MedioCredito Italiano S.p.A. (MCI) is an Italian commercial bank based in Milan, Lombardy.[2]

MedioCredito Italiano S.p.A.
Formerly
  • MedioCredito Lombardo
  • Banca Intesa MedioCredito
  • Banca IntesaBCI MedioCredito
  • Intesa MedioCredito
Company typeSubsidiary
IndustryFinancial services
Founded1953; 71 years ago (1953)
FounderCassa di Risparmio delle Provincie Lombarde
Headquarters18 via Montebello, ,
Italy
Area served
Italy
Key people
ServicesFinancial leasing, factoring and medium-term loan
Increase (€80,538,191.45) (2014[1])
Total assetsDecrease €47.986 billion (2014[1])
Total equityDecrease €2.221 billion (2014[1])
OwnerIntesa Sanpaolo (100%)
ParentIntesa Sanpaolo
Capital ratioIncrease 9.2% (CET1)
Websitewww.mediocreditoitaliano.com

History

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Istituto di credito per il finanziamento a medio termine alle piccole e medie industria della Lombardia, or MedioCredito Lombardo in short, was found in 1953 with Cassa di Risparmio delle Provincie Lombarde (Cariplo) as the major funder. It was part of the MedioCredito initiative. In January 1992 the bank had changed from statutory corporation (Italian: ente di diritto pubblico) to limited company (Italian: società per azioni).[3] As at 31 December 1996, Cariplo Group was the major shareholders of Mediocredito Lombardo (79.37%). The rest was owned by banks in Italy, such as Banca Apulia (0.013%).[4]

Cariplo Group also owned 42.07% shares of MedioCredito Abruzzese e Molisano and 42.32% shares of MedioCredito del Sud, which was absorbed into MedioCredito Lombardo in 1997 and 1999 respectively. In 1998 Banca Intesa also became the ultimate parent company of MedioCredito Lombardo.

In 1999–2000 Mediocredito Lombardo acquired the controlling interests of Credito Industriale Sardo from the Ministry of the Treasury [it] (53.23%). In 2000, the bank was renamed to Banca Intesa MedioCredito, which became Banca IntesaBCI MedioCredito in 2001 to in line with the name change of the bank group. In 2003 the bank reverted to use Banca Intesa MedioCredito as legal name, or Intesa MedioCredito in short.

In 2007 the parent company merged with Sanpaolo IMI to form Intesa Sanpaolo Group. In 2008 the bank was renamed to MedioCredito Italiano.

In 2014, Leasint, Centro Leasing, leasing division of Neos Finance, Mediofactoring, Centro Factoring and Agriventure were merged into MedioCredito Italiano.[5]

References

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  1. ^ a b c d "2014 Annual Report" (PDF). Mediocredito Italiano. 27 August 2015. Retrieved 10 March 2016.
  2. ^ "About Us". Mediocredito Italiano. Retrieved 2017-04-19.
  3. ^ Ministry of the Treasury (30 January 1992). "Approvazione del progetto di ristrutturazione presentato dal Mediocredito lombardo" (in Italian). Italian Republic Official Gazette. Retrieved 10 March 2016.
  4. ^ "1996 Bilancio" (in Italian). Banca Apulia. 1997. Retrieved 19 April 2016.
  5. ^ "History". Mediocredito Italiano. Retrieved 2017-04-19.
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