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UBI Banca

CFD on the Unione di Banche Italiane SpA (UBI.MI) stock quote.

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Product Type: Stock CFD
Sector: FinancialsIndustry: Banks
Country: ItalyCurrency: EUR
Trading Hours: According to marketMeasurement Unit: Shares
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Description:

Unione di Banche Italiane (UBI Banca) is an Italian banking group formed in 2007 after the merger of Italian BPU Banca and BLP banks. The bank offers standard banking services including business loans, investment fund management, insurance and brokerage services. It has 1,560 branches in Italy, but has offices in many European countries in Europe.

The company is listed on the Borsa Italiana.

Interesting Facts:

  • UBI Banca serves around 3.3 million private individuals and families and some 270,000 small to medium sized enterprises.
  • In recent years the company has moved quickly towards digital banking which has cut operating costs.
  • In April 2018 Company CEO Victor Massiah announced his confidence the bank would achieve significantly better results in 2018, following a good start to the year.