June 28, 2017 8:35 AM ET

Banks

Company Overview of Banca Popolare di Vicenza S.p.A.

Company Overview

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

Italy

Founded in 1866

5,310 Employees

Phone:

39 0444 33 91 11

Fax:

39 0444 32 93 64

Key Executives for Banca Popolare di Vicenza S.p.A.

Managing Director
Age: 58
Financial Director
Head of Equity Investments Dept, Head of Financial Statements, Deputy GM and Vice Director
Head of Asset Liability
Head of Markets Division and Senior Deputy General Manager
Compensation as of Fiscal Year 2016.

Banca Popolare di Vicenza S.p.A. Key Developments

Intesa In Talks Over Buying Out Assets Of Veneto Banks

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

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.

Italy Banks Said In Talks With Authorities On Veneto Lenders Aid

Italy Banks are considering a request by the Italy’s government to contribute about €1.2 billion to the state-backed rescue of Banca Popolare di Vicenza S.p.A. and Veneto Banca s.c.p.a in order to avoid a costly resolution, according to people with knowledge of the matter. The Finance Ministry has intensified contacts with lenders including UniCredit S.p.A. (BIT:UCG) and Intesa Sanpaolo SpA after the European Commission refused to lower the amount of private funding required for the rescue of Banca Popolare di Vicenza S.p.A. and Veneto Banca s.c.p.a, said the people, who asked to not be named because the discussions are private. UniCredit Chief Executive Officer Jean Pierre Mustier is leading talks with European authorities and the Italian Treasury for the banks' possible contribution, one of the people said. The discussions are expected to intensify in the next few days, with a decision expected to be taken before June 21, 2017, the people said.

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
June 25, 2017
Banca Popolare di Vicenza S.p.A., Certain Assets and Liabilities
Merger/Acquisition
April 4, 2017
Remaining 60% Stakes in Berica Vita and Cattolica Life and ABC Assicura
 

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