Industry financial services Founded 1 August 1992 Net income 22.37 million EUR (2015) Total equity 777.2 million EUR (2015) | Number of locations 188 Total assets 8.715 billion EUR (2015) | |
Native name Südtiroler Volksbank Gen.aABanca Popolare dell'Alto Adige S.C.p.A. Predecessor Volksbank BozenVolksbank BrixenVolksbank MeranBanca Popolare di MarosticaBanca di Treviso Key people Otmar Michaeler (chairman)Johannes Schneebacher (general manager) Type of business Genossenschaft auf Aktien, Società Cooperativa per Azioni, (Joint stock cooperative) | ||
The South Tyrolian People's Bank (German: Südtiroler Volksbank, Italian: Banca Popolare dell'Alto Adige, known as Volksbank or Banca Popolare) is an Italian cooperative bank headquartered in Bolzano.
The bank was the second largest bank in Trentino – South Tyrol with a market share of 8.8%. After the merger with Banca Popolare di Marostica, it was expected that the bank was the seventh bank in Veneto with a market share of 3.2% and more specifically 6.2% in the Province of Vicenza as the 6th. (Behind Intesa Sanpaolo, UniCredit, Banca MPS, Banco Popolare, BPVicenza, Veneto Banca in Veneto)
History
It was established in 1992 through the merger of two South Tyrolian cooperative banks, Volksbank Bozen – Banca Popolare di Bolzano from Bolzano (found 1902 as Spar-und Vorschußkasse für Handel und Gewerbe) and Volksbank Brixen – Banca Popolare di Bressanone (found 1889 as Spar-&Darlehenskassenverein für die Pfarrgemeinde Brixen) from Brixen. In 1995 it acquired another South Tyrolian cooperative bank Volksbank Meran – Banca Popolare di Merano (found 1886 as Gewerbliche Spar- und Vorschuss-Casse Meran reg.Gen.mbH) headquartered in Merano. The bank's primary markets are the two autonomous provinces of South Tyrol (63 branches) and Trentino (20 branches). In recent years it has been aggressively expanding into the neighboring Veneto region with 102 branches in 5 provinces (by absorbing Venetian banks Banca Popolare di Marostica and its subsidiary Banca di Treviso). The bank has also expanded its operations to the Friuli sub-region in the Province of Pordenone.