Istituto Centrale delle Banche Popolari Italiane

ICBPI

Native name

Type

private Società per Azioni

Headquarters

18 Corso Europa, Milan, Italy (nominal)
57 Corso Sempione, Milan, Italy
110/D via Chianesi, Rome, Italy

Net income

€96.350 million (2014)

Total assets

€8.036 billion (2014)

Total equity

€927.757 million (2014)

Owner

Mercury UK Holdco	(89.07%)
Banco BPM	(2.5%)
Credito Valtellinese	(2.0%)
Banca Popolare di Sondrio	(2.0%)
BPER Banca	(1.5%)
others

Parent

Mercury UK Holdco Limited

Subsidiaries

CartaSi	(94.38%)
Unicard	(94.38%)
Oasi-Diagram	(100%)
Help Line	(70%)

Capital ratio

13.25% (CET1)

Website

icbpi.it

Istituto Centrale delle Banche Popolari Italiane S.p.A. (ICBPI) is an Italian bank that was specialize as a central institution of Italian People's Bank. (Italian: Banca Popolare). The bank now specialize in payment system such as CartaSi.

ICBPI was found by Banca Popolare di Cremona, Intra, Lecco, Lodi, Luino e Varese and Verona in 1939.

In 2015 the bank was acquired by a consortium of Bain Capital, Advent International and Clessidra SGR, which the investment managers incorporated a SPV "Mercury Bondco plc" to issue notes to raise debt, in order to lend to sister companies: Mercury A Capital Limited, Mercury B Capital Limited and Mercury ABC Capital Limited, the parent companies of Mercury UK Holdco Limited, which in turn the parent company of ICBPI.

In February 2017 ICPBI acquired the card business of Banca Monte dei Paschi di Siena for €520 million.

Credito Valtellinese (Creval) was the largest shareholders of the bank for 20.387% as at 1 January 2015.

On 18 December 2015, the shares held by Creval (18.39%), Banco Popolare (13.88%), Banca Popolare di Vicenza (9.99%), Veneto Banca (9.99%), Banca Popolare dell'Emilia Romagna (9.14%), ICCREA Holding (7.42%), Banca Popolare di Cividale (4.44%), UBI Banca (4.04%), Banca Popolare di Milano (4.00%), Banca Carige (2.20%), Banca Sella Holding (1.80%) and some minor banks, were sold to an intermediate holding company Mercury Italy S.r.l.. (an investment vehicle indirectly owned by funds advised by Bain Capital, Advent International and Clessidra SGR) On 29 December 2016, Mercury Italy was merged with ICBPI, which Mercury UK Holdco Limited (parent of Mercury Italy) became the new parent company of the bank.

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Wikipedia