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Istituto Per Il Credito Sportivo
Istituto per il Credito Sportivo is an Italian public bank which was under special administration by Banca d'Italia since 2011. According to new articles of association passed in 2014 (that superseded 2005 version), the bank was majority owned by Italian Ministry of Economy and Finances (80.438%), Cassa Depositi e Prestiti (2.214%) and Coni Servizi (a company owned by Ministry of Economy and Finances but associated with CONI) (6.702%) as well as other private banks: UniCredit, Banca Monte dei Paschi di Siena, Intesa Sanpaolo, Banca Nazionale del Lavoro, Assicurazioni Generali, Banco di Sardegna and Crediop. the new articles of association recalculated the ownership ratio, making private sectors had owned just 11% capital of the bank. The articles of association was also modified in 1993. Services The bank was specialized in sports venue, for example a €60 million loan to Juventus F.C. S.p.A. for its Juventus Stadium project; The institution also formed a preliminary agreement w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Statutory Corporation
A statutory corporation is a government entity created as a statutory body by statute. Their precise nature varies by jurisdiction, thus, they are statutes owned by a government or controlled by national or sub-national government to the (in some cases minimal) extent provided for in the creating legislation. Bodies described in the English language as "statutory corporations" exist in the following countries in accordance with the associated descriptions (where provided). Australia In Australia, statutory corporations are a type of statutory authority created by Acts of state or federal parliaments. A statutory corporation is defined in the government glossary as a "statutory body that is a body corporate, including an entity created under section 87 of the PGPA Act" (i.e. a statutory authority may also be a statutory corporation). An earlier definition describes a statutory corporation as "a statutory authority that is a body corporate", and the New South Wales Governme ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Elmas
Elmas, Su Masu in Sardinian language, is a ''comune'' (municipality) of the Metropolitan City of Cagliari in the Italian region of Sardinia, located about northwest of Cagliari. Until 1989 Elmas was a district of Cagliari. It is best known locally as the location for the airport which serves Cagliari, some to the east to the town. According to 2011 census, it has 8,949 inhabitants. Climate Elmas has a hot-summer Mediterranean climate (Köppen: ''Csa'') with summers being very hot and dry and winter mild and humid, associated with high subtropical pressure. The snow turns out to be a rare phenomenon, unlike mountains not so distant. Its precipitation values also bring it closer to semi-arid A semi-arid climate, semi-desert climate, or steppe climate is a dry climate sub-type. It is located on regions that receive precipitation below potential evapotranspiration, but not as low as a desert climate. There are different kinds of semi- ... conditions. Notes Reference ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Government-owned Companies Of Italy
State ownership, also called government ownership and public ownership, is the ownership of an industry, asset, or enterprise by the state or a public body representing a community, as opposed to an individual or private party. Public ownership specifically refers to industries selling goods and services to consumers and differs from public goods and government services financed out of a government's general budget. Public ownership can take place at the national, regional, local, or municipal levels of government; or can refer to non-governmental public ownership vested in autonomous public enterprises. Public ownership is one of the three major forms of property ownership, differentiated from private, collective/cooperative, and common ownership. In market-based economies, state-owned assets are often managed and operated as joint-stock corporations with a government owning all or a controlling stake of the company's shares. This form is often referred to as a state-owned e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banks Of Italy
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Di Sicilia
Banco di Sicilia was an Italian bank based in Palermo, Sicily. It was a subsidiary of UniCredit but absorbed into the parent company in 2010. History It was founded as ''Banco Regio dei Reali Domini al di là del Faro'' in 1849 and was renamed in 1860. From 1867 to 1926 the Banco di Sicilia was granted permission to issue legal tender currency (along Bank of Italy and Banco di Napoli). As public institution it was among the largest banks in Italy, with foreign branches and subsidiaries in United States (''Trust Company Bank of Sicily''), Libya (Sahara Bank), United Kingdom, Germany, Denmark, France and UAE. In 1997 it acquired Sicilcassa, at the same time the capital increase of Banco di Sicilia was subscribed by Mediocredito Centrale. In 1999 Mediocredito Centrale Group was acquired by Banca di Roma. Banco di Sicilia became a subsidiary the group. According to the Bank of Italy, Banco di Sicilia had market shares of 34% at that time in the island, in terms of branches. The sum ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Capitalia
Capitalia was an Italian banking group headquartered in Rome. The bank was a listed company in Borsa Italiana (Milan Stock Exchange). The bank was acquired by UniCredit by issuing new shares of UniCredit for shares of Capitalia. History Capitalia was formed on 1 July 2002 in a merger of Banca di Roma (and its subsidiary Banco di Sicilia and Mediocredito Centrale) and Bipop Carire (and its subsidiary Fineco). In the same year the bank sold 10 branches from Apulia, Campania and Molise regions to Banca Popolare di Puglia e Basilicata. Capitalia in turn agreed to be taken over by UniCredit in May 2007, becoming part of the second-largest bank in the European Union by stock market value and the sixth-largest in the world. Merger with UniCredit In May 2007, plans were finalized for the buyout of Capitalia by its larger Italian rival, UniCredit. All banks of the Capitalia group in Northern Italy will be reconfigured as UniCredit banks; in turn, all Unicredit banks in the rest of Italy ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Banco Di Napoli
Banco di Napoli S.p.A., among the oldest banks in the world, was an Italian banking subsidiary of Intesa Sanpaolo group, as one of the 6 retail brands other than "Intesa Sanpaolo". It was acquired by the Italian banking group Sanpaolo IMI (the predecessor of Intesa Sanpaolo) in 2002 and ceased being an independent bank. In February 2018, Intesa Sanpaolo announced their new business plan, which would retire Banco di Napoli and other brands; the legal person of Banco di Napoli would be absorbed into Intesa Sanpaolo S.p.A. History The Banco of Naples is one of the most important and oldest historic banks, as its origins date back to the so-called public benches of charitable institutions, which arose in Naples between the sixteenth and seventeenth centuries, especially at a mount of piety founded in 1539 on a pledge to lend without interest, which in 1584 opened a case of deposits, recognised by a proclamation of the viceroy of Naples in the same year. According to some scholars its ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sanpaolo IMI
Sanpaolo IMI S.p.A. was an Italian banking and insurance conglomerate, based in Turin. It employed about 44,000 people and had about 7 million customers. On 24 August 2006 a merger with Banca Intesa was announced, which on 1 December 2006 was approved by the joint meetings of the shareholders of Banca Intesa and Sanpaolo IMI. On 2 January 2007 the merger went into effect, thereby creating Intesa Sanpaolo, now the largest Italian bank and one of the largest in the Eurozone. The new banking company based in Turin and is administered under the "two-tier model", with the presence of a Supervisory Board and a Board of Management. This was the first application of this model in a major Italian company. History Sanpaolo IMI was formed by many merger of banks, which in 1998 Istituto Bancario San Paolo di Torino merged with Istituto Mobiliare Italiano. In 2002, the group absorbed Cardine Banca, a short lived holding company that consist of Cassa di Risparmio in Bologna, Cassa di Risparmi ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Factoring (finance)
Factoring is a financial transaction and a type of debtor finance in which a business ''sells'' its accounts receivable (i.e., invoices) to a third party (called a factor) at a discount.O. Ray Whittington, CPA, PhD, "Financial Accounting and Reporting", Wiley CPAexcel EXAM REVIEW STUDY GUIDE, John Wiley & Sons Inc., 2014 A business will sometimes factor its receivable assets to meet its present and immediate cash needs.The Wall Street Journal, "How to Use Factoring for Cash Flo small-business/funding. Forfaiting is a factoring arrangement used in international trade finance by exporters who wish to sell their receivables to a forfaiter.Please refer to the Wiki article forfaiting for further discussion on cites. Factoring is commonly referred to as accounts receivable factoring, invoice factoring, and sometimes accounts receivable financing. Accounts receivable financing is a term more accurately used to describe a form of asset based lending against accounts receivable. The C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Mascalucia
Mascalucia ( Sicilian: ''Mascalucìa'') is a ''comune'' (municipality) in the Metropolitan City of Catania in the Italian region Sicily, located about southeast of Palermo and about north of Catania. Mascalucia borders the following municipalities: Belpasso, Catania, Gravina di Catania, Nicolosi, Pedara, San Pietro Clarenza, Tremestieri Etneo Tremestieri Etneo ( scn, Trimmisteri) is a ''comune'' (municipality) in the Metropolitan City of Catania in the Italian region Sicily, located about southeast of Palermo and about north of Catania. Tremestieri Etneo borders the following mun .... It is also the most populated Comune of Catania's province. References External links Official website Cities and towns in Sicily {{Sicily-geo-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Torre Del Grifo Village
''Torre'' (plurals ''torri'' and ''torres'') means ''tower'' in seven Romance languages ( Portuguese, Spanish, Galician, Catalan, Italian, Occitan and Corsican) and may refer to: Biology * Muir-Torre syndrome, the inherited cancer syndrome * ''Sypharochiton torri'', a mollusc Chess * Carlos Torre Repetto, Mexican chess grandmaster ** Torre Attack, an opening in chess * Eugenio Torre (born 1951), Filipino chess grandmaster * An alternative name for a rook in chess Places Brazil * Torre, a neighborhood in the metropolitan area of Recife England * Torre, Torquay, an area of Torquay in Devon * Torre, Somerset, a hamlet in the county of Somerset France * Torre, Corsica Italy * Torre Annunziata, a comune in the province of Naples in the region of Campania * Torre Archirafi, a frazione in the comune of Riposto in the province of Catania in the region of Sicily * Torre Boldone, a comune in the province of Bergamo in the region of Lombardy * Torre Bormida, a co ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
