Banca Popolare di Cividale
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Native name
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Banca Popolare di Cividale S.C.p.A. |
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| Società Cooperativa per Azioni | |
| Industry | Financial services |
| Founded | 1886 |
| Headquarters | 8/1 via Sen. Guglielmo Pelizzo, Cividale del Friuli, Italy |
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Number of locations
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75 branches (2014) |
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Area served
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| Services | Retail and corporate banking |
 €10.065 million (2014) |
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| Total assets |
 €4.229 billion (2014) |
| Total equity |
€276.177 million (2014) |
| Owner |
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| Subsidiaries | Civileasing (100%) |
| Capital ratio | 10.04% (CET1) |
| Website | Official website |
Banca Popolare di Cividale is an Italian cooperative bank based in Cividale del Friuli, Friuli - Venezia Giulia.
Banca Popolare di Cividale società cooperativa a responsabilità limitata was found in 1886. In 2000 the bank acquired the controlling interests of Banca Agricola di Gorizia from Cardine Banca and minority shareholders (80%).
In 2000 a joint venture Banca di Cividale S.p.A., was formed by BP Cividale and Deutsche Bank S.p.A., the Italian subsidiary of Deutsche Bank A.G., in a 70-30 ratio. BP Cividale became a holding company instead. However, Deutsche Bank sold 20% shares back to BP Cividale in 2002.
In 2002 BP Cividale sold 10% shares of Banca di Cividale to Cattolica Assicurazioni for €19.625 million, which the insurance company sold products in the network of Banca di Cividale. In 2003 Deutsche Bank, sold the remaining 10% shares back to BP Cividale for €16,093,728. In 2004, Banca di Cividale issued 2.4 million new shares to Credito Valtellinese, which equivalent to 22.22% shares capital of the bank (increased to 25% in 2005); BP Cividale acquired a minority interests in Banca dell'Artigianato e dell'Industria for 4.58% (increased to 9.864% in 2005); While Cattolica Assicurazioni's ownership on the bank was diluted to 7.78%. In the same year Banca di Cividale acquired a minority interests (4.3%) in Banka për Biznes, a Kosovar bank.
In 2005 BP Cividale was changed from S.c.a r.l. to Società Cooperativa per Azioni. In the same year Banca di Cividale acquired 5.5% shares of Deželna Banka Slovenije. BP Cividale also bought back 7.78% shares of Banca di Cividale from Cattolica Assicurazioni for €20.7 million in 2006, which the partnership would also ended on 31 December 2007.
In 2011 BP Cividale sold the shares of Banca dell'Artigianato e dell'Industria to Credito Valtellinese, at the same time the holding acquired 5% shares of Banca di Cividale from Credito Valtellinese. In 2013 Banca di Cividale was merged back to BP Cividale (along with NordEst Banca). The 20% shares of Banca di Cividale was bought for €69,574,863.5 cash and 169,277 number of shares of BP Cividale (for €4,147,286.50), equivalent to 1% share capital of BP Cividale. Credito Valtellinese also lent €15 million (as subordinated loan) to BP Cividale as part of agreement.
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