⚠️ Important: Banca Popolare dell’Etruria e del Lazio (Banca Etruria) no longer exists. It was resolved by Italian authorities on November 22, 2015 under the BRRD (Bank Recovery and Resolution Directive). Former customers should now access their accounts through Intesa Sanpaolo.
What Happened to Banca Etruria?
Banca Popolare dell’Etruria e del Lazio was one of four Italian banks placed into resolution in November 2015. The Bank of Italy and Italian Government acted together to resolve the crisis at these institutions, which held approximately 1% of system-wide deposits.
📅 Timeline
- February 10, 2015: Bank placed under special administration by Italian Ministry of Economy
- November 22, 2015: Resolution under BRRD – “good bank” (Nuova Banca dell’Etruria e del Lazio) spun off with €442 million capital
- January 2017: UBI Banca submitted €1 binding bid with €450 million recapitalization
- May 10, 2017: Sale to UBI Banca completed, bank renamed Banca Tirrenica
- November 27, 2017: Merged into UBI Banca under “Single Bank” model
- April 2021: UBI Banca acquired by Intesa Sanpaolo
How to Access Your Account Now
Former Banca Etruria customers should now access their accounts through Intesa Sanpaolo:
The 2015 Resolution Explained
The resolution of Banca Etruria was part of a coordinated action involving four Italian banks: Banca Marche, Banca Popolare dell’Etruria e del Lazio, Cassa di Risparmio di Ferrara, and Cassa di Risparmio di Chieti.
How the Resolution Worked
- Good Bank / Bad Bank Split: Balance sheets were separated. The “good bank” received deposits, current accounts, and ordinary bonds. Non-performing loans went to a separate bad bank.
- Loss Absorption: Shares and subordinated bonds were written off completely (bail-in mechanism)
- Recapitalization: Capital subscribed by National Resolution Fund with 9% Tier 1 ratio
⚠️ Investor Compensation
In May 2016, Decree-Law N°59/2016 provided that retail bond investors would be refunded up to €100,000 if they had purchased subordinated bonds before June 12, 2014. This was a response to criticism that Italian banks had sold risky bonds to retail depositors without adequate disclosure.
About Intesa Sanpaolo
Intesa Sanpaolo is now Italy’s largest bank and one of the largest in Europe. Through its acquisition of UBI Banca in 2021, all former Banca Etruria operations are now part of the Intesa Sanpaolo group.
Online Banking: intesasanpaolo.com
Mobile App: Intesa Sanpaolo Mobile
Customer Service: 800 303 303 (Italy)
Branches: 3,700+ across Italy
Frequently Asked Questions
What happened to my Banca Etruria account?
Your account was migrated first to UBI Banca (2017) and then to Intesa Sanpaolo (2021). Access your account through Intesa Sanpaolo’s online banking platform. If you haven’t logged in since the transition, contact a local Intesa Sanpaolo branch.
Were depositors affected by the resolution?
Deposits, current accounts, and ordinary bonds were protected and transferred to the good bank. Only shareholders and subordinated bondholders were subject to bail-in. Retail bond investors were later eligible for compensation.
What is BRRD?
The Bank Recovery and Resolution Directive is an EU framework for handling failing banks without taxpayer bailouts. It introduced the bail-in mechanism where shareholders and certain creditors absorb losses before public funds are used.
Last Updated on February 11, 2026
URL: https://log-in.me/bancaetruria-arezzo-italy/