The first popular bank to turn into a joint stock company is Ubi. In the presence of 2.500 shareholders, the assembly of the Lombard bank, meeting in Brescia under the chairmanship of Andrea Moltrasio, approved by a very large majority (98%) the transformation project into joint stock made mandatory by the recent Renzi reform of the major cooperative banks.
The abandonment of the one-to-one vote and the transition to a joint-stock company will facilitate recourse to the capital market in the event of further capital strengthening and the search for alliances to increase the size of the bank, as repeatedly recommended by the ECB and the Bank of Italy .
