Banca Popolare di Bari


Banca Popolare di Bari S.C.p.A. is an Italian bank based in Bari, Apulia region. The bank covers most of mainland Italy, except Piedmont and Liguria, and all the autonomous regions of Italy: Aosta Valley, Trentino – South Tyrol, Friuli – Venezia Giulia and the islands of Sardinia and Sicily.
As of 31 December 2016, BP Bari Group had 362 branches, with BP Bari itself having 308 branches in 11 regions. Subsidiary Cassa di Risparmio di Orvieto had 54 branches in 2015.

History

Banca Popolare di Bari was found in 1960 as a cooperative bank. The bank absorbed Banca Popolare della Penisola Sorrentina, Banca Popolare di Calabria in the early 2000s. In 2001 it acquired Nuova Banca Mediterranea, a major bank in Basilicata. In 2004 Banca Mediterranea was also absorbed into BP Bari.
In 2014 BP Bari contributed the capital increases of Banca Tercas, which was under special administration by the state. After the transactions Banca Tercas and its subsidiary Banca Caripe, the major saving banks in Abruzzo, became subsidiaries of BP Bari.
In 2016 BP Bari partnered with Aviva in bancassurance for 5-year.
With the state guarantee to senior tranche of the bad debt, BP Bari securitizated €800 million gross book value of non-performing loan. The bank also announced to absorb the two subsidiaries Tercas and Caripe, which only retained as brands.
On 1 June 2015 BP Bari received the assets and liabilities of Banca Popolare delle Province Calabre, which was in liquidation.

Shareholders

As a Popular Bank, there was a cap on individual's stake in the bank. However, some notable institution also owned a minority share, such as, the former owner of Banco di Napoli, as well as Fondazione Pescara Abruzzo, the former owner of Banca Caripe. Nuova Cassa di Risparmio di Ferrara also owned 0.56151% shares, which was a relic of a cross-ownership between BP Bari and old Carife.