Banca Apulia: A History of Trust and Growth

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Banca Apulia has a rich history that spans over a century, with its roots dating back to 1884. The bank's early beginnings were marked by a strong commitment to serving the local community.

Founded in Bari, Italy, Banca Apulia quickly established itself as a trusted financial institution, with a focus on supporting local businesses and individuals. This commitment to the community has remained a core part of the bank's mission to this day.

Throughout its history, Banca Apulia has undergone significant growth and development, with a strong emphasis on innovation and customer satisfaction. This focus on growth has enabled the bank to expand its services and reach a wider customer base.

Today, Banca Apulia is a leading financial institution in the region, with a reputation for trust and reliability.

Broaden your view: Central Bank of Italy

History of Banca Apulia

Banca Apulia was founded in Torremaggiore on 24 March 1924 under the name Banco di Torremaggiore.

The bank has undergone several name changes over the years, first to Banco di Torremaggiore e della Daunia spa, then to Banco di Torremaggiore e San Severo spa.

A fresh viewpoint: Banco BPM

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Felice Chiro' was chairman from 1966 to 1998, and he played a significant role in the bank's growth during that time.

The bank experienced significant growth from the 1980s to 2006 under the CEO Tommaso Gozzetti, who received an honorary degree from Foggia University for his efforts.

In 1985, the bank changed its name to Banca della Capitanata S.p.A. and laid the foundations for its regional growth.

The bank continued to grow and change, acquiring Banca Agricola Salentina in 1996 and changing its name to Banca Apulia S.p.A. with its registered office in San Severo.

In 2005, the bank had a market share of lending in Apulia for 5.47%, primary direct deposits for 4.42%, and 2.32% in terms of branches, according to Banca d'Italia.

The bank was controlled by Finanziaria Capitanata, which held a 52.54% stake in the bank, until 2010.

On 13 January 2010, Veneto Banca acquired a 42.394% stake in the bank from Finanziaria Capitanata and other shareholders.

By mid-2010, Veneto Banca owned 50.787% of the bank, which increased to 63.747% in 2011 and 70.105% in 2012.

Worth a look: Veneto Banca

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In 2012, Veneto Banca and Banca Apulia purchased the minority stake of Apulia Prontoprestito, a subsidiary of Banca Apulia, from HDI Assicurazioni and other shareholders.

On 26 June 2017, Intesa Sanpaolo acquired some good assets of Veneto Banca as well as Banca Apulia, as part of a government-funded bail-out of depositors and bail-in of investors.

In January 2019, Intesa Sanpaolo deposited a plan of merger by incorporation of Banca Apulia into the company.

Take a look at this: Banca Intesa San Paolo Imi

Risarcimento and Savings

Banca Apulia offers a range of savings solutions designed to help you achieve your financial goals.

With a Savings Account, you can deposit and withdraw funds as needed, while earning interest on your balance. Banca Apulia's Savings Account requires a minimum deposit of €1,000 to open.

The bank's Savings Account also offers a competitive interest rate, currently at 0.5% per annum. This means you can earn interest on your savings without having to take on any additional risk.

Banca Apulia's Savings Account is available to individuals and businesses, making it a versatile option for those looking to save.

Frequently Asked Questions

What does Banca mean in Italy?

In Italy, "Banca" refers to a financial institution that provides banking services. It's the Italian word for bank, encompassing various financial services and institutions.

Is Apulia and Puglia the same?

Yes, Apulia and Puglia refer to the same region in Italy. Both names are used, with "Apulia" commonly used in English and "Puglia" preferred by locals and used within Italy.

Elena Feeney-Jacobs

Junior Writer

Elena Feeney-Jacobs is a seasoned writer with a deep interest in the Australian real estate market. Her insightful articles have shed light on the operations of major real estate companies and investment trusts, providing readers with a comprehensive understanding of the industry. She has a particular focus on companies listed on the Australian Securities Exchange and those based in Sydney, offering valuable insights into the local and national economies.

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