Unione di Banche Italiane SpA (formerly Unione di Banche Italiane SC Per Azioni)

UBI Banca (Unione di Banche Italiane) was established in 2007. UBI Banca is primarily focused on providing retail banking products and services to domestic small- and medium-sized enterprises and private customers.

Services

Retail Banking

Financials

Total Assets (2017)
122.01 bln EUR  (+54.54%)
Net Income (2017)
-12 023 000.00 EUR  (-97.56%)
Number of Employees (2017)
18 869  (+215.69%)

Unione di Banche Italiane SpA is the 7th largest bank in Italy in terms of total assets. In 2017 its total assets were 122,01 bln EUR, providing the bank with the market share of 4.63%. In 2017 the bank's net income was -12,02 mln EUR. Unione di Banche Italiane SpA had 18 869 employees in 2017.

Unione di Banche Italiane SpA is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality). Long-term credit rating assigned to the bank by Moody's is Baa2 (lower medium grade).

Unione di Banche Italiane SpA participates in deposit guarantee scheme of Italy. This scheme covers accounts up to 100 000 EUR per bank per depositor.

Head of Group

 UBI Banca (Italy)

Unione di Banche Italiane SpA is a member of UBI Banca (Italy).

Contacts

PIAZZA VITTORIO VENETO, 8, 24122, BERGAMO, Italy

Unione di Banche Italiane SpA is headquartered in BERGAMO.

Bank Identifiers

BIC (SWIFT)
BLOPIT22XXX
MFI ID
IT0001967291493

Business Summary

Services
retail banking
Products
current accounts
payment cards
savings accounts
time deposit accounts
consumer loans
car loans
mortgage loans
investment funds

Unione di Banche Italiane SpA provides services in the area of retail banking. The range of products offered by Unione di Banche Italiane SpA includes current accounts, payment cards, savings accounts, time deposit accounts, consumer loans, car loans, mortgage loans, investment funds.

Financial Positions

Total Assets (2017)
122.01 bln EUR  (+54.54%)

In 2017 total assets of Unione di Banche Italiane SpA were 122.01 bln EUR. Growth compared to the previous period (2016) was 54.54%.

Recent changes in total assets of Unione di Banche Italiane SpA and its main components are shown in Table 1.

2016 2017 % change
Loans to customers 37.1 90.5 +143.86%
Total Assets 79.0 122.0 +54.54%
Table 1. Recent changes in total assets of Unione di Banche Italiane SpA (bln EUR).

Recent changes in total liabilities of Unione di Banche Italiane SpA and its main components are shown in Table 2.

2016 2017 % change
Deposits 46.8 92.8 +98.25%
Total Liabilities 79.0 122.0 +54.54%
Table 2. Recent changes in total liabilities of Unione di Banche Italiane SpA (bln EUR).

Profit and Loss

Net Income (2017)
-12 023 000.00 EUR  (-97.56%)

Recent changes in gross profit of Unione di Banche Italiane SpA and its main components are shown in Table 3.

2016 2017 % change
Net Interest Income 321.1 1 281.3 +299.08%
Net Commission Income 490.3 1 541.8 +214.44%
Table 3. Recent changes in gross profit of Unione di Banche Italiane SpA (mln EUR).

In 2017 net income of Unione di Banche Italiane SpA was -12 023 000.00 EUR. Decline compared to the previous period (2016) was -97.56%.

Number of Employees

Number of Employees (2017)
18 869  (+215.69%)

In 2017 there were 18 869 employees of Unione di Banche Italiane SpA . Growth compared to the previous period (2016) was 215.69%.

Market Share and Rank (among banks in Italy)

Total Assets (2017)
7th (market share 4.63%)

In 2017 Unione di Banche Italiane SpA was ranked the 7th largest bank in Italy in terms of total assets, having 4.63% of the domestic market share.

Market share of Unione di Banche Italiane SpA  (among banks in Italy)

Chart 1. Market share of Unione di Banche Italiane SpA (among banks in Italy)

Several banks having the market shares and ranks closest to Unione di Banche Italiane SpA are shown below.

RankNameTotal AssetsMarket Share
6Banca Monte dei Paschi di Siena S.p.a.129460.34 mln EUR4.92%
7Unione di Banche Italiane SpA 122013.60 mln EUR4.63%
8Banca Nazionale del Lavoro S.p.a. 77799.02 mln EUR2.95%
 

Credit Ratings (as of May 2018)

Fitch Moody's
BBB (good credit quality) Baa2 (lower medium grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Unione di Banche Italiane SpA is rated by Fitch and Moody's.

Credit ratings assigned to Unione di Banche Italiane SpA as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Unione di Banche Italiane SpA it is set to BBB (good credit quality), outlook is negative (may be lowered). The rating is not on watch. Short-term issuer default rating for Unione di Banche Italiane SpA is set to F3 (fair short-term credit quality).

Long-Term Issuer Default Rating  BBB
    Outlook  negative
    On Watch  No
Short-Term Issuer Default Rating  F3
Viability Rating  bbb
Support Rating  5
Support Rating Floor  NF

Viability rating for Unione di Banche Italiane SpA is set to bbb (good fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for Unione di Banche Italiane SpA it is set to Baa2 (lower medium grade). Long-term bank deposit rating is Baa2 (lower medium grade). Baseline credit assessment is ba2. Short-term rating is not assigned.

Long-Term Rating  Baa2
Long-Term Bank Deposit Rating  Baa2
Baseline Credit Assessment  ba2
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Unione di Banche Italiane SpA is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 EUR per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Italy are obliged to participate in Italian deposit guarantee scheme.

In the case of Unione di Banche Italiane SpA failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Covered Accounts  repayable funds acquired by banks in the form of deposits or other forms and to bankers' drafts or other similar credit instruments shall be eligible for payment
Maximum Protected Amount  100 000 EUR
Paid In Currency  EUR

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of Unione di Banche Italiane SpA and its components are shown in the table below.

BIC  BLOPIT22XXX
Bank BIC Code  BLOP
Country Code  IT (Italy)
Location Code  22
Branch Code  XXX

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Unione di Banche Italiane SpA is shown in the table below.

MFI ID  IT0001967291493

Domestic Presence

Branches (2017)
1 762  (+344.95%)

In 2017 Unione di Banche Italiane SpA had 1 762 branches in Italy. Growth compared to the previous period (2016) was 344.95%.