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Associazione Bancaria Italiana
Associazione Bancaria Italiana is the trade association of Italian banks. The association was founded in 1919, few years after the Association of Italian Saving Banks (ACRI, founded 1912), the Association of Italian Rural Credit Unions (''Cassa Rurale ed Artigiana'', founded 1915) and more than 40 years after the Association of Popular Banks of Italy (''Banca Popolare'', founded 1876). Chairmen * Maurizio Sella (Banca Sella) * Giuseppe Mussari (Banca Monte dei Paschi di Siena, ?–2013) * Antonio Patuelli (Cassa di Risparmio di Ravenna La Cassa di Ravenna S.p.A., formerly Cassa di Risparmio di Ravenna S.p.A. and Cassa di Risparmio di Ravenna, is an Italian savings bank. The bank is based in Ravenna, Emilia-Romagna region. The bank also has branches in Ancona and Gabicce Mare in M ..., 2013–) References External links * Banking in Italy Business organisations based in Italy Organizations established in 1919 1919 establishments in Italy {{Italy-org-stub ...
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Trade Association
A trade association, also known as an industry trade group, business association, sector association or industry body, is an organization founded and funded by businesses that operate in a specific Industry (economics), industry. An industry trade association participates in public relations activities such as advertising, education, publishing, lobbying, and political donations, but its focus is collaboration between companies. Associations may offer other services, such as producing conferences, holding networking or charitable events, or offering classes or educational materials. Many associations are non-profit organizations governed by bylaws and directed by officers who are also members. In countries with a social market economy, the role of trade associations is often taken by employers' organizations, which also take a role in social dialogue. Political influence One of the primary purposes of trade groups, particularly in the United States, is to attempt to influence p ...
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Banca Sella Group
Banca Sella Holding S.p.A. is an Italian holding company for the Banca Sella Group ( it, Gruppo Banca Sella). The main company of the group was Banca Sella S.p.A., an Italian bank based in Biella, Piedmont. According to research by Mediobanca, Banca Sella Group was ranked the 18th largest bank in Italy by total assets as of 17 January 2022. 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 Biella date back to the late '30s (Ponzone, Trivero, ...
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Banca Monte Dei Paschi Di Siena
Banca Monte dei Paschi di Siena S.p.A. (), known as BMPS or just MPS, is an Italian bank. Tracing its history to a mount of piety founded in 1472 () and established in its present form in 1624 (), it is the world's oldest or second oldest bank, depending on the definition, and the fifth largest Italian commercial and retail bank. In 1995, the bank (then known as Monte dei Paschi di Siena) was transformed from a statutory corporation to a limited company called Banca Monte dei Paschi di Siena (Banca MPS). The Fondazione Monte dei Paschi di Siena was created to continue the charitable functions of the bank and to be, until the bailout in 2013, its largest single shareholder. According to research by Mediobanca and a press release issued by Banco BPM, Banco BPM overtook BMPS as the third largest commercial banking group in Italy (in terms of total assets) on 31 December 2016, after Banco BPM's formal formation on 1 January 2017. In 2016–17, BMPS was struggling to avoid a collap ...
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Cassa Di Risparmio Di Ravenna
La Cassa di Ravenna S.p.A., formerly Cassa di Risparmio di Ravenna S.p.A. and Cassa di Risparmio di Ravenna, is an Italian savings bank. The bank is based in Ravenna, Emilia-Romagna region. The bank also has branches in Ancona and Gabicce Mare in Marche region and in Rome, Lazio region. History Since the bank reform due to in 1991, the bank was split into a società per azioni and a non-profit banking foundation "Fondazione Cassa di Risparmio di Ravenna". In 2016, the minority shareholders of subsidiary Argentario, including Assicurazioni Generali (for 13.50%), accepted the plan to sell their shares of Argentario to the bank, for 16.191 shares of Argentario to 1 share of the bank. The bank paid the minority shareholders by treasury shares. The bank owned 98.24% shares of the intermediate holding company, increasing from 82.30%. Subsidiaries * Banco di Lucca e del Tirreno * Italcredi (70.00%) * Sorit (76.05%) * Banca di Imola * Consultinvest Asset Management SGR (Joint venture, ...
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Banking In Italy
The origins of modern banking can be traced to medieval and early Italian Renaissance, to the rich cities in the north like Florence, Lucca, Siena, Venice and Genoa. The Bardi and Peruzzi families dominated banking in 14th-century Florence, establishing branches in many other parts of Europe. One of the most famous Italian banks was the Medici Bank, set up by Giovanni di Bicci de' Medici in 1397. The earliest known state deposit bank, Banco di San Giorgio (Bank of St. George), was founded in 1407 at Genoa, Italy, while Banca Monte dei Paschi di Siena, founded in 1472, is the oldest surviving bank in the world. In 1893, following the Banca Romana scandal, the Italian government formed the Bank of Italy, the nation's first central bank, as part of massive reforms to the banking sector. There are three main types of credit institutions and banks in Italy. Commercial banks, which include three national banks, chartered banks, cooperative banks, and private banks across the country a ...
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Business Organisations Based In Italy
Business is the practice of making one's living or making money by producing or buying and selling products (such as goods and services). It is also "any activity or enterprise entered into for profit." Having a business name does not separate the business entity from the owner, which means that the owner of the business is responsible and liable for debts incurred by the business. If the business acquires debts, the creditors can go after the owner's personal possessions. A business structure does not allow for corporate tax rates. The proprietor is personally taxed on all income from the business. The term is also often used colloquially (but not by lawyers or by public officials) to refer to a company, such as a corporation or cooperative. Corporations, in contrast with sole proprietors and partnerships, are a separate legal entity and provide limited liability for their owners/members, as well as being subject to corporate tax rates. A corporation is more complicated and ...
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Organizations Established In 1919
An organization or organisation (Commonwealth English; see spelling differences), is an entity—such as a company, an institution, or an association—comprising one or more people and having a particular purpose. The word is derived from the Greek word ''organon'', which means tool or instrument, musical instrument, and organ. Types There are a variety of legal types of organizations, including corporations, governments, non-governmental organizations, political organizations, international organizations, armed forces, charities, not-for-profit corporations, partnerships, cooperatives, and educational institutions, etc. A hybrid organization is a body that operates in both the public sector and the private sector simultaneously, fulfilling public duties and developing commercial market activities. A voluntary association is an organization consisting of volunteers. Such organizations may be able to operate without legal formalities, depending on jurisdiction, includ ...
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