Banca Sella Group

Banca Sella Group
Native name	Banca Sella Holding S.p.A.
Formerly called	Gaudenzio Sella & C. Banca Sella S.p.A.
Type	Società per azioni
Industry	Financial services
Founded	23 August 1886 (1886-08-23)
Founder	Sella family
Headquarters	Biella, Italy
Number of locations	304 branches (2015)
Key people	Maurizio Sella (president) Franco Sella (vice president) Lodovico Sella (vice president) Pietro Sella (CEO) ---- Claudio Musiari (CEO of Banca Sella)
Services	Retail, private and investment banking, insurance, investment management
Profit	€28.500 million (2015^[1])
Total assets	€13.968 billion (2015^[1])
Total equity	€831.673 million (2015^[1])
Number of employees	4,304 (2015)
Subsidiaries	Banca Sella Banca Patrimoni Sella Sella Gestioni SGR Biella Leasing Consel Easy Nolo
Capital ratio	11.59% (CET1 - 2015)
Website	Official website
Footnotes / references data in consolidated basis

Banca Sella Holding S.p.A. is an Italian holding company for the Banca Sella Group (Italian: Gruppo Banca Sella). The main company of the group was Banca Sella S.p.A., an Italian bank based in Biella, Piedmont.

According to a research by Ricerche e Studi, a subsidiary of Mediobanca, Banca Sella Group was ranked the 21st largest bank in Italy by total assets as at 31 December 2014.^[2]

History

Origins of Banca Sella

The story of Gruppo Banca Sella has its roots in 1886, when Gaudenzio Sella, inspired by the principles of his uncle Quintino Sella, along with six other brothers and cousins, founded in Biella the Gaudenzio Sella & C., (the current Banca Sella Group), in order to "carry on trade as the banking discounts, advances, current accounts, buying and selling of securities, etc. ", as shown in the deed. The senior managers of the bank was newly appointed Gaudenzio Sella, who remained at the helm of the institute until his death.

Expansion

The first branches outside of Biella date back to the late '30s (Ponzone, Trivero, Cossato). In 1949 the bank changed its name becoming a limited company (Italian: Società per azioni) and the brothers Ernesto and Giorgio Sella respectively assumed the position of president and CEO. In 1962 changed its name to Banca Sella S.p.A. In 1974, the death of Ernesto, Giorgio Sella became President and Chief Executive Officer was entrusted to Maurizio Sella, son of Ernesto.

Under the leadership of Maurizio Sella, Banca Sella spread throughout the country up to more than 300 branches in the first decade of 2000 .

Over the years the Bank has acquired small local institutions in the North East and South Italy, and have been established operating companies in various businesses such as leasing, consumer finance, asset management companies, non-life insurance. In 1992 Gruppo Banca Sella was found.

In 1997 it takes place the launch of internet banking services and in 2000 the brand www.sella.it.

On the death of Giorgio Sella (in 2000) Maurizio Sella becomes the president, while Pietro Sella (born in 1968) he became the CEO in 2002. (after the old "Banca Sella S.p.A" became "Banca Sella Holding S.p.A", and the creation of new "Banca Sella S.p.A" as a subsidiary in 2006, they became the president and CEO of both the holding and the bank; in 2013 Donato Valz Gen was appointed as the CEO of the bank but not the holding)

On 1 January 2005 a new subsidiary Banca Patrimoni e Investimenti^[3] was formed by the merger of Sella Investimenti Banca (bank founded in Turin in 2001 and specializes in private banking customers) and Gestnord Intermediazione.

Birth of Banca Sella Holding and recent history

As part of a restructuring of the group, on 1 January 2006 the [old] Banca Sella S.p.A. (P.IVA 01709430027) was transformed into a financial holding company of the group and changed its name to Sella Holding Banca S.p.A., having conferred the banking business to a new subsidiary that it has taken so the name of [new] Banca Sella S.p.A. (P.I. 02224410023).

On 1 April 2006 from the merger of Fiduciaria Sella S.I.M.p.A. (dynamic trust founded in 1992, and specializes in individual asset management: asset management in funds and securities) in Gestnord Fondi SGR SpA (born in 1983, and specializes in the collective management of assets: mutual funds, pension funds and SICAV) born Sella Gestioni SGR S.p.A. thus incorporating into one company the group's activities in asset management for retail customers.^[4]

In October 2006, for the acquisition of eight branches that Banca Sella held in the region of Veneto, Banca Bovio Calderari (a indirect subsidiary of the group via Bovio Calderari Finanziaria S.p.A.) assumes the new name of Banca Sella Nord Est Bovio Calderari (Sella North East – Bovio Calderari Bank). After the deals the group owned 80.03% shares of Bovio Calderari Finanziaria (BC Finanziaria),^[5] BC Finanziaria had a controlling interests in the new bank.

On 1 June 2007 Sella Gestioni SGR formed a new subsidiary Sella Capital Management SGR who was in charge of asset management for institutional clients.

On 12 November 2007 Banca Patrimoni Sella & C. was formed by the merger by absorption of Sella Consult S.I.M.p.A. into Banca Patrimoni e Investimenti; after the transaction the group owned 68.190% shares of the subsidiary, increasing from 56.114%.^[6]

In 2007 CBA Vita, a subsidiary of the group, with HDI Assicurazioni, creates InChiaro, a joint venture dedicated to bancassurance (insurance services that integrated with bank); in 2016 all shares held by Banca Sella Group in CBA Vita have been sold to HDI Assicurazioni.^[7]

On 31 March 2008, "Sella Holding Banca" changed its name to Banca Sella Holding S.p.A.. On 1 June 2008 Banca Sella Sud Arditi Galati (Sella South – Arditi Galati Bank) was found by the absorption of Banca di Palermo S.p.A. (a subsidiary of the group) and the branches of Banca Sella S.p.A. in Campania into Banca Arditi Galati S.p.A.^[8]

From 2008 to 2011 Banca Sella Group also had a minority interests in Banca Monte Parma, but was acquired by Intesa Sanpaolo after successive of net loss.

In April 2009 a new subsidiary Sella Servizi Bancari was formed in order to centralize the back office of the group.^[9]

On 30 May 2011 and on 1 October 2012 Banca Sella Sud Arditi Galati and Banca Sella Nord Est Bovio Calderari were absorbed into Banca Sella S.p.A.. As at 31 December 2010, the group owned 60.13% of Sella South – Arditi Galati Bank^[10] and 56.75% shares of Sella North East – Bovio Calderari Bank as at 31 December 2011.^[11] The group bought the remaining minority interests from other investors.

Main group companies

As of 31 December 2014

The main companies in the Banca Sella Group are:

Banca Sella Holding S.p.A. (parent company of the Gruppo Banca Sella);
- Banca Sella S.p.A. (100% stake);
- Banca Patrimoni Sella & C. (74.379% stake, bank specializing in the management of private and institutional clients);
  - Family Advisory SIM Sella & Partners (family offices).
- Sella Gestioni SGR (96.066% stake, asset management);
- Biella Leasing (99.860% stake, financial leasing);
- Consel (67.432% stake, consumer credit);
- CBA Vita (life insurance, health and accident);
  - InChiaro (49% stake, life insurance);
- Easy Nolo (electronic payment systems, e-commerce);
minority interests
- Martin Maurel Sella - Banque Privée Monaco (45%)

References

1 2 3 "2015 Consolidated Annual Report" (PDF). Banca Sella Group. 31 December 2015. Retrieved 23 May 2016.
↑ "LE PRINCIPALI BANCHE ITALIANE" (PDF) (in Italian). Ricerche e Studi. 10 November 2015. Retrieved 21 February 2016.
↑ "2004 Annual Report" (PDF). Banca Sella Group. Retrieved 14 March 2016.
↑ "2005 Annual Individual Report" (PDF). Banca Sella Holding. 29 June 2006. Retrieved 14 March 2016.
↑ "2006 Annual Individual Report" (PDF). Banca Sella Holding. 10 June 2007. Retrieved 14 March 2016.
↑ "2007 Annual Individual Report" (PDF). Banca Sella Holding. 21 August 2008. Retrieved 14 March 2016.
↑ "Il Gruppo Banca Sella e HDI Assicurazioni ampliano la loro collaborazione" (in Italian). Banca Sella Group. 30 June 2016. Retrieved 29 August 2016.
↑ "2008 Annual Individual Report" (PDF). Banca Sella Holding. 15 August 2009. Retrieved 14 March 2016.
↑ "2009 Annual Individual Report" (PDF). Banca Sella Holding. 21 June 2010. Retrieved 14 March 2016.
↑ "2010 Annual Individual Report" (PDF). Banca Sella Holding. 17 May 2011. Retrieved 14 March 2016.
↑ "2011 Annual Individual Report" (PDF). Banca Sella Holding. 23 May 2012. Retrieved 14 March 2016.

External links

Gruppo Banca Sella Official website (in Italian)

Banking in Italy

Central bank	Banca d'Italia European Central Bank

Public banks	Cassa Depositi e Prestiti CDP Reti Poste italiane BancoPosta Banca del Mezzogiorno – MedioCredito Centrale Istituto per il Credito Sportivo Banca Mediocredito del Friuli Venezia Giulia Investitionsbank Trentino Südtirol – Mediocredito Trentino Alto Adige Finaosta Fincalabra Finlombarda Finmolise Finpiemonte Fidi Toscana FIRA Gepafin IRFIS – FinSicilia Sviluppo Basilicata SFIRS Veneto Sviluppo Italian National Resolution Fund Nuova Banca delle Marche Cassa di Risparmio di Loreto Nuova Banca Etruria Nuova CariChieti Nuova Carife

Global banks (Supervised by ECB)	UniCredit FinecoBank Intesa Sanpaolo Banca IMI Mediocredito Italiano Banca CR Firenze Banco di Napoli CariFVG Carisbo Caript Cariromagna CR Veneto

Nationwide and multi-regional banks (Supervised by ECB)	Banco BPM Banco Popolare Banca Aletti Banca Popolare di Milano Banca Popolare di Mantova Banca Monte dei Paschi di Siena MPS Capital Services UBI Banca IWBank Mediobanca Compass Banca Esperia Banca Popolare dell'Emilia Romagna Banco di Sardegna Banca di Sassari Cassa di Risparmio di Bra Cassa di Risparmio di Saluzzo Atlante Banca Popolare di Vicenza Banca Nuova FarBanca Veneto Banca Banca Apulia Banca Intermobiliare Banca Carige Banca del Monte di Lucca Credito Emiliano Banca Popolare di Sondrio

Multi-regional (total assets €30b to €8b)	Credito Valtellinese Credito Siciliano Banca Mediolanum Banca Popolare di Bari Cassa di Risparmio di Orvieto Banca Sella Holding Banca Sella Banca Patrimoni Sella Banco di Desio e della Brianza Banca Popolare di Spoleto Unipol Banca Banca di Asti Biverbanca Südtiroler Volksbank – Banca Popolare dell'Alto Adige Südtiroler Sparkasse – Cassa di Risparmio di Bolzano

Multi-regional and regional cooperative bank (Popolari banks)	Banca Agricola Popolare di Ragusa Banca Valsabbina Banca Popolare di Puglia e Basilicata Banca Popolare di Cividale Cassa di Sovvenzioni e Risparmio fra il Personale della Banca d'Italia Banca Popolare Pugliese Banca di Piacenza Banca di Credito Popolare Banca Popolare del Lazio Banca Popolare del Cassinate Banca Popolare Valconca Banca Popolare Etica Banca Popolare Sant'Angelo Sanfelice 1893 Banca Popolare Banca Popolare di Lajatico Banca Popolare di Fondi Banca Popolare del Frusinate

Co-operative banks (BCC) and central banks	Federcasse central banks Istituto Centrale delle Casse Rurali ed Artigiane Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige Cassa Centrale Banca - Credito Cooperativo del Nord Est member banks BCC Roma Banca d'Alba Banca del Territorio Lombardo Credito Cooperativo Ravennate e Imolese Emilbanca BCC di Brescia BCC di Carate Brianza Banca Centropadana Cassa Rurale ed Artigiana di Cantù Cassa Rurale Treviglio Banca Alpi Marittime Credito Cooperativo Carrù BCC Prealpi BCC Carugate e Inzago Banca della Marca Banca di Pisa e Fornacette Banca San Giorgio Quinto Valle Agno BCC del Garda Cassa Rurale ed Artigiana di Brendola Banco Emiliano Cassa Rurale di Trento Banca Malatestiana Banca di Bologna Cassa Rurale Alto Garda Banca Sviluppo Banca del Centroveneto Crediveneto Cassa Rurale di Rovereto Banca di Cherasco Romagna Est Banca Banca di Caraglio Banca di Forlì BCC G. Toniolo di San Cataldo BCC di Monastier e del Sile BCC Pordenonese BancAdria BCC Agrobresciano Banca Versilia Lunigiana e Garfagnana Banca Santo Stefano BCC Barlassina BCC Binasco Cassa Rurale Giudicarie Valsabbia Paganella BCC Castagneto Carducci CrediFriuli Mantovabanca 1896 Banca CRAS BCC Busto Garolfo e Buguggiate Banca del Veneziano Banca Cremonese Rovigo Banca BCC Banca Annia BCC di Fano BCC Piove di Sacco BCC di Calcio e di Covo BCC di Sant'Elena BCC Vignole e Montagna Pistoiese Cassa Rurale Lavis Valle di Cembra Banca della Bergamasca Banca di Rimini Cassa Rurale di Pergine BCC di Conversano Banca San Biagio del Veneto Orientale Bene Banca BCC Sesto San Giovanni CRA BCC di Battipaglia e Montecorvino Rovella Cassa Rurale di Aldeno e Cadine Credito Valdinievole Banca Valdichiana BCC di Caravaggio BCC Gradara BCC di Manzano BCC di Anagni BCC Filottrano BCC Valdostana BCC di San Marzano di San Giuseppe Banca Picena Truentina BCC Friulovest Banca BCC Palestrina BCC di Casalgrasso e Sant'Albano Stura BCC Mediocrati BCC Staranzano e Villesse BCC dell'Alta Brianza - Alzate Brianza CentroMarcaBanca BCC di Castiglione Messer Raimondo e Pianella Banca di Viterbo BCC Pratola Peligna Fondo di Garanzia dei Depositanti del Credito Cooperativo

Regional retail bank	Cassa di Risparmio di Ravenna Banco di Lucca e del Tirreno Banca di Imola Cassa di Risparmio di Cesena Banca Carim Cassa di Risparmio di San Miniato Banca di Cambiano Cassa di Risparmio di Cento ChiantiBanca Cassa Padana Cassa di Risparmio di Volterra Hypo Alpe-Adria-Bank Cassa di Risparmio di Fossano Banca del Fucino Cassa di Risparmio di Fermo Banca del Piemonte Banca CR Savigliano Banco Azzoaglio

others	Banca Generali Banca IFIS Interbanca Banca Finnat Banca Ubae Banca Leonardo Banca Farmafactoring Unione Fiduciaria Credito Fondiario Banca Passadore Banca Sistema Banca Profilo

Foreign banks	Allianz Allianz S.p.A. Barclays Banco Santander Bank of China BNP Paribas Banca Nazionale del Lavoro Crédit Agricole Cariparma FriulAdria Carispezia FCA Bank Credit Suisse Deutsche Bank Deutsche Bank S.p.A. Dexia Crediop Fortress doBank Italfondiario GE Capital HSBC ING Bank Société Générale Mercury Istituto Centrale delle Banche Popolari Italiane Setefi

Ancient banks	Bank of Saint George Banco di Santo Spirito Istituto Bancario San Paolo di Torino Medici Bank Mount of piety Faenza Foggia Parma Reggio Emilia

Related topics	List of banks in Italy Associazione Bancaria Italiana Associazione di Fondazioni e di Casse di Risparmio S.p.A. Associazione Nazionale fra le Banche Popolari Fondo Interbancario di Tutela dei Depositi

Members of Euro Banking Association

Austria	Allgemeine Sparkasse Oberosterreich Bank für Tirol und Vorarlberg AG BKS Bank AG Erste Group Bank AG Oberbank AG Oesterreichische Nationalbank Raiffeisen Zentralbank Österreich AG Raiffeisenlandesbank Oberösterreich AG Raiffeisen-Landesbank Tirol AG Steiermärkische Bank und Sparkassen AG

Belgium	Dexia Bank NV KBC Bank NV Bank van De Post

Cyprus	Bank of Cyprus Hellenic Bank

Denmark	Amagerbanken A/S Arbejdernes Landsbank A/S Danske Andelskassers Bank A/S Danske Bank A/S DiBa Bank A/S Djurslands Bank A/S Jyske Bank A/S Nordjyske Bank A/S Nørresundby Bank Østjydsk Bank A/S Ringkøbing Landbobank Roskilde Bank A/S Skjern Bank Spar Nord Bank Sparekassen Sjælland Sydbank A/S Vestfyns Bank A/S Vestjysk Bank

Finland	Aktia Bank PLC Bank of Åland PLC Pohjola Bank PLC S-Bank LTD. Tapiola Bank LTD

France	Banque Michel Inchauspé - BAMI Banque Palatine BNP Paribas SA BPCE BRED Banque Populaire Crédit Agricole SA Crédit Coopératif Crédit du Nord Crédit Mutuel Arkéa Credit Mutuel CIC Banque HSBC France La Banque postale Natixis Société Générale

Germany	Berenberg Bank BHF Bank Bremer Landesbank Commerzbank AG Deutsche Bank AG Deutsche Bundesbank Deutsche Postbank DZ Bank AG Europe Arab Bank Frankfurt Hamburger Sparkasse AG J.P. Morgan Chase Bank AG Landesbank Baden-Württemberg Landesbank Berlin Holding Landesbank Hessen-Thüringen Oldenburgische Landesbank SECB Swiss EURO CLEARING Bank GmbH The Bank of New York Mellon, Frankfurt Branch VTB Bank (Deutschland) AG

Greece	Alpha Bank SA Eurobank Ergasias SA National Bank of Greece SA Piraeus Bank SA

Hungary	Magyar Nemzeti Bank OTP Bank FHB Mortgage Bank Merkantil Bank Kereskedelmi és Hitelbank Magyar Takarékszövetkezeti Bank MKB Bank Porsche Bank Hungaria Kinizsi Bank MagNet Bank Hanwha Bank Budapest Hitel- és Fejlesztési Bank

Ireland	Allied Irish Banks Bank of Ireland

Italy	Banca Agricola Popolare di Ragusa Banca del Fucino Banca del Piemonte Banca delle Marche Banca di Imola Banca Monte dei Paschi di Siena Banca Nazionale del Lavoro Banca Popolare del Lazio Banca Popolare dell'Emilia Romagna Banca Popolare di Milano Banca Popolare di Sondrio Banca Popolare di Vicenza Banca Sella Banca Tercas Banco Popolare Cassa di Risparmio della Provincia di Chieti Cassa di Risparmio di Cesena Cassa di Risparmio di Fermo Nuova Cassa di Risparmio di Ferrara Cassa di Risparmio di Loreto Cassa di Risparmio di Ravenna Credito Emiliano Credito Valtellinese ICCREA Banca Intesa Sanpaolo Istituto Centrale delle Banche Popolari Italiane Raiffeisen Landesbank Südtirol – Cassa Centrale Raiffeisen dell'Alto Adige Südtiroler Volksbank – Banca Popolare dell'Alto Adige UBI Banca UniCredit Veneto Banca

Luxembourg	Banque et Caisse d'Épargne de l'État Banque Raiffeisen Banque Internationale à Luxembourg SA KBL European Private Bankers Société Générale Bank & Trust

Netherlands	ABN Amro Bank NV De Nederlandsche Bank ING Bank NV Rabobank Nederland

Poland	Bank BPH SA Narodowy Bank Polski

Portugal	Banco BPI SA Banco Comercial Português Crédito Agrícola Caixa Geral de Depósitos Novo Banco

Slovenia	Banka Slovenije

Spain	Banco Bilbao Vizcaya Argentaria, S.A. Banco Popular Español, S.A. Banco Sabadell, S.A. Bankinter, S.A. Banco Santander, S.A. CaixaBank, S.A. (La Caixa) Catalunya Banc, S.A. (CatalunyaCaixa) Kutxabank, S.A. ABANCA Corporación Bancaria, S.A. (Abanca) Caja Laboral Popular, Cooperativa de Crédito (Caja Laboral) Banco Cooperativo Español, S.A. (Caja Rural) CECABANK, S.A.

Sweden	Skandinaviska Enskilda Banken Svenska Handelsbanken Swedbank AB Nordea Bank AB

United Kingdom	Bank of Tokyo-Mitsubishi UFJ Ltd. Barclays Bank PLC Citibank NA DNB Bank (NOR) HSBC Bank PLC JPMorgan Chase Bank, N.A., London Branch Kookmin Bank International Ltd. Lloyds Bank PLC MashreqBank psc (UAE) Royal Bank of Scotland PLC UBS AG Wells Fargo Bank NA

Non-EU	Bank of China (CHN)

Insurance companies of Italy

Italian insurance companies	Assicurazioni Generali Generali Italia Alleanza Assicurazioni Genertellife Unipol UnipolSai Linear Assicurazioni Linear Life UniSalute Arca Vita Popolare Vita Cattolica Assicurazioni BCC Assicurazioni BCC Vita Lombarda Vita FATA Assicurazioni Danni TUA Assicurazioni Vittoria Assicurazioni Assimoco Eurovita Assicurazioni Ri-Fin Global Assistance

Italian banks with insurance subsidiaries	Intesa Sanpaolo Intesa Sanpaolo Vita Poste italiane Poste Vita and Poste Assicura Banca Mediolanum Banca Popolare di Vicenza ABC Assicura Berica Vita Cattolica Life Credito Emiliano Credemvita Banca Sella Group CBA Vita

Italian banks with insurance joint ventures	Banco Popolare Popolare Vita ICCREA Banca BCC Assicurazioni BCC Vita

Italian banks with foreign insurance joint ventures	UniCredit CNP UniCredit Vita CreditRas Vita CreditRas Assicurazioni Aviva S.p.A. Banca Monte dei Paschi di Siena AXA MPS Assicurazioni Danni AXA MPS Assicurazioni Vita Credito Emiliano Credemassicurazioni Banca Sella Group InChiaro Banco Popolare Aviva Assicurazioni Vita Avipop Vita

foreign companies with Italian insurance subsidiaries	Allianz BNP Paribas Reale Group Reale Mutua Assicurazioni Crédit Agricole Crédit Agricole Vita Aviva Aviva Italia Holding AXA Groupama Old Mutual Old Mutual Wealth Italy Covéa Bipiemme Vita Zurich Insurance Zurich Investment Life Talanx HDI Assicurazioni Apollo Global Management Carige Vita Nuova Carige Assicurazioni

related topics	Italian Insurance Supervisory Authority

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