UBI Banca (Unione di Banche Italiane) was established in 2007 through the merger of BPU Banca and Banca Lombarda. UBI Banca is primarily focused on providing retail banking products and services to domestic small- and medium-sized enterprises and private customers. Since August 2020, UBI Banca is a part of Intesa Sanpaolo Group (Italy).
Unione di Banche Italiane SpA is the 7th largest bank in Italy in terms of total assets. In 2019 its total assets were 122,57 bln EUR, providing the bank with the market share of 4.26%. In 2019 the bank's net income was 209,88 mln EUR. Unione di Banche Italiane SpA had 18 037 employees in 2019.
Unione di Banche Italiane SpA is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BB+ (speculative). Long-term credit rating assigned to the bank by Moody's is Baa2 (lower medium grade).
Unione di Banche Italiane SpA participates in the deposit guarantee scheme of Italy. This deposit guarantee scheme applies to current accounts, cash accounts, time deposits made by natural persons, legal entities and covers up to up to 100,000 EUR per bank per depositor. Unione di Banche Italiane SpA is a member of Interbank Deposit Protection Fund (FITD) and makes its contributions into it.
Unione di Banche Italiane SpA is headquartered in BERGAMO.