Banca delle Marche
Banca Adriatica S.p.A. trading as UBI Banca Adriatica and formerly known as Nuova Banca delle Marche S.p.A. was an Italian bank based in Jesi, Marche region. It has operations in several regions in central Italy, but concentrated in Marche region, which 73% of the branches were located in that region as of 2016. The bank was formed on 22 November 2015 by the spin off of the good assets of the original Banca delle Marche S.p.A..
Logo in 2017 | |
Logo 2015–2017, which resemble to the old logo prior 2015 | |
Trade name |
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| Formerly | Banca delle Marche |
| Company type | subsidiary |
| Industry | Financial services |
| Predecessor |
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| Founded |
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| Defunct | 23 October 2017 |
| Fate | became UBI Banca branches |
| Headquarters |
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Number of locations | 293 (2016) |
Area served |
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Key people |
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| Services | Retail and corporate banking |
Net income | €−771.6 million (2016) |
| Total assets | €12,207.4 million (2016) |
| Total equity | €248.0 million (2016) |
| Owner | UBI Banca (100%) |
Number of employees | 2,765 (2016) |
| Parent | UBI Banca |
| Subsidiaries | Cassa di Risparmio di Loreto |
| Capital ratio | 3.1118% (Group CET1, Dec.2016) |
| Website | bancamarche |
| Footnotes / references in consolidated financial statement | |
Banca delle Marche was formed in 1994 by the merger of the savings banks of Marche region. The bank faced capital shortfall and was nationalized by Italian National Resolution Fund in 2015 as Nuova Banca delle Marche, with toxic assets of the bank was spin off from the new legal person. The bank was bought by UBI Banca on 18 January 2017 for a nominal fee, renaming to Banca Adriatica. In the same year it was merged into UBI Banca.