Banco di Sicilia was an Italian bank based in Palermo, Sicily. It was a subsidiary of

UniCredit UniCredit S.p.A. is an international banking group headquartered in Milan. It is Italy's only systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world's 34th largest by assets. It was for ...

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 The Bank of Italy ( Italian: ''Banca d'Italia'', informally referred to as ''Bankitalia''), (), is the central bank of Italy and part of the European System of Central Banks. It is located in Palazzo Koch, via Nazionale, Rome. The bank's cur ...

and

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 p ...

). 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 The Sahara Bank ( ar, مصرف الصحارى) is a Libyan commercial bank, established in 1964. The bank performs retail and corporate banking operations and its head office is located in Tripoli. Overview The Sahara Bank was established in 19 ...

), 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 Mediocredito or Istituti Regionali per il Finanziamento alle Medie e Piccole Industrie were 19 Italian banks that established in 1950s to provide medium term loan to small and medium companies (or more specifically industrial companies), they serv ...

. In 1999 Mediocredito Centrale Group was acquired by

Banca di Roma UniCredit Banca di Roma S.p.A. was an Italian bank based in Rome, Lazio region. It was a subsidiary of UniCredit Group. In 2010 the subsidiary was absorbed into the bank, but retained as a registered trademark. In 2008 the bank had 1533 branches: ...

. Banco di Sicilia became a subsidiary the group. According to the

, Banco di Sicilia had market shares of 34% at that time in the island, in terms of branches. The sum of the branches of the second to sixth largest banking group in the island was still lower than 34%. ( Banca Popolare di Lodi,

Banca Antonveneta Banca Antonveneta S.p.A. was an Italian bank based in Padua, Italy. The bank was absorbed into Banca Monte dei Paschi di Siena in 2013. In 2008, it was the 9th largest banking group in Italy in terms of customer loans and the 8th largest in terms ...

Banca Commerciale Italiana Banca Commerciale Italiana (COMIT), founded in 1894, was once one of the largest banks in Italy. In 1999 it merged with a banking group consisting of Cassa di Risparmio delle Provincie Lombarde (aka Cariplo; est. 1823) and Banco Ambroveneto, wh ...

, Banca Monte dei Paschi di Siena and

Banca Popolare Sant'Angelo Banca Popolare Sant'Angelo S.C.p.A. is an Italian cooperative bank based in Licata (in the Province of Agrigento) and Palermo, the capital of Sicily (in the province of the same name). The bank also has one branch in Lampedusa, the south most isl ...

) In 2002 Banco di Roma merged with

Bipop Carire Bipop Carire S.p.A. was an Italian banking group based in Brescia, Lombardy. The group became part of Capitalia in 2002. Capitalia itself became part of UniCredit in 2007, which the brand Bipop Carire was absorbed into UniCredit in 2008. Bipop Cari ...

to form

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 Capitali ...

. In 2007

was acquired by

, which Banco di Sicilia became its subsidiary instead. In 2008, 20 branches of the bank were sold to

Banca Carige Banca Carige S.p.A., historically known as Cassa di Risparmio di Genova e Imperia (Ca.Ri.Ge.) is an Italian bank based in Genoa, with more than 500 bank branches in Italy. The predecessor of the bank, a mount of piety, was founded in 1483 in G ...

. In 2010, UniCredit Banca, Banco di Sicilia and Banca di Roma were absorbed into the parent company UniCredit. As at 31 December 2009, Banco di Sicilia had a total assets of €14,921,651,349 and a shareholders' equity of €422,168,345.

Bibliography

References

External links

Fondazione Banco di Sicilia

Entry
in bankpedia Banks established in 1850 Italian companies established in 1850 Banks disestablished in 2010 Italian companies disestablished in 2010 Defunct banks of Italy Companies based in Palermo Former UniCredit subsidiaries {{Italy-bank-stub

History

See also

Bibliography

References

External links