Credito Siciliano

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For defunct bank, see .
Credito Siciliano
Native name
Credito Siciliano
Formerly
  • Nuova Banca del Monte Sant'Agata S.p.A.
  • Banca Regionale Sant'Angelo S.p.A.
Typesubsidiary
IndustryFinancial services
Predecessor
  • Monte Grande di Pietà di Sant'Agata
  • Monte di Credito su Pegno Sant'Agata
  • Banca del Monte Sant'Agata
Founded
  • 17 December 1809 (1809-12-17) (predecessor)
  • 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
Acireale
,
Italy
Number of locations
137 branches (2014)
Area served
Sicily
ServicesRetail and corporate banking
Decrease (€0024 million) (2014)
Total assetsDecrease €3.969 billion (2014)
Total equityDecrease €0168 million (2014)
OwnerCredito Valtellinese (98.0%)
ParentCredito Valtellinese
Capital ratio6.74% (CET1)[1]
WebsiteOfficial website

Credito Siciliano is an Italian bank headquartered in Acireale,[2] Sicily and previously Palermo.[1] 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).

Predecessors[]

Banca del Monte Sant'Agata[]

Three separate mounts of piety (Italian: monti di pietà) were founded in Catania, at that time part of the Kingdom of Sicily.[3] Monte Grande di Pietà di Sant'Agata, the second mount of the city that named after St.Agatha of Sicily, was founded on 17 December 1809.[3] The mount survived until the modern age of Italy, which was last known as Monte di Credito su Pegno – Banca del Monte Sant'Agata di Catania, a credit institution that was governor by  [it], the Italian banking law. The institute was in special administration (Italian: A.S.) from 1992.[4] The institute was also under a.s. in 1981.[5]

In 1994, a company limited by shares, was incorporated by the administrator as Nuova Banca del Monte Sant'Agata S.p.A., acquiring the assets and liabilities of the institute; the old institute was being liquidated (Italian: L.C.A.).[6] The new legal person was later acquired by fellow Sicilian bank Banca Popolare Sant'Angelo.

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. on 1 January 2001[7] as well as sold the company to Credito Artigiano (part of Credito Valtellinese group) in mid-2001, by the subscription of the capital increase of Banca Regionale Sant'Angelo, by Credito Artigiano. 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 (Italian: OPA) to buy the remaining 55% shares of the Banca Regionale in 2001.[8][9] 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, Catania, was sold to a company. The site was refurbished as a hotel.[10]

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 .

History[]

Credito Siciliano was formed on 1 July 2002 by the merger of (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 (a subsidiary of Credito Valtellinese).[11] The new bank was owned by Credito Valtellinese for 39.43% shares, as well as through its subsidiary Credito Artigiano for an additional 35.79% shares at that time.[12]

References[]

  1. ^ a b "2014 Relazione e Bilancio" (PDF) (in Italian). Credito Siciliano. 14 October 2015. Retrieved 5 March 2016.
  2. ^ http://www.gruppocreval.com/Pagine/credito-siciliano/Sede-legale.aspx
  3. ^ a b Righi, L. "Catania (1546)" (in Italian). Fondazione del Monte di Bologna e Ravenna. Retrieved 8 December 2017.[permanent dead link]
  4. ^ "[1992] Relazione" (in Italian). Fondo Interbancario di Tutela dei Depositi. 1993. Retrieved 8 December 2017.
  5. ^ "Proroga dell'amministrazione straordinaria del Monte di credito su Ppegno – Banca del monte Sant'Agata di Catania" (PDF). Gazzetta Ufficiale della Regione Siciliana (in Italian). 3 October 1981 [Written on 24 July 1981]. p. 1192. Retrieved 8 December 2017.
  6. ^ "Nuova Banca del Monte Sant'Agata - S.p.A." Gazzetta Ufficiale (in Italian). 22 August 1994. Retrieved 22 April 2016.
  7. ^ Banca Popolare Sant'Angelo; Nuova Banca del Monte S. Agata (24 August 2000) [written on 16 August 2000]. Written at Palermo. "Estratto del progetto scissione parziale". Gazzetta Ufficiale (in Italian). Rome. Retrieved 18 December 2017.
  8. ^ "OFFERTA PUBBLICA DI ACQUISTO su azioni ordinarie Banca Regionale Sant'Angelo" (PDF) (in Italian). Credito Artigiano. 11 May 2001. Retrieved 21 April 2016 – via CONSOB archive.[permanent dead link]
  9. ^ "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.
  10. ^ Ex Banca del Monte di Pietà S. Agata
  11. ^ "2001 Relazione e Bilancio" (PDF) (in Italian). Credito Valtellinese. 29 April 2002. Retrieved 5 March 2016.
  12. ^ "2002 Relazione e Bilancio" (PDF) (in Italian). Credito Valtellinese. 22 May 2003. Retrieved 5 March 2016.

See also[]

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