UBI Banca Company Profile and Key Facts

UBI Banca is a leading Italian bank that has been around since 1872, making it one of the oldest banks in the country.

Founded by a group of merchants in the city of Piacenza, the bank has a rich history and has undergone significant transformations over the years.

Headquartered in Piacenza, UBI Banca serves over 2 million customers across Italy and has a network of over 1,000 branches.

It's a significant player in the Italian banking market, with a strong presence in the country's northern regions.

UBI Banca has a two-tier governance system with two boards, a supervisory board and a management board, as mandated by the Italian Civil Code.

The bank's governance structure is designed to provide a clear separation of powers and oversight.

The supervisory board is responsible for overseeing the bank's strategic direction and ensuring compliance with regulatory requirements.

The management board, on the other hand, is responsible for the day-to-day management of the bank.

Here is a list of the countries where UBI Banca is a member of the Euro Banking Association:

Some of UBI Banca's shareholders also signed shareholders' agreements, which represented 17.04% of the voting rights in 2016.

The group structure of UBI Banca S.p.A. is quite diverse, with several companies operating under its umbrella.

One of the companies is IWBank Private Investments, which specializes in managing individual and family investments. This company is part of the group's internet banking operations.

The group also has a service company called UBI Sistemi e Servizi (UBISS), which handles various administrative tasks.

The group has minority interests and joint ventures, which suggests that it has partnerships with other companies or organizations.

Here's a breakdown of the group's companies:

These companies provide a range of services, including financial management, investment banking, and factoring.

UBI Banca has a two-tier governance system, comprising a supervisory board and a management board.

The supervisory board and management board are established in accordance with the Italian Civil Code, specifically articles 2409g and following.

UBI Banca is a member of the Euro Banking Association, which brings together banks from across Europe.

Here is a list of the countries where UBI Banca's peers are members of the Euro Banking Association:

Some of the shareholders also signed shareholders' agreements, which represented 17.04% voting rights in 2016. This agreement made the syndicate the largest shareholder.

The syndicate was followed by Fondazione Cassa di Risparmio di Cuneo and Silchester International Investors. These three groups held significant voting power through their shareholders' agreement.

A notable example of the syndicate's influence was their 13.64% shareholding as of 14 March 2017. This was a substantial stake in the company.

The shareholders' agreement allowed these groups to work together and coordinate their efforts, giving them a strong voice in the company's governance.

UBI Banca was the main sponsor of football club Brescia Calcio, a role it held through its subsidiary Banco di Brescia.

The bank's sponsorship extended to the reserve team of Bergamo-based Atalanta B.C., where UBI Banca was the main sponsor.

UBI Banca also became the official bank of the whole Atalanta B.C. club.

The contract with Brescia was extended, and UBI Banca itself became the main sponsor of the club.

UBI Banca has a strong financial foundation, with a total asset value of €141.6 billion as of 2020.

The bank's financial stability is reflected in its credit ratings, with a long-term credit rating of A- from Standard & Poor's and a long-term credit rating of BBB+ from Fitch Ratings.

UBI Banca has a significant presence in Italy, with a network of over 1,600 branches across the country.

For another approach, see: Op Financial Group

Venture capital firms typically invest between $500,000 to $5 million in startups.

Angel investors often provide funding in exchange for a significant equity stake in the company.

Crowdfunding platforms can raise up to $5 million in a single campaign.

Early-stage startups can secure funding from incubators and accelerators, which provide resources and mentorship in addition to financial support.

Angel investors tend to invest in startups with a strong team and a proven market fit.

Sales by Activity is a crucial aspect of a company's financials. UBI Banca S.p.A.'s sales have declined over the years, with a significant drop in 2020.

Banking sales have decreased from $2.3 billion in 2018 to $1.82 billion in 2020. Parabanking sales have increased from $188 million in 2018 to $358 million in 2020. Insurance sales have remained relatively stable, ranging from $16.56 million to $17.84 million between 2018 and 2020.

The Corporate Center has seen a significant change in sales, with a decrease from $282 million in 2018 to -$531 million in 2020. This suggests a significant shift in the company's operations or strategy.

Here's a breakdown of UBI Banca S.p.A.'s sales by activity:

UBI Banca primarily operates retail banking, which accounts for almost three-quarters of its income.

The group had 1948 offices in Italy as of September 2017, with over half of them located in the Lombardy and Piedmont regions.

UBI Banca also has a significant presence in Southern Italy through its subsidiary Banca Carime, which operates around 254 offices in the Apulia, Calabria, Campania, and Basilicata regions.

The company owns 100% of the online bank IWBank.

Discover more: Central Bank of Italy

UBI Banca operates primarily in retail banking, which accounts for almost three-quarters of its income. The group has a significant presence in Italy, with 1948 offices across the country as of September 2017.

The majority of these offices, over half, are located in the Lombardy and Piedmont regions. UBI Banca's presence in these regions is a testament to its strong roots in the country.

The group also has a notable presence in southern Italy through its subsidiary Banca Carime, which operates around 254 offices in the regions of Apulia, Calabria, Campania, and Basilicata.

UBI Banca has a strong retail banking focus, with a significant portion of its operations concentrated in Italy. The group's retail banking operations are a key driver of its success.

Take a look at this: Banks in Italy List

The concept of a share offer has its roots in the 17th century, with the Dutch East India Company issuing the first public stock offering in 1602.

The Dutch East India Company's innovative approach to fundraising paved the way for modern share offerings, allowing companies to raise capital from a large number of investors.

In the 18th century, the British East India Company followed suit, issuing shares to the public in 1717.

This marked a significant shift towards democratizing investment opportunities.

The Industrial Revolution in the 19th century further accelerated the growth of share offerings, as companies like the British Railways and the London Stock Exchange were established.

By the early 20th century, share offerings had become a common practice, with companies like General Motors and Ford Motor Company issuing shares to the public.

The post-war period saw a significant increase in share offerings, as companies like IBM and Coca-Cola went public.

Today, share offerings remain a crucial source of funding for companies, with billions of dollars raised through initial public offerings (IPOs) each year.

UBI Banca has had a significant acquisition in its history. In 2020, Intesa Sanpaolo launched a voluntary public exchange offer for 4.9 billion euros towards UBI Banca, with a premium of 27.6% compared to the listing on the Stock Exchange.

The acquisition was successful, giving Intesa Sanpaolo access to three million UBI customers. This move allowed Intesa Sanpaolo to expand its customer base and increase its market share.

Here are some of UBI Banca's competitors and alternatives in the market:

In February 2021, UBI Banca made an investment in CPL CONCORDIA, a company founded in 1899 and located in Concordia Sulla Secchia, Italy.

UBI Banca has also made investments in Benvic, a French company founded in 1963 and based in Chevigny Saint Sauveur. This investment was made in October 2020.

A third investment was made in City Green Light, a company from Vicenza, Italy, which was founded in 1919.

Here are the details of UBI Banca's investments and acquisitions:

In the competitive world of commercial banking, UBI Banca faces stiff competition from various players. UniCredit, ranked 1st, is a commercial bank with a public listing in Milan, Italy. It has received funding from notable investors like Capital Group and Mubadala.

UniCredit is closely followed by Intesa Sanpaolo, another commercial bank with a public listing in Turin, Italy. It has raised funding from prominent investors such as Goldman Sachs and Morgan Stanley.

Scotiabank, a commercial bank with a public listing in Toronto, Canada, ranks 3rd. It has received funding from investors like Seaside Private Capital and Colpatria. Scotiabank's Tracxn score is 73/100.

Bank of America, a commercial bank and asset management firm with a public listing in Charlotte, United States, ranks 4th. It has received funding from notable investors like PSP Investments and Berkshire Hathaway. Bank of America's Tracxn score is 73/100.

Here's a list of the top 5 competitors and alternates to UBI Banca:

These competitors and alternates pose a significant challenge to UBI Banca's market share and growth prospects.

UBI Banca has a long history, dating back to 1823 when it was founded in the town of Bologna, Italy. The bank has undergone several mergers and acquisitions over the years, expanding its presence in Italy and beyond.

Consider reading: List of Banks in Italy

UBI Banca's network of branches is extensive, with over 1,600 locations across Italy and a presence in several other European countries. This makes it one of the largest banks in Italy.

The bank offers a wide range of financial products and services to its customers, including current accounts, savings accounts, loans, and credit cards. Its online banking platform allows customers to manage their accounts and make transactions from the comfort of their own homes.

UBI Banca's commitment to innovation is evident in its use of technology to improve customer experience and reduce costs.