Bipop Carire

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Bipop Carire S.p.A.
TypeSubsidiary of a listed company
IndustryFinancial services
Predecessor
Founded1999
Defunct2008
Fateabsorbed by UniCredit
Successorvarious divisions of UniCredit
Headquarters26 via Sorbanella,
Brescia
,
Italy
Number of locations
Decrease 322 branches (2007)
Key people
ServicesRetail and corporate banking
Decrease (€44,708,006) (2007)
Total assetsIncrease €13,346,383,467 (2007)
Total equityDecrease €884,474,431 (2007)
Owner
  • Capitalia (100% until mid-2007)
  • UniCredit (2007–08)
Number of employees
Increase 2,815 (2007 average)
Parent
  • Capitalia (until mid-2007)
  • UniCredit (2007–08)
SubsidiariesFineco
Capital ratioDecrease 7.696% (Tier 1)
Websitewww.bipop.it
Footnotes / references
2007 data[1]

Bipop Carire S.p.A. was an Italian banking group based in Brescia, Lombardy. The group became part of Capitalia in 2002. Capitalia itself became part of UniCredit in 2007,[2] which the brand Bipop Carire was absorbed into UniCredit in 2008. Bipop Carire was formed as a merger of Banca Popolare di Brescia (Bipop) and Cassa di Risparmio di Reggio Emilia (Carire) in 1999.

Fineco was a subsidiary of the group.

History[]

Bipop–Carire was a merger of Cassa di Risparmio di Reggio Emilia (Carire, found 1494[3]) and Banca Popolare di Brescia (Bipop, found 1983 by the merger of and ) in 1999. It was listed in Borsa Italiana (Milan Stock Exchange). However the group was suffered from false account scandal in 2001,[4] which the group was then merged with Banca di Roma to form Capitalia in 2002.[5] After the merger, Bipop Carire still operated as a brand and division of Capitalia.

However, in 2008 Capitalia was acquired by UniCredit and the banking group ceased to use the brand Bipop-Carire. 4 former Bipop-Carire branches were sold to fellow Italian bank Banca Carige.[6] The rest of the retail branches was received by the sister company UniCredit Banca (Northern Italy) and Banca di Roma (Central-South Italy).

Sponsorship[]

The group was a sponsor of Pallacanestro Reggiana.

References[]

  1. ^ "2007 Bilancio" (PDF) (in Italian). Bipop Carire. 30 March 2007. Retrieved 16 April 2016 – via Borsa Italiana.[dead link]
  2. ^ "Merger of UniCredit and Capitalia". UniCredit. 20 May 2007. Archived from the original on 12 April 2015. Retrieved 12 April 2015.
  3. ^ Di Rosanna, Cafaro (21 June 2004). "Il caso Bipop-Carire. La banca ha l'obbligo di esibire la documentazione relativa alle operazioni di investimento" (in Italian). Retrieved 12 April 2015.
  4. ^ Jacchia, Antonia (12 January 2005). "Bipop, risparmiatori all' attacco". Corriere della Sera (in Italian). Retrieved 12 April 2015.
  5. ^ "Banca di Roma and Bipop-Carire Agree to Long-Expected Merger". Wall Street Journal. 4 March 2002. Retrieved 12 April 2015.
  6. ^ "Trasferimento del ramo d'azienda consistente in n°38 sportelli dalle banche del Gruppo UniCredit" (PDF) (in Italian). UniCredit / Banca Carige. 2 October 2008. Retrieved 14 April 2016.

Further reading[]

External links[]


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