Banca Agricola Popolare di Ragusa


Banca Agricola Popolare di Ragusa S.C.p.A. is an Italian cooperative bank based in Ragusa, Sicily.
The bank had 95 branches inside the island The bank was absent in 4 other provinces in the island, plus one branch in mainland Italy in Milan.

History

In 1999 the bank was ranked 9th in terms of branches on the island. The bank was only ahead Sanpaolo IMI which had 50 branches. After several merger and acquisitions, the aforementioned banks became part of the UniCredit, Banco BPM, Banca Monte dei Paschi di Siena, Intesa Sanpaolo, as well as Banca Carige Credito Valtellinese and Credito Emiliano which also from the north. Banca Agricola Ragusa and Banca Popolare Sant'Angelo were one of the few surviving independent banks on the island.
In 2019 the shareholders of the bank had a disagreement with the managers of the bank. The dispute was settled by the intervention of the Ministry of Economy and Finance. The bank also bought back the shares from the market in the same year.

Equity interests