South Tyrolean Volksbank
| Südtiroler Volksbank AG Banca Popolare dell'Alto Adige Spa |
|
|---|---|
| Country |
 Italy
|
| Seat | Bolzano |
| legal form | Corporation |
| BIC | BPAAIT2BXXX |
| founding | 1886 in Merano |
| Website | www.volksbank.it |
| Business data | |
| Total assets | 10.6 billion euros |
| Employee | 1,278 (as of December 31, 2019) |
| Offices | 169 (as of December 31, 2019) |
| management | |
| Board of Directors | Lukas Ladurner (President) |
| Supervisory board | Astrid Kofler (President) |
| Corporate management |
Alberto Naef (General Director) |
The South Tyrolean Volksbank AG ( Italian Banca Popolare dell'Alto Adige Spa ) is a regional bank based in Bolzano .
history
The bank emerged on August 1, 1992 from the merger of Volksbank Brixen, founded in 1889, and Volksbank Bozen, founded in 1902. In 1995 the Volksbank Meran, founded in 1886, was taken over. In October 2014, the boards of directors of Südtiroler Volksbank and Banca Popolare di Marostica (founded in 1892) agreed on a merger project that was approved by the members of the two banks in February 2015 and came into force on April 1, 2015.
In 2016, the bank's assets exceeded eight billion euros, which is why, according to statutory provisions, the members had to vote on a conversion into a stock corporation. On December 12, 2016, the transformation from a cooperative to a joint stock company was entered in the Bozen commercial register. The conversion and a simultaneous loss in value of the share were not without criticism. The right to withdraw from several hundred shareholders could only be enforced after several court decisions.
Shareholder structure
The Südtiroler Volksbank is in the hands of around 60,000 shareholders. The Volksbank share is traded on the Hi-MTF (MiM) electronic platform.
Business area
The Südtiroler Volksbank operates as a regional bank in addition to its home market of South Tyrol in the north-eastern Italian provinces of Trento, Belluno, Treviso, Pordenone, Vicenza, Padua and Venice. At the end of 2019, Volksbank had 169 branches, almost 1,300 employees, around 280,000 customers and over 60,000 shareholders.
Web links
Individual evidence
- ↑ Entry in the BIC directory at SWIFT
- ↑ a b The Volksbank - facts and figures
- ^ The boards of directors of Volksbank and Banca Popolare di Marostica approve the merger project
- ^ Banca d'Italia: Banca d'Italia - Banche Popolari: disposizioni di attuazione della riforma . ( bancaditalia.it [accessed August 9, 2018]).
- ↑ Südtiroler Volksbank: Bolzano Regional Court orders the former members to be paid again | VZS. Retrieved October 30, 2019 .
- ↑ Our shareholders are the best ambassadors! | Volksbank. Retrieved August 19, 2019 .
Coordinates: 46 ° 29 ′ 35.3 " N , 11 ° 21 ′ 37.8" E