Banca delle Marche: A Look at the Bank's Troubled Past

Banca delle Marche has been through some tough times. The bank was placed under special administration in 2017 due to financial difficulties.

One of the main reasons for the bank's troubles was its high level of non-performing loans. By 2017, non-performing loans had risen to over 20% of the bank's total loans.

The bank's management had tried to address the issue, but it was too late. In 2017, the bank's shareholders were forced to inject fresh capital to prevent its collapse.

The Italian government stepped in to help, providing a rescue package to stabilize the bank.

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Banca delle Marche was founded in 1994 through the merger of two banks: Cassa di Risparmio della Provincia di Macerata and Cassa di Risparmio di Pesaro.

In 1995, Cassa di Risparmio di Jesi joined the bank. Cassa di Risparmio delle Provincie Lombarde, or Cariplo, was a minority shareholder of the bank for 5.13% in 1996.

Cariplo's stake was diluted to 4.60% in 2001, and the stake was sold to Banca Intesa, which later became Intesa Sanpaolo, for €45 million in 2002.

Banca delle Marche acquired a controlling interest in Cassa di Risparmio di Loreto and Mediocredito Fondiario Centroitalia in 1997.

The bank already had a market monopoly of 53.6% in the deposits of the Province of Macerata before the acquisition, which increased to 55.0% after the deal.

Sanpaolo IMI purchased 7% shares of the bank for €92.1 million in 2003.

The banking foundations had a put option to sell an additional 8% shares to Sanpaolo IMI, but they did not exercise it.

In 2007, the shares held by Sanpaolo IMI were transferred to Intesa Sanpaolo after a merger with Banca Intesa.

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Banca delle Marche's financial struggles led to a temporary suspension of its administration and control organs in August 2013, due to significant losses and irregularities.

The bank's first-half 2013 balance sheet showed a loss of 232 million euros, on top of a 526 million euro loss in 2012. This prompted the Bank of Italy to appoint Federico Terrinoni and Giuseppe Feliziani as temporary administrators.

The Ministry of Economy and Finance subsequently ordered the dissolution of the bank's administration and control organs, and placed it under extraordinary administration in October 2013. This was done to continue the recovery efforts started by the temporary administrators and to patrimonialize the bank by 400 million euros.

Banca delle Marche faced insolvency issues, with a loss of 232 million euros in the first half of 2013, following a 526 million euro loss in 2012.

The Bank of Italy suspended the bank's administration and control organs in August 2013 due to severe losses and administrative irregularities.

Commissars Federico Terrinoni and Giuseppe Feliziani were appointed to oversee the bank, taking office on August 30, 2013.

The Italian Ministry of Economy and Finance subsequently ordered the bank's dissolution and administration, with the aim of continuing the recovery process and patrimonializing the bank for 400 million euros.

A new committee was formed, with Terrinoni and Feliziani as commissars, and professors Giuseppe Guizzi, Matteo Rescigno, and Massimo Spisni as members of the surveillance committee.

The administration process was extended for two more months in October 2015, after the Interbank Deposit Guarantee Fund announced its intention to intervene in the bank's capital with a project to be drafted by the commissars.

The EU Court Ruling on Rescue Failure is a significant development in the field of insolvency and rescue. In 2017, the European Court of Justice ruled that a company's failure to rescue cannot be justified solely because it is facing financial difficulties.

The court's decision was based on the EU's Insolvency Regulation, which requires member states to prioritize the rescue of companies over liquidation. This ruling has far-reaching implications for companies facing financial distress.

Companies that are struggling financially must now demonstrate a genuine attempt to rescue themselves before being eligible for liquidation. This means that companies must explore all possible avenues for rescue, including debt restructuring and asset sales.

The EU Court Ruling on Rescue Failure has sparked debate among experts about the effectiveness of rescue measures in preventing company insolvency. Some argue that the ruling will lead to more companies being forced into liquidation.

Banca delle Marche is a cooperative bank founded in 1872 in Ascoli Piceno, Italy. It has a long history of serving the local community.

The bank is headquartered in Ascoli Piceno, with a strong presence in the Marche region. Its main goal is to support the local economy and provide financial services to individuals and businesses.

Banca delle Marche has a network of 22 branches across the Marche region, making it easily accessible to its customers. Its commitment to the local community has earned it a reputation as a reliable and trustworthy financial institution.

The bank's mission is to promote economic growth and development in the Marche region by providing innovative financial solutions.

Banca delle Marche has a diverse group of shareholders. The largest shareholder is Fondazione Cassa di Risparmio della Provincia di Macerata, holding 22.51% of the ordinary shares.

Fondazione Cassa di Risparmio di Pesaro also holds a significant stake, with 22.51% of the ordinary shares. This is not surprising, given that they are often found holding similar stakes in other companies.

Other notable shareholders include Fondazione Cassa di Risparmio di Jesi and Intesa Sanpaolo, with stakes of 10.78% and 5.84%, respectively.

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The Nuova Banca delle Marche S.p.A. has a capital social of 1,041 billion euros.

Its Core Tier 1 indicator is at 9%.

The bank is headquartered at the Banca d'Italia in Rome, at via Nazionale 91.

The Fondo di risoluzione fully owns the bank.

The bank has a president of the board of administration, Osvaldo Ranica, and an administrator, Alberto Pedroli.

Nuova Banca delle Marche S.p.A. and its subsidiaries were sold to UBI Banca S.p.A. for 1 euro on May 10, 2017.

The bank changed its social denomination to Banca Adriatica S.p.A. on September 7, 2017.

It was then merged with UBI Banca S.p.A. on October 23, 2017, along with its subsidiary CARILO.

The shareholders of the company have undergone significant changes over time. Fondazione Cassa di Risparmio della Provincia di Macerata and Fondazione Cassa di Risparmio di Pesaro have consistently held the largest stakes, with 21.83% and 21.83% respectively.

Fondazione Cassa di Risparmio di Jesi has also been a major shareholder, holding a stake of 10.45% in one instance. Other notable shareholders have included Aviva Italia Holding, Commercial Union Italia, and Banca Intesa.

Here's a breakdown of the top shareholders:

In some instances, Aviva Italia Holding has held a stake of 5.80%, while Aviva Italia has held a stake of 2.49%. The company has also had treasury shares, which have varied in percentage.