UBI Banca

Unione di Banche Italiane S.p.A.
UBI Banca
Company typeSubsidiary
IndustryFinancial services
PredecessorBanche Popolari Unite
Founded1 April 2007 (2007-04-01)
Defunct12 April 2021 (2021-04-12)
FateAcquired by Intesa Sanpaolo
Headquarters
  • Bergamo, Italy (registered office)
  • Brescia, Italy (second office)
Number of locations
1,812 branches in Italy (June 2018)
Key people
Services
  • Retail banking
  • Corporate banking
  • Asset management
  • Leasing and factoring
€691 million (2017)
Total assets €127.37 billion (2017)
Total equity €9.23 billion (2017)
Number of employees
21,414 (2017)
ParentIntesa Sanpaolo
Capital ratio 11.56% (CET1)
RatingMoody's
Websiteubibanca.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, 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.