Banca Marche | |
Formerly called
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Nuova Banca delle Marche |
Subsidiary of a listed company | |
Industry | Financial services |
Predecessor |
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Founded |
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Headquarters |
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Number of locations
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319 (2015) |
Area served
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Key people
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Services | Retail and corporate banking |
Profit | (€ (2016) 772 million) |
Total assets | €billion (2016) | 12.207
Total equity | € | 248 million (2016)
Owner | UBI Banca (100%) |
Number of employees
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2,604 (2015) |
Parent | UBI Banca |
Subsidiaries | Cassa di Risparmio di Loreto |
Capital ratio | 3.1118% (Group CET1, Dec.2016) |
Website | bancamarche.it |
Footnotes / references in consolidated financial statement |
Banca Adriatica S.p.A. formerly known as Nuova Banca delle Marche S.p.A. is an Italian bank based in Jesi, Marche region. It has operations in several regions in central Italy, but concentrated in Marche region. (72% of the branches) It was formed on 22 November 2015 by the spin off of the good assets of the original Banca delle Marche S.p.A.. The bank was bought by UBI Banca on 18 January 2017 for a nominal fee.
Banca delle Marche was founded in 1994 by the merging of two banks: Cassa di Risparmio della Provincia di Macerata and C.R. Pesaro; Cassa di Risparmio di Jesi joined in 1995. In 1990s Cassa di Risparmio delle Provincie Lombarde (Cariplo) was a minority shareholders of the bank for 5.13% (as in 1996), which Cariplo was a minority shareholders of CR Jesi; it was diluted to 4.60% in 2001, which was sold by Banca Intesa in 2002 to Banca delle Marche as treasury shares, for €45 million. In 1997 the bank acquired a controlling interests in Cassa di Risparmio di Loreto and Mediocredito Fondiario Centroitalia (Banca Marche owned 41.18% shares), the pro forma market share of the group in the loan of Marche region, was 26.7% (based on 1996 data), while before the acquisition, the bank already had a market monopoly of 53.6% in the deposits of the Province of Macerata (pro forma 55.0% after the acquisition), comparing to Banca Popolare di Ancona (14%), Banca di Roma (6.38%) and Banca Nazionale del Lavoro (5.60%). The pro forma market share of the deposits in the Province of Ancona was 32.3%, which ahead Banca Popolare di Ancona (13.03%), Unicredito (11.04%) and Banca di Roma (9.78%).
On 1 July 2003 Sanpaolo IMI purchased 7% shares of the bank for €92.1 million. The banking foundations also had a put option to sell an additional 8% shares to Sanpaolo IMI. However, the foundations did not excise the option. In 2007 the shares held by Sanpaolo IMI was transferred to Intesa Sanpaolo after the merger with Banca Intesa. Intesa Sanpaolo did not took part in the capital increase of Banca delle Marche in 2012.