. 7 April 2015. Südtiroler Volksbank – Banca Popolare dell'Alto Adige. Italian.
  5. Web site: 2020-08-25 . Santo Stefano, La preoccupazione dei dirigenti della Volksbank per le r… . 2022-06-07 . archive.ph.