Company Overview of Banca Popolare di Vicenza S.p.A.
Banca Popolare di Vicenza S.p.A., together with its subsidiaries, provides banking products and services primarily in Italy. The company offers current accounts, demand deposits, time deposits, repurchase agreements, bonds, certificates of deposit and other securities, restricted and unrestricted deposits, and other payables. It also provides mortgage loans; various other loans; consumer loans; lending services secured against one-fifth of salary/pension; loans that are repaid through withholdings from salaries to public sector employees; debt securities; debit and credit cards; Internet banking and mobile banking services; and payment services. In addition, the company is involved in the pr...
Via Battalion. Framarin, 18
Vicenza, VI 36100
Founded in 1866
Key Executives for Banca Popolare di Vicenza S.p.A.
Head of Equity Investments Dept, Head of Financial Statements, Deputy GM and Vice Director
Head of Markets Division and Senior Deputy General Manager
Compensation as of Fiscal Year 2017.
Banca Popolare di Vicenza S.p.A. Key Developments
Veneto Banca and Banca Popolare di Vicenza to Cut 3,900 Jobs
Jun 26 17
Intesa Sanpaolo announced that it will cut thousands of jobs at two failed banks that it has agreed to take over. At Veneto Banca and Banca Popolare di Vicenza - the two banks Intesa bought for a token amount of EUR 1-3,900 of a total 10,800 employees will leave the company. Of the banks' 960 branches, 600 will be closed. Intesa agreed to buy assets and liabilities of the two troubled regional banks, but only if it didn't have to take on the banks' poorly performing loans, subordinated bonds and other troublesome assets. Under the plan, the banks' toxic assets and liabilities will be funnelled into a separate financial institution financed by the Italian government. As part of the deal, Intesa will receive EUR 5.2 billion to cover costs such as severance packages for departing employees, while Italian taxpayers will set aside an additional EUR 12 billion for the toxic assets.
Intesa In Talks Over Buying Out Assets Of Veneto Banks
Jun 20 17
Intesa Sanpaolo S.p.A. (BIT:ISP) is in talks with the Italian government and EU regulators about taking control of the good assets of two struggling lenders in the Veneto region, as Rome seeks to head off a renewal of panic about the solidity of its banking system. The talks come as bankers warn the two lenders, Banca Popolare di Vicenza S.p.A. and Veneto Banca s.c.p.a., risk entering a procedure by the end of this month which would see them ultimately being wound down, according to people briefed on the discussions.
Intesa Sanpaolo May Reportedly Join Consortium For Rescuing Ailing Venetian Banks
Jun 14 17
The Board of Intesa Sanpaolo S.p.A. (BIT:ISP) was reportedly said to be meeting to discuss joining a consortium of Italian lenders to stump up €1.2 billion to help rescue Banca Popolare di Vicenza S.p.A. and Veneto Banca s.c.p.a. Italian Finance Minister Pier Carlo Padoan expressed optimism June 13 about finding a solution to rescue ailing Veneto Banca SpA and Banca Popolare di Vicenza SpA, as the board of Intesa Sanpaolo SpA was said to be meeting to discuss joining a consortium of Italian lenders preparing to help foot the bill. Padoan said in a statement released by the Italian treasury that a "solution" to the issue was close and that talks with the EU on meeting its demands for permitting state aid had been "encouraging," the Financial Times reported the same day. The banks have been ordered by European authorities to find 1.2 billion of private capital before they can receive a so-called precautionary recapitalization funded by the state ahead of a planned merger.
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