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Native name | Banca Popolare Pugliese S.C.p.A. |
|---|---|
| Company type | Società Cooperativa per Azioni |
| ISIN | IT0001036760 |
| Industry | Financial services |
| Predecessor | |
| Founded |
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| Headquarters |
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Number of locations | 96 locations (2014) |
Area served |
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| Services | Retail and corporate banking |
 €10,591,772 (2014) | |
| Total assets |  €3,392,713,038 (2014) |
| Total equity | €344,372,171 (2014) |
| Owner | 32,888 individuals |
| Capital ratio | 13.47% (CET1) |
| Website | Official website (in Italian) |
| Footnotes / references source[1] | |
Banca Popolare Pugliese S.C.p.A. (BPP) is an Italiancooperative bank based inParabita andMatino, in theprovince of Lecce,Apulia region.
Despite named itself Apulian Popular Bank, the bank concentrated in the provinces of Lecce (50 branches) and Brindisi (15 branches) in Apulia, as well as two branches in Basilicata region and once branch in Molise region.
The bank also had 11 branches in the province of Bari, 7 branches in the province of Foggia, 6 branches in the province of Taranto, 2 branches in the province of Barletta-Andria-Trani, plus 4 cash machines in the two headquarters, in Otranto and in Torre San Giovanni (both in the province of Lecce).
Banca Popolare Pugliese S.C.p.A. was found on 2 June 1994[2] by the merger ofBanca Popolare Sud Puglia (based in Matino) andBanca Popolare di Lecce (ex-Banca Popolare di Parabita e Aradeo). At the time BP Sud Puglia had a market share (in terms of deposits) of 2.8% in Apulia (especially 15.6% in Lecce and 5.6% in Brindisi), while BP Lecce had 1.6% in Apulia (especially 8.4% in Lecce and 3.3% in Brindisi). Their competitorsBanco di Napoli andBanca Nazionale del Lavoro had 14% and 8% in Apulia respectively (data excluding the province of Foggia, as it was intended to compare to the geographical area of Banca Popolare Pugliese's network).[3]
In 2007 the bank acquired 15 branches fromBanca Carime, a subsidiary ofUBI Banca.[4]
In 2015 BPP acquired 97.37% stake inBanca del Lavoro e del Piccolo Risparmio di Benevento, which operates in 7 different locations in 6comuni (two in Benevento).[5]
