Banca Popolare Sant'Angelo
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Native name
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Banca Popolare Sant'Angelo S.C.p.A. |
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Formerly called
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Unione Economica Popolare |
| Società Cooperativa per Azioni | |
| Industry | Financial services |
| Founded | 29 January 1920 |
| Founder | Angelo Curella |
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Number of locations
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Area served
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Key people
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| Services | Retail, private and corporate banking |
| Profit |
 €6,239,560 (2014) |
| Total assets |
€1,111,640,116 (2014) |
| Total equity |
€122,143,828 (2014) |
| Owner | 7,343 individuals (2015) |
| Capital ratio | 11.93% (CET1) |
| Website | Official website (in Italian) |
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Footnotes / references source |
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Banca Popolare Sant'Angelo S.C.p.A. is an Italian cooperative bank based in Licata and Palermo, the capital of Sicily. The bank also had one branch in Lampedusa, the south most island of Italy.
The chairman of the board of directors of the bank was Nicolò Curella, who died in 2015.
Banca Popolare Sant'Angelo was found in 1920 as Unione Economica Popolare. The bank absorbed Banca Popolare di Mussomeli in 1984, Banca Popolare di Palermo in 1989 and Nuova Banca del Monte Sant'Agata in 1994. Moreover, BP Sant'Angelo increased its stake in the finance leasing company Leasingroup Sicilia.
According to Banca d'Italia, in 1999 BP St.Angelo Group was ranked the 6th largest bank on Sicily in terms of branches (82 branches), behind Banco di Sicilia, Banca Popolare di Lodi, Banca Antonveneta, Banca Commerciale Italiana and Banca Monte dei Paschi di Siena (BMPS). In 1997, the bank was ranked 9th (2.79%) in terms of deposits in the whole region, which ranked 4th in the Province of Agrigento (8.92%) and in the Province of Caltanissetta (8.27%), behind Banco di Sicilia, BMPS, BCC G.Toniolo di San Cataldo (Caltanissetta only) and Sanpaolo (Agrigento only).
In 2000 the bank signed a bancassurance partnership with Cattolica Assicurazioni. The insurer also owned an equity interests in BP St.Angelo (0.42% in 2012). The current partner of the bank in bancassurance was Arca Vita, a subsidiary of Unipol. BP St.Angelo also sold an equity stake (1.1368%) of Arca Assicurazioni to Arca Vita in 2010.
In 2001 Banca Popolare Sant'Angelo sold the significant interests (44.86% stake) in Banca Regionale Sant'Angelo (ex-Nuova Banca del Monte Sant'Agata, which the group injected assets to the subsidiary on 1 January 2001. Branches increased from 5 to 56) to Credito Artigiano (a subsidiary of Credito Valtellinese). Banca Regionale Sant'Angelo also controlled Leasingroup Sicilia (69.315% stake). Banca Regionale Sant'Angelo and Leasingroup Sicilia became part of Credito Siciliano in 2002.
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