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As of 11:40 AM 09/19/14 All times are local (Market data is delayed by at least 15 minutes).

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banca popolare di spoleto (SPO) Details

Banca Popolare di Spoleto S.p.A. provides various banking products and services for private and enterprise customers, young people, and professionals in Italy. Its products and services include current accounts; cards and cash machine services; financing services; investment products and services comprising certificates of deposit, mutual funds, savings books, life insurance policies, AXA MPS corporate and financial policies, bonds, asset management services, and supplementary pension services; and other services, such as home banking, online trading, phone and SMS banking, ATMs, Pos, treasury body, and e-commerce services. The company was founded in 1895 and is headquartered in Spoleto, Italy. Banca Popolare di Spoleto S.p.A. operates as a subsidiary of Spoleto Credito E Servizi - Societa' Cooperativa A R.L.

Founded in 1895

banca popolare di spoleto (SPO) Top Compensated Officers

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Chief Risk Officer
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Head of Investor Relations
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Vice President of Vicario and Director
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Compensation as of Fiscal Year 2014.

banca popolare di spoleto (SPO) Key Developments

Banco di Desio's Bid Gets Nod From Commissioners

The offer of Banco di Desio e della Brianza S.p.A. (BIT:BDB) to acquire Banca Popolare di Spoleto S.p.A. has won the backing from the commissioners. Desio said in a statement that it was told by the commissioners that its binding offer presented on December 5, 2013 was seen as "the most adequate" to restructure Popolare di Spoleto. Banco Desio added that it was asked to get in touch with the commissioners to finalise the details of the takeover.

Banco di Desio And Clitumnus Reportedly Submits Two Separate Offers To Banca Popolare

Banco di Desio e della Brianza S.p.A. (BIT:BDB) and Clitumnus have submitted two separate binding offers to the extraordinary commissioners ofBanca Popolare di Spoleto S.p.A. (BIT:SPO) for the acquisition of a controlling stake, reported SeeNews citing agency Radiocor report. Radiocor added that Banco di Desio and Clitumnus will be the only bidders for the control over Banca Popolare, as Banca Popolare Di Vicenza S.C.p.A., which had entered the data room, did not file an offer by the deadline. The selected bidder will have to launch a capital hike that would dilute the stakes of the other shareholders, including the 51% interest of Spoleto Credito E Servizi - Societa' Cooperativa A R.L. According to Radiocor, Banco di Desio seems to be in a pole position given the traditional preference of Italy's central bank Bankitalia when it comes to the acquisition of banks.

Banco Desio May Buy Banca Popolare Spoleto

Banco di Desio e della Brianza S.p.A. (BIT:BDB) is looking to buy Banca Popolare di Spoleto S.p.A. (BIT:SPO). Banco di Desio e della Brianza said on November 28, 2013, it is planning make an offer to acquire Banca Popolare. Bank of Italy has put Banca Popolare under special administration in early 2013 following an inspection that showed "serious irregularities and large expected capital losses." Banca Popolare is also looking for a buyer which could help to revamp its commercial network. Banco Desio said in a statement, "The Board has decided to continue the procedure to acquire control of Pop Spoleto and therefore to launch an offer." It added that its capital ratios would remain "more than adequate" if it completed the acquisition of Pop Spoleto, and ruled out needing any capital increase. Banca Popolare Di Vicenza S.C.p.A. is also considered as potential bidder for Banca Popolare.


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