Credito Siciliano

Credito Siciliano
Native name
Credito Siciliano
Formerly called
  • Monte Grande di Pietà di Sant'Agata
  • Monte di Credito Su Pegno Sant'Agata
  • Banca del Monte Sant'Agata
  • Nuova Banca del Monte Sant'Agata S.p.A.
  • Banca Regionale Sant'Angelo S.p.A.
Società per Azioni
Industry Financial services
Founded
  • 17 December 1809 (1809-12-17) (mount of piety)
  • 25 May 1994 (1994-05-25) (S.p.A.)
  • 1 January 2001 (2001-01-01) (Banca Regionale)
  • 19 June 2002 (2002-06-19) (Credito Siciliano)
Headquarters 40/B Via Sclafani, Acireale, Italy
Number of locations
137 branches (2014)
Area served
Sicily
Services Retail and corporate banking
Decrease (€23,942,830) (2014)
Total assets Decrease €3,968,745,240 (2014)
Total equity Decrease €168,203,308 (2014)
Owner Credito Valtellinese (98.0%)
Parent Credito Valtellinese
Capital ratio 6.74% (CET1)[1]
Website Official website

Credito Siciliano is an Italian bank based in Palermo, Sicily. It is a subsidiary of Credito Valtellinese.

The bank had 136 branches, 133 located in Sicily (Province of Agrigento: 4; Province of Caltanissetta: 7; Province of Catania: 51; Province of Enna: 2; Province of Messina: 18; Province of Palermo: 26; Province of Ragusa: 9; Province of Siracusa: 6 and Province of Trapani: 10), plus 3 more in mainland Italy (Milan, Rome, Turin).

History

Credito Siciliano was formed on 1 July 2002 by the merger of Banca Popolare Santa Venera (a subsidiary of Credito Valtellinese), Banca Regionale Sant'Angelo (a subsidiary of Credito Artigiano), Leasingroup Sicilia (a subsidiary of Banca Regionale Sant'Angelo, with BP Santa Venera had a minority interests) and the retail division of Cassa San Giacomo (a subsidiary of Credito Valtellinese).[2] The new bank was owned by Credito Valtellinese for 39.43%, as well as through its subsidiary Credito Artigiano for 35.79% at that time.[3]

Banca Regionale Sant'Angelo

Banca Regionale Sant'Angelo was an Italian bank based on 1/E via Siracusa, Palermo, Sicily. The bank was formed by Banca Popolare Sant'Angelo injected part of the bank assets to Nuova Banca del Monte Sant'Agata S.p.A. (a company that received the assets of a mount of piety of Catania found circa 1809),[4][5] on 1 January 2001 as well as sold the company to Credito Artigiano (part of Credito Valtellinese group) in 2001. The shares of Banca Regionale Sant'Angelo was also distributed to the shareholders of Banca Popolare Sant'Angelo, making Credito Artigiano launched a public acquisition offer to buy the remaining 55% shares of the Banca Regionale in 2001.[6][7] In 2002 Banca Regionale Sant'Angelo absorbed other subsidiaries of Credito Valtellinese to form Credito Siciliano.

The former headquarters of Banca Monte Sant'Agata on via Sant'Euplio was sold to a company. The site was refurbished as a hotel.[8]

Leasingroup Sicilia

Leasingroup Sicilia was a finance leasing company based in Sicily. Banca Popolare Sant'Angelo increased it stake in the company in 1990s, but spin off to inject the stake to Banca Regionale Sant'Angelo circa 2001. As at 31 December 2001, Banca Popolare di Lodi also owned 5.12% stake .

References

  1. "2014 Relazione e Bilancio" (PDF) (in Italian). Credito Siciliano. 14 October 2015. Retrieved 5 March 2016.
  2. "2001 Relazione e Bilancio" (PDF) (in Italian). Credito Valtellinese. 29 April 2002. Retrieved 5 March 2016.
  3. "2002 Relazione e Bilancio" (PDF) (in Italian). Credito Valtellinese. 22 May 2003. Retrieved 5 March 2016.
  4. Catania Fondazione del Monte di Bologna e Ravenna (in Italian)
  5. "Nuova Banca del Monte Sant'Agata - S.p.A." (in Italian). Italian Republic Official Gazette. 22 August 1994. Retrieved 22 April 2016.
  6. "OFFERTA PUBBLICA DI ACQUISTO su azioni ordinarie Banca Regionale Sant'Angelo" (PDF). Credito Artigiano (in Italian). CONSOB archive. 11 May 2001. Retrieved 21 April 2016.
  7. "Il Credito Artigiano - Gruppo Credito Valtellinese - e la Banca Popolare Sant'Angelo avviano lo sviluppo di una nuova realta' nel panorama bancario siciliano" (in Italian). Credito Valtellinese. 9 May 2000. Retrieved 21 April 2016.
  8. Ex Banca del Monte di Pietà S. Agata

See also


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