Banca Popolare di Vicenza, 22 maggio 2012Press release
Vicenza, 22 May 2012 - The Board of Directors of Banca Nuova, which met today under the chairmanship of Marino Breganze, appointed Umberto Seretti General Manager.
Umberto Seretti, who has been Deputy General Manager of Banca Nuova for two years, comes from the Parent Company Banca Popolare di Vicenza, which he joined in 1999 fulfilling various roles such as: Head of the Foreign Division, Head of the Corporate Division and Head of the Credit Division. He began his career in Credito Italiano where he held a number of prestigious offices, including Deputy Chairman of the New York branch from 1994 to 1998. Seretti has also been a Member of the Board of Directors of various companies including Sec Servizi, BPV Finance International (Ireland) and Nordest Merchant, where he held the office of Managing Director.
In line with the Banca Popolare di Vicenza Group mission, Banca Nuova continues the policy to support households and small and medium-sized enterprises, also taking an active part in the economic and cultural initiatives of the territories in which it operates. In the first four months of the year the bank recorded a considerable increase in loans, deposits and customer numbers.
Banca Nuova has already scheduled the opening within an accelerated timeframe of three new branches: in Palermo, Lipari and Vibo Valentia. It also plans to strengthen the network by opening new branches in Western Sicily.
"The Banca Popolare di Vicenza Group affirms its intention to expand its activities in the south of Italy and, through Banca Nuova, also in Sicily and Calabria - stated Marino Breganze, Chairman of Banca Nuova - Umberto Seretti, assisted by a cohesive team, shall be able to consolidate this important path of expansion, deriving full advantage from the potential offered by the territories in which the Bank operates".
Banca Nuova was established in October 2000 by Banca Popolare di Vicenza with the aim of exporting its banking model and tapping into the strong credit tradition of the areas of central/southern Italy. Within the wider context of the Banca Popolare di Vicenza Group strategy, Banca Nuova's mission is to increase the value of the more dynamic enterprises of Sicily and Calabria and exploit the territories' financial, human, entrepreneurial and cultural resources. To date, Banca Nuova has a total of 95 branches, employs 629 employees and has a network of 97 financial promoters.
With assets in excess of EUR 41 billion and over 5,600 employees and 682 sales outlets (including branches, financial stores and private branches), the Banca Popolare di Vicenza Group is the ninth largest banking group in Italy. Established in Vicenza in 1866 as Veneto's first credit union, the Bank has firm roots in the North East as well as a significant presence in the North West, Tuscany and in southern Italy (with Banca Nuova).
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