Banca Monte Parma
Type | Subsidiary (Società per Azioni) |
---|---|
Industry | Financial services |
Founded | 27 January 1488 |
Defunct | 2015 |
Headquarters | Piazzale Jacopo Sanvitale, Parma, Italy |
Key people | Flavio Venturini (president)[1] |
Products | Retail and investment banking, insurance, investment management |
Revenue | €84.775 million (2014)[1] |
€30.939 million (2014)[1] | |
(€9.762 million) (2014)[1] | |
Total assets | €2.171 billion (2014)[1] |
Total equity | €178 million (2014)[1] |
Owner | Fondazione Monteparma (1991–2011, majority; 2011–2014, minority) Intesa Sanpaolo (2011–) |
Parent | Intesa Sanpaolo (98.62%) |
Website | monteparma.it |
Banca Monte Parma was an Italian regional bank, active in the provinces of Parma, Piacenza and Reggio-Emilia. In mid-2015 it was absorbed into the parent company.
History[]
The bank was founded in Parma in 1488 as Mons Pietatis Almae Civitatis Parmae by Bernardine of Feltre, in order to combat usury – he was known for his violent anti-Judaism. This makes it one of the oldest banks in the world.
Operations[]
In 1991, in order to comply with new Italian banking regulations, the company became a joint-stock company and a subsidiary of Fondazione Monte di Parma (Fondazione Monteparma).[2]
[]
From 1994 to 1999, Cassa di Risparmio delle Provincie Lombarde (Cariplo) owned 20.5% of Banca Monte Parma with the rest held by the foundation. Cariplo was a wholly owned subsidiary of Banca Intesa since 1998.[3]
Foundation & Banca MPS joint venture[]
In August 1999 Banca Intesa sold all shares it held to Banca Monte dei Paschi di Siena.[4] Banca also acquired shares from the foundation directly. At the year end of 2000, the foundation held 50.47% shares, followed by Banca MPS for 41%, its subsidiary "Monte Paschi Vita" for 7.72% (in 2001 8.26% ) and the rest held by others.[5][6] In 2007, Banca MPS consolidated its ownership to be held by Banca MPS SpA only, for 49.27%.[7]
Independent again[]
In 2008, Banca MPS sold all its ownership. The foundation increased its ownership ratio to 68.74%, as well as the introduction of Fondazione di Piacenza e Vigevano (who lost the ownership on Cassa di Risparmio di Piacenza e Vigevano)[8] and Banca Sella Holding, for 15% and 10% respectively.[9] CBA Vita (a subsidiary of Banca Sella Holding) and both held 3%.[9] In the next year Fondazione di Piacenza e Vigevano increased to 18% ownership, with Banca Sella reduced to 4.597%, as well as HDI reduced to 2.2% and introduction of new investor Compagnia Generale Immobiliare S.r.l. ("CGI" in short) for 3%.[10][11] The ratio remain almost constant until the takeover of Intesa Sanpaolo on 26 July 2011.
Intesa Sanpaolo era[]
On 26 July 2011 Intesa Sanpaolo acquired all shares from Banca Sella Holding, CBA Vita and HDI Assicurazioni, as well as part of the shares from Fondazione Monteparma, Fondazione di Piacenza e Vigevano and CGI. The new ownership became Intesa Sanpaolo 60.798%, Fondazione Monte di Parma 20.987%, Fondazione di Piacenza e Vigevano 15.214%, CGI 2.536%.[12]
In 2012 Intesa Sanpaolo further increased to 78.617% from recapitalization, as well as the foundations both reduced to 10% each and CGI 1.254%.[13]
The bank was a member of the Euro Banking Association,[14] however it is no longer a member after it became a subsidiary.[15]
On 22 December 2014 Intesa Sanpaolo acquired the 20% from the foundations;[16] At the end of 2014 financial year Intesa Sanpaolo was the major shareholder of Banca Monte Parma for 98.62%.[17]
In mid-2015 the bank was absorbed into Intesa Sanpaolo.
Sponsorship[]
The bank was the principal sponsor of Serie A football team Parma F.C..[citation needed] The bank also owned 20% shares of "Eventi Sportivi S.p.A.", the parent company of Parma FC SpA in 2008 (increased from 10%[18] after recapitalization from €3m to €6m),[19] but diluted back to 5% in 2009,[20] followed by 4.2% in 2011.[21] As of 2014 financial year, the bank still retained the shares.[1]
See also[]
References[]
- ^ Jump up to: a b c d e f g "Relazione e bilancio di BANCA MONTE PARMA dell'esercizio 2014" (PDF) (in Italian). Banca Monte Parma. 18 March 2015. Retrieved 31 March 2015.
- ^ "Archived copy". Archived from the original on 2015-03-25. Retrieved 2015-03-22.CS1 maint: archived copy as title (link)
- ^ http://www.group.intesasanpaolo.com/scriptIsir0/si09/contentData/view/Graficop.pdf?id=CNT-04-0000000026FA3&ct=application/pdf
- ^ http://www.group.intesasanpaolo.com/scriptIsir0/si09/contentData/view/99consRelazGestione.pdf?id=CNT-04-00000000270EC&ct=application/pdf
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 2016-03-09. Retrieved 2015-03-22.CS1 maint: archived copy as title (link)
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 2015-09-24. Retrieved 2015-03-22.CS1 maint: archived copy as title (link)
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 2015-04-02. Retrieved 2015-03-22.CS1 maint: archived copy as title (link)
- ^ http://www.lafondazione.com/istituzione/bilancio/Bilancio_2008_completo.zip
- ^ Jump up to: a b "Archived copy" (PDF). Archived from the original (PDF) on 2015-04-02. Retrieved 2015-03-20.CS1 maint: archived copy as title (link)
- ^ "2009 Annual Individual Report" (PDF). Banca Sella Holding. 21 June 2010. Retrieved 14 March 2016.
- ^ "Archived copy" (PDF). Archived from the original (PDF) on 2015-04-02. Retrieved 2015-03-22.CS1 maint: archived copy as title (link)
- ^ http://www.monteparma.it/contentData/view/2011_06_30_monteparma_semestrale.pdf?id=CNT-05-000000012E02E&ct=application/pdf
- ^ http://www.monteparma.it/contentData/view/2012_12_31_monteparma_bilancio_2012.pdf?id=CNT-05-000000012E030&ct=application/pdf
- ^ "Archived copy". Archived from the original on 2015-04-02. Retrieved 2015-03-20.CS1 maint: archived copy as title (link)
- ^ "Archived copy". Archived from the original on 2015-04-02. Retrieved 2015-03-20.CS1 maint: archived copy as title (link)
- ^ "FONDAZIONE MONTEPARMA HA CEDUTO LA TOTALITÀ DELLA RESIDUA QUOTA DI PARTECIPAZIONE IN BANCA MONTE PARMA A INTESA SANPAOLO" (in Italian). Fondazione Monteparma. 22 December 2014. Archived from the original on 25 March 2015. Retrieved 22 March 2015.
- ^ http://www.group.intesasanpaolo.com/scriptIsir0/si09/contentData/view/20150318_Bilanci%202014_Deposito_Consolidato.pdf?id=CNT-05-0000000259B2D&ct=application/pdf
- ^ http://www.monteparma.it/contentData/view/2007_12_31_monteparma_bilancio4.pdf?id=CNT-05-000000012E01C&ct=application/pdf
- ^ http://www.monteparma.it/contentData/view/2008_12_31_monteparma_bilancio2.pdf?id=CNT-05-000000012E01F&ct=application/pdf
- ^ http://www.monteparma.it/contentData/view/2009_12_31_monteparma_bilancio3.pdf?id=CNT-05-000000012E023&ct=application/pdf
- ^ http://www.monteparma.it/contentData/view/2012_05_07_BMP_Bilancio_2011.pdf?id=CNT-05-000000012E02F&ct=application/pdf
External links[]
- Banca Monte Parma Official website (in Italian)
- Banks established in the 15th century
- Banks disestablished in 2015
- 1488 establishments in Europe
- 15th-century establishments in Italy
- Italian companies disestablished in 2015
- Defunct banks of Italy
- Companies based in Parma
- Former Intesa Sanpaolo subsidiaries
- Intesa Sanpaolo acquisitions
- Mounts of piety
- Former Montepaschi subsidiaries