January 22, 2018 4:21 AM ET

Banks

Company Overview of BANCA UBAE S.p.A.

Company Overview

BANCA UBAE S.p.A. offers banking services in Europe, the Mediterranean, North Africa, and the Middle East. The company offers trade finance, including opening and confirmation of export/import letters of credit (L/C), issuance and acceptance of contractual and financial guarantees/stand-by L/Cs, post financing, pre-export/import financing, export financing, forfaiting, and oil-related financings; and treasury management, derivatives, foreign exchange, and capital market services, as well as financial brokerage services. It also involves in the arrangement and distribution of, or participation in syndicated trade facilities, including export credits, commercial loans, pre-export financings, i...

Via Quintino Sella, 2

Rome, RM 00187

Italy

Founded in 1972

Phone:

39 06 423771

Fax:

39 064 204641

Key Executives for BANCA UBAE S.p.A.

Assistant General Manager
General Manager
Deputy General Manager
Assistant General Manager
Compensation as of Fiscal Year 2017.

BANCA UBAE S.p.A. Key Developments

Bank Markazi Files Complaint against Clearstream Banking S.A. and Banca UBAE S.P.A

Bank Markazi filed complaint against Deutsche Börse AG subsidiary Clearstream. In the context of the ongoing disputes regarding assets of the Central Bank of Iran, Clearstream Banking S.A. was served with a complaint of Bank Markazi naming Banca UBAE S.P.A. (UBAE) and Clearstream as defendants. The complaint filed before the Luxembourg courts primarily seeks the restitution of assets of Bank Markazi which the complaint alleges are held on accounts of UBAE and Bank Markazi with Clearstream totaling approximately USD 4.9 billion plus interest. Alternatively, Bank Markazi seeks damages in the same amount. The assets sought include assets in the amount of approximately USD 1.9 billion that were turned over to US plaintiffs pursuant to a 2013 binding and enforceable US court order in a proceeding to which Bank Markazi was a party. The claim also addresses customer assets of approximately USD 2 billion, which include assets that are held at Clearstream and which are currently subject to US and Luxembourg litigation brought by US plaintiffs, and addresses assets that were previously transferred out of Clearstream to UBAE. Clearstream believes the complaint against it to be without merit. Clearstream will take all necessary and appropriate measures to vigorously contest the claims.

Recent Private Companies Transactions

Type
Date
Target
No transactions available in the past 12 months.
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