UBI Banca

Unione di Banche Italiane S.p.A.
Trade name	UBI Banca
Company type	Subsidiary
Industry	Financial services
Predecessor	Banche Popolari Unite
Founded	1 April 2007
Defunct	12 April 2021
Fate	Acquired by Intesa Sanpaolo
Headquarters	Bergamo, Italy (registered office); Brescia, Italy (second office);
Number of locations	1,812 branches in Italy (June 2018)
Key people	Andrea Moltrasio (chairman of supervisory board); Letizia Moratti (chairwoman of management board); Victor Massiah (CEO);
Services	Retail banking; Corporate banking; Asset management; Leasing and factoring;
Net income	€691 million (2017)
Total assets	€127.37 billion (2017)
Total equity	€9.23 billion (2017)
Number of employees	21,414 (2017)
Parent	Intesa Sanpaolo
Capital ratio	11.56% (CET1)
Rating	Moody's
Website	ubibanca.it
	Footnotes / references; UBI Banca's 2017 consolidated financial statement

Unione di Banche Italiane S.p.A., commonly known for its trading name UBI Banca,^[2] was an Italian banking group, the fifth largest in Italy by number of branches. It was formed on 1 April 2007 from the merger of the Banche Popolari Unite (trading as BPU Banca) and Banca Lombarda e Piemontese banking groups.

UBI Banca shares were listed on the Borsa Italiana and included in the FTSE MIB (the blue chip index) until it was taken over by its larger Italian rival Intesa Sanpaolo in September 2020.^[3]^[4]

^ "2017 Consolidated Financial Report" (PDF). UBI Banca. 2018. Archived from the original (PDF) on 4 September 2018. Retrieved 4 September 2018.
^ Sanderson, Rachel (13 January 2017). "UBI Banca offers just €1 to buy 3 rescued Italian banks". Financial Times. Retrieved 19 February 2018.
^ Il Sole 24 ore. Ubi diventa di Intesa Sanpaolo: le adesioni all’Ops volano al 72%.
^ "Intesa conquista Ubi con il pieno di adesioni. Messina: "Tutti vincitori"".

[1] "2017 Consolidated Financial Report" (PDF). UBI Banca. 2018. Archived from the original (PDF) on 4 September 2018. Retrieved 4 September 2018.

[2017bid-2] Sanderson, Rachel (13 January 2017). "UBI Banca offers just €1 to buy 3 rescued Italian banks". Financial Times. Retrieved 19 February 2018.

[3] Il Sole 24 ore. Ubi diventa di Intesa Sanpaolo: le adesioni all’Ops volano al 72%.

[4] "Intesa conquista Ubi con il pieno di adesioni. Messina: "Tutti vincitori"".

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