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Home > Company Index > Banking > Banking - Europe > BANCA POPOLARE DI NOVARA Group

BANCA POPOLARE DI NOVARA Group
 PROFILE
BANCA POPOLARE DI NOVARA is trimming some fat; the bank plans to sell its non-strategic assets -- such as real estate and its mortgage portfolio -- and focus on asset management, Internet-based banking, and private banking services. The multibank holding company provides consumer and commercial banking services through more than 500 branches in 14 regions in Italy. The bank also has an office in both London and Luxembourg. BANCA POPOLARE DI NOVARA is selling off its bad debts; Mediobanca is handling their securitization. The bank also plans to close its representative offices in Brussels, Frankfurt, Madrid, New York, and Paris as part of its streamlining operation.

 COMPETITION
Banca Popolare di Milano S.c.a.r.l. (PMI)
Sanpaolo IMI S.p.A. (IMI)
UniCredito Italiano S.p.A. (UC)

 FINANCIAL OVERVIEW
Fiscal Year-End: December
1999 Sales (mil.): 1,288.00
1-Yr. Sales Growth: (34.6)%
Employees: 7,011
Revenue per employee: $183,711.31

 KEY PEOPLE
• Piero Montani
    CEO
• Angelo Monteverde
    CFO

 CONTACT INFO
Via Negroni 12
28100 Novara, Italy
Phone: 39-0321-66-2111
Fax: 39-0321-66-2100
Online: Web Site

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