Operations
UBI Banca is principally involved in retail banking, which makes up almost three-quarters of its total revenues. At the end of March 2012, the group held 1,800 branches in Italy, of which nearly half were located in Lombardy (where the two largest members of its retail network, Banca Popolare di Bergamo and Banco di Brescia, are headquartered) and Piedmont. The group also has a significant presence in the South of Italy though Banca Carime, which has 270 branches across Apulia, Calabria, Campania and Basilicata.
The firm also owns a controlling interest in IWBank, a provider of online banking and trading.
The Group has adopted a dual governance system characterised by the presence of a Management Board and a Supervisory Board. UBI Banca is a cooperative bank with registered offices in Bergamo. As at 31 March 2012, the share capital amounted to 2,254,366,898 euro made up of 901,746,759 ordinary shares of a nominal values of 2.50 euro each.
Under Article 120 of the Consolidated Finance Act (Legislative Decree No. 58/1998), persons holding more than 2% of the share capital in a share issuer which has Italy as its member state of origin must notify this to the company and to the Consob (Italian securities market authority).
On the basis of an updating of the shareholders’ register, the registered shareholders of UBI Banca numbered 83,489 as at 31 March 2012. If shareholders who are not listed in the shareholders’ register are also considered, then the total of registered and unregistered shareholders numbered more than 152 thousand.
According to Consob, the shareholders holding more than 2% of Bank's share capital, as at 4 July 2012 are: - Norges Bank 2.18% - Fondazione Cassa di Risparmio di Cuneo 2.278% - Fondazione Banca del Monte di Lombardia 2.254% - BlackRock Inc. 2.854% - Silchester International Investors LLP 5.00%.
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