Banca Agricola Popolare di Ragusa

Banca Agricola Popolare di Ragusa S.C.p.A. is an Italian cooperative bank based in Ragusa, Sicily.

Banca Agricola Popolare di Ragusa
Native name
Banca Agricola Popolare di Ragusa Società Cooperativa per Azioni
Co-operative
IndustryFinancial services
Founded1889
Headquarters65 Viale Europa,
Ragusa, Sicily
,
Italy
Number of locations
96 branches (2014)
Area served
  • 4 out of 9 provinces of Sicily
  • Enna, Sicily
  • Milan, Lombardy
Key people
  • Giovanni Cartia (chairman)
  • Giambattista Cartia (general manager)
ServicesRetail banking
€8.346 million (2014)
Total assets €4.639 billion (2014)
Total equity €747.045 million (2014)
Number of employees
900 (2014)
Capital ratio22.57% (CET1)
Websitewww.bapr.it
Footnotes / references
In consolidated financial statements[1]

The bank had 95 branches inside the island (33 in the Province of Ragusa; 32 in the Province of Catania; 18 in the Province of Siracusa; 11 in the Province of Messina and 1 in Enna, in the Province of Enna) The bank was absent in 4 other provinces in the island, plus one branch in mainland Italy in Milan.

History

In 1999 the bank was ranked 9th in terms of branches on the island (56 branches).[2] (behind Banco di Sicilia, Banca Popolare di Lodi, Banca Antonveneta, Banca Commerciale Italiana, Banca Monte dei Paschi di Siena, Banca Popolare Sant'Angelo, Credito Valtellinese and Credito Emiliano) The bank was only ahead Sanpaolo IMI which had 50 branches. After several merger and acquisitions, the aforementioned banks became part of the UniCredit, Banco BPM (as Banco Popolare Siciliano), Banca Monte dei Paschi di Siena, Intesa Sanpaolo (4 of out 5 largest banks of Italy), as well as Banca Carige (acquired 20 branches from Banco di Sicilia) Credito Valtellinese (as Credito Siciliano) and Credito Emiliano which also from the north. Banca Agricola Ragusa and Banca Popolare Sant'Angelo were one of the few surviving independent banks on the island .

In 2019 the shareholders of the bank had a disagreement with the managers of the bank. The dispute was settled by the intervention of the Ministry of Economy and Finance.[3] The bank also bought back the shares from the market in the same year.[4][5]

Equity interests
As of 31 December 2014
  • ARCA Vita (1.6940%)
  • ARCA SGR

See also

References
  1. "2014 Bilancio Consolidato" (PDF) (in Italian). Banca Agricola Popolare di Ragusa. 20 April 2015. Retrieved 4 April 2016.
  2. "Analyst Presentation: Acquisition of Mediocredito Centrale Group" (PDF). Banca di Roma. December 1999. Archived from the original (PDF) on 22 August 2003.
  3. "Verso soluzioni concrete dopo tavolo al MEF tra Banca Agricola Popolare di Ragusa e risparmiatori". radiortm.it (in Italian). 17 June 2019. Retrieved 5 December 2019.
  4. "Agricola Popolare di Ragusa, un giudice guiderà il Comitato degli azionisti". nuovosud.it (in Italian). 25 May 2019. Retrieved 5 December 2019.
  5. "La Banca Agricola di Ragusa mette 3 milioni per riacquisto azioni". Corriere di Ragusa (in Italian). 27 June 2019. Retrieved 5 December 2019.
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