Banco Popolare Siciliano

Banco Popolare Siciliano is a brand used by Banco Popolare in Sicily.

Banco Popolare Siciliano
Typebrand and internal division
Number of locations
over 120 branches (2016[1])
OwnerBanco Popolare (100%)
ParentBanco Popolare
WebsiteOfficial website

HistoryEdit

PredecessorsEdit

Banco Popolare Group had presented in Sicily since 1990s due to merger and acquisitions. According to Banca d'Italia data on 30 September 1999, Banca Popolare di Lodi (BPL) had 118 branches on the island, accounted for 7.3% of the total number of branches on the island. It was the second largest banking network in the island, behind Banco di Sicilia which had a 34% market share. The sum of 2nd to 6th largest banks on the island, was still smaller than Banco di Sicilia.[2]

In 2006, a year before the formation of Banco Popolare, Banco Popolare di Verona e Novara had 17 branches in the island, as well as more than 100 branches of Banca Popolare Italiana (ex-BPL). In 2007, the merger of BPVN and BPI made Banco Popolare had 143 branches in the island, which was increased to 145 in the next year. In the same year Banca Popolare di Novara transferred all its 18 branches to Banca Popolare di Lodi, which the subsidiary was specialized in Lombardy (part), Romagna and Sicily. In 2010 the branches was reduced to 127.

The creation of Banco Popolare SicilianoEdit

In 2011, BPV, BPL and BPN were ceased to be a company but a division of Banco Popolare. In 2012 the department Banco Popolare Siciliano was created and managed by the bank division of BPN.[3]

See alsoEdit

ReferencesEdit

  1. ^ "profilo" [profile] (in Italian). Banco Popolare. Retrieved 20 April 2016.
  2. ^ "Analyst Presentation: Acquisition of Mediocredito Centrale Group" (PDF). Banca di Roma. December 1999. Archived from the original (PDF) on 22 August 2003.
  3. ^ "2012 Relazione Finanziaria Annuale" (PDF) (in Italian). Banco Popolare. 10 April 2013. Retrieved 22 April 2016.

External linksEdit