BPVi's member shares fell from about €25 of book value to €6.3, then the bank was sold for €1
Banca Popolare di Vicenza · Banking (cooperative)
The case in brief
Visible before detection
Checks that could have surfaced it, on hindsight
End-use tracing of funds
Would have traced loans used to buy the bank's own shares.
Can mislead when: Kubr sees only the company's own accounts. Once money reaches a third party's bank, Kubr can flag the payee but cannot see the next hop without that party's consent.
Governance signals
Would have reviewed board independence.
Can mislead when: Private companies file late, so these signals are lagging. Kubr uses them to support other flags, not to prove anything alone.
Document authenticity / direct pull
Would have tested the self-set share price.
Can mislead when: The company can refuse consent, and a refusal is itself a flag. Some banks and co-op banks are not on AA yet.
Where Kubr services would have helped
IC note
Offered in India- C5 Would have tested the self-set share price.
- C11 Would have reviewed board independence.
Borrower monitor
Offered in India- C6 Would have traced loans used to buy the bank's own shares.
- C11 Would have reviewed board independence.
Verified Snapshot
Offered in India- C11 Would have reviewed board independence.
Financial diligence
Offered in India- C5 Would have tested the self-set share price.
Mapped from the checks each service runs. A hindsight reading of public records, not a promise that the failure would have been found.
Same pattern
A summary of public documents. It reports what the sources say. It is not Kubr's finding and not a statement of guilt.