Banca Tercas
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Native name
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Banca Tercas |
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Formerly called
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| Società per Azioni | |
| Industry | Financial services |
| Predecessor | |
| Successor | Fondazione Tercas (since 1992) |
| Founded |
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| Headquarters | 36 Corso San Giorgio, Teramo, Italy |
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Area served
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| Total assets | €2,869,047,253 (2014) |
| Total equity | €154,294,681 (2014) |
| Owner | Banca Popolare di Bari |
| Parent | Banca Popolare di Bari (100%) |
| Subsidiaries | Banca Caripe (99.979%) |
| Capital ratio | 7.025% (Tier 1) |
| Website | Official website (in Italian) |
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Footnotes / references Data in separate balance sheet |
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Banca Tercas is an Italian bank based in Teramo, Abruzzo. On 1 January 2011 the bank purchased Banca Caripe from Banco Popolare, which the bank group also referred as Tercas Caripe. However the bank was acquired by Banca Popolare di Bari in 2014, which in turn the bank became part of the BP Bari Group.
Cassa di Risparmio della Provincia di Teramo was found on 12 October 1939 (date of royal decree) by the merger of Casse di Risparmio di Atri and Nereto. On 24 June 1992, the bank was split into Tercas S.p.A. (limited company) and a banking foundation. The banking foundation owned 80% shares of Tercas, while Cariplo owned 20%. Cariplo also owned 20% of Carichieti and Caripe.
In October 2006 Banca Tercas S.p.A. was found with the foundation sold 15% shares to the public, as well as Banca Intesa retained their 20% shares. In 2007 Intesa Sanpaolo sold their 20% shares on Banca Tercas for €89 million to other investors. Creval was a minority shareholders of the bank for 7.8%.
On 1 January 2011 Banca Tercas acquired the controlling interests of Banca Caripe (95%) for €228 million from Banco Popolare.Fondazione Pescara Abruzzo, the banking foundation which originated from Caripe, owned 3.5% shares of Banca Tercas as well as 5% of Banca Caripe.
From 2012 to 30 September 2014, Banca Tercas was under administration. As at 31 December 2011, the bank had a shareholders equity of €339.098 million (in consolidated balance sheet), as well as Tier 1 capital ratio of just 5.82% (in Basel II basis). During the special administration, Fondo Interbancario di Tutela dei Depositi contributed €265 million to the bank.
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