Bipop Carire

Bipop Carire
Native name
 Bipop Carire S.p.A.
Società per Azioni
Industry Financial services
Fate absorbed by UniCredit
Predecessor
Successor various divisions of UniCredit
Founded 1999
Defunct 2008
Headquarters 26 via Sorbanella, Brescia, Italy
Number of locations
 Decrease 322 branches (2007)
Key people
  • Francesco Spinelli (chairman)
  • Rodolfo Ortolani (CEO)
Services Retail and corporate banking
Profit Decrease (€44,708,006) (2007)
Total assets Increase €13,346,383,467 (2007)
Total equity Decrease €884,474,431 (2007)
Owner
  • Capitalia (100% until mid-2007)
  • UniCredit (2007–08)
Number of employees
 Increase 2,815 (2007 average)
Parent
  • Capitalia (until mid-2007)
  • UniCredit (2007–08)
Capital ratio Decrease 7.696% (Tier 1)
Website Official website
Footnotes / references
2007 data[1]

Bipop Carire S.p.A. was an Italian bank group based in Brescia, Lombardy. The group became part of Capitalia in 2002. Capitalia became part of UniCredit in 2007,[2] which Bipop Carire was absorbed by the parent company in 2008.

Fineco was a subsidiary of the group.

History

Bipop–Carire was a merger of Cassa di Risparmio di Reggio Emilia (Carire, found 1494[3]) and Banca Popolare di Brescia (Bipop, found 1983 by the merger of Banca Popolare di Lumezzane and Banca Popolare di Palazzolo) in 1999. It was listed in Borsa Italiana (Milan Stock Exchange). However the group was suffered from false account scandal in 2001,[4] which the group was then merged with Banca di Roma to form Capitalia in 2002.[5]

4 branches were sold to Banca Carige in 2008, after Capitalia was merged with UniCredit.[6] The rest of the retail branches was received by the sister company UniCredit Banca (Northern Italy) and Banca di Roma (Central-South Italy).

Sponsorship

The group was a sponsor of Pallacanestro Reggiana.

References

  1. ↑ "2007 Bilancio" (PDF). Bipop Carire (in Italian). Borsa Italiana archive. 30 March 2007. Retrieved 16 April 2016.
  2. ↑ "Merger of UniCredit and Capitalia". UniCredit. 20 May 2007. Retrieved 12 April 2015.
  3. ↑ Di Rosanna, Cafaro (21 June 2004). "Il caso Bipop-Carire. La banca ha l’obbligo di esibire la documentazione relativa alle operazioni di investimento" (in Italian). Retrieved 12 April 2015.
  4. ↑ Jacchia, Antonia (12 January 2005). "Bipop, risparmiatori all' attacco". Corriere della Sera (in Italian). Retrieved 12 April 2015.
  5. ↑ "Banca di Roma and Bipop-Carire Agree to Long-Expected Merger". Wall Street Journal. 4 March 2002. Retrieved 12 April 2015.
  6. ↑ "Trasferimento del ramo d'azienda consistente in n°38 sportelli dalle banche del Gruppo UniCredit" (PDF) (in Italian). UniCredit / Banca Carige. 2 October 2008. Retrieved 14 April 2016.

Further reading

External links

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