Cassa di Risparmio di Biella e Vercelli

Italian bank

1856 (C.R. Biella)
1994 (BiverBanca)

Headquarters15 Via Carso,

Biella

Italy

Number of locations

121 (2015)

Area served

Piedmont Region
Region of Aosta Valley
Milan, Lombardy

Key people

Aldo Pia (president)
Massimo Mossino (general manager)

ServicesRetail banking

Net income

€12,207,140 (2015)Total assets

€3,682,489,673 (2015)Total equity

€382,052,867 (2015)Owner

Number of employees

642 (2015)ParentBanca di Asti S.p.A.Capital ratio

18.38% (CET1, December 2015)Websitewww.biverbanca.itFootnotes / references
in separate financial statements^[2]

Cassa di Risparmio di Biella e Vercelli S.p.A. known as BiverBanca, is an Italian saving bank based in Biella, Piedmont. It was acquired by fellow Piedmontese bank Cassa di Risparmio di Asti from Banca Monte dei Paschi di Siena in 2012. BiverBanca had almost all the branches in Piedmont and Aosta Valley, especially in the area around Biella and Vercelli : 46 branches in the Province of Biella (11 alone in Biella) and 46 branches in the Province of Vercelli (8 alone in Vercelli), 10 in Turin and 6 in the Province Novara; 3 in the Province of Alessandria; 5 branches in Aosta Valley; 1 branch in the Province of Verbano-Cusio-Ossola, and lastly 1 branch in Milan, the financial hub of Italy.^[3]

The bank did not serve the Province of Asti, which was served by the parent company instead, as well as the Province of Cuneo, Piedmont.

Timeline

1994 Cassa di Risparmio di Biella merged with Cassa di Risparmio di Vercelli to form Cassa di Risparmio di Biella e Vercelli (BiverBanca) C.R. Vercelli Foundation held 26.2% stake and C.R. Biella Foundation held 73.8% stake^[4]^[5]
1997 Banca Commerciale Italiana acquired 55% shares from the banking foundations^[6]
1999 Became part of Banca Intesa Group
2007 Acquired by Banca Monte dei Paschi di Siena (BMPS) from Intesa Sanpaolo (55%) for about €399 million;^[7] C.R. Biella Foundation retained 33.22%^[8] and C.R. Vercelli Foundation 11.78% ^[9]
2008 Re-capitalization, BMPS held 59%, C.R. Biella Foundation held 35% and C.R. Vercelli Foundation held 6%^[10]^[11]
2010 Acquired branches from sister bank Banca Antonveneta; new ownership ratio changed to BMPS (60.42%), C.R. Biella Foundation 33.44% and C.R. Vercelli Foundation 6.14%.^[12]
2012 Acquired by Cassa di Risparmio di Asti from BMPS for about €205.5 million (for 60.42% stake)^[13]^[14]

References

^ "Azionisti". Archived from the original on 15 March 2016. Retrieved 3 February 2016.
^ "2015 Bilancio" (PDF) (in Italian). BiverBanca. 27 April 2016. Retrieved 21 September 2016.
^ page 21, 2015 bilancio (in Italian)
^ "Comit vicina a Biverbanca". La Stampa (in Italian). 30 June 1996. Retrieved 3 February 2016.
^ "CASSA DI RISPARMIO DI BIELLA E VERCELLI - S.p.a." Gazzetta Ufficiale (in Italian). 21 December 1994. Retrieved 16 February 2016.
^ "Bilancio Consolidato 1998" (PDF) (in Italian). Banca Commerciale Italiana. Retrieved 3 February 2016.^{[permanent dead link]}
^ "JOINT PRESS RELEASE SALE OF 55% OF BIVERBANCA FINALISED". Intesa Sanpaolo & Banca Monte dei Paschi di Siena. 20 December 2007. Retrieved 16 February 2016.
^ Biella Foundation ^{[dead link]}
^ 2007 Bilancio ^{[dead link]}
^ "Investor relations". www.gruppomps.it. Retrieved 19 August 2023.
^ "La nostra Storia". Archived from the original on 28 December 2014. Retrieved 3 February 2016.
^ "Investor relations" (PDF).
^ "Bilancio d'esercizio e Consolidato 2012" (PDF) (in Italian). Cassa di Risparmio di Asti. Archived from the original (PDF) on 16 September 2013. Retrieved 16 February 2016.
^ "Bilancio d'esercizio e Consolidato 2012" (PDF) (in Italian). Banca Monte dei Paschi di Siena. 29 April 2013. Retrieved 16 February 2016.