Banca Popolare di Novara

Banca Popolare di Novara was an Italian cooperative bank based in Novara, Pidemont. The bank was absorbed into parent company Banco Popolare in 2011. However, the bank still operates as a division and a brand of the group.

History

Banca Popolare di Novara società cooperativa a responsabilità limita (BPN s.c.r.l.; P.IVA 00109290031; ISIN: IT0000064508) was found in 1871.^[1] The bank was a minority shareholders of Mediocredito Piemontese,^[2] which was sold to UniCredit in 2001.

As at 31 December 2001, BPN had a total assets of €20,205,897,672, a net equity of €1,627,729,000 in the separate balance sheets.^[3]

In 2001 the bank was ranked the 18th by deposits (€14,743,042,000), comparing to the 13th by Banca Popolare di Verona – SGSP (€20,394,760,000).^[4]

BPVN era

In 2002 BPN was merged with Banca Popolare di Verona – Banco S. Geminiano e S. Prospero S.c.r.l. (BPV–SGSP),^[5] which the former BPN shareholders became the shareholders of a new company Banco Popolare di Verona e Novara S.c.r.l. (BPVN; P.I. 03231270236); the original bank network of BPN was re-incorporated as a new subsidiary as Banca Popolare di Novara S.p.A. (from limited partnership to limited company; P.I. 01848410039)

Banco Popolare era

In 2007 BPVN was merged with Banca Popolare di Lodi S.c.a.r.l.. Banco Popolare S.C. became the holding company instead. In 2008 the group remapped its branch network, which BPN was specialized in Piedmont, Apulia, Campania, Basilicata and Molise instead.

In 2011 the company was absorbed into Banco Popolare. However it retained as a division of the bank, which included Banco Popolare Siciliano which was transferred from BPL division, as well as Central-South Italy sub-division .

Sponsorship

The bank was a sponsor of Novara Calcio.

References

1. "La Storia" (in Italian). Banca Popolare di Novara. Retrieved 13 February 2016.
2. "2000 Bilancio" (PDF). Banca Popolare di Novara (in Italian). Borsa Italiana archive. 6 June 2001. Retrieved 10 March 2016.
3. "2001 Bilancio Individuale" (PDF) (in Italian). Banca Popolare di Novara. 2 May 2002. Archived from the original (PDF) on 29 May 2003.
4. page 270, "Le principali societa 2002" (PDF) (in Italian). Mediobanca. 2002. Retrieved 14 April 2016.
5. "Banco Popolare di Verona e Novara Merger and Industrial Plan Approved" (PDF). Banca Popolare di Novara / Banca Popolare di Verona – Banco S. Geminiano e S. Prospero. 26 January 2002. Archived from the original (PDF) on 22 May 2003. Retrieved 10 March 2016.

External links

• archive in Borsa Italiana (Italian)