Mediocredito Italiano S.p.A. (MCI) is an Italian commercial bank based in Milan,

Lombardy Lombardy ( it, Lombardia, Lombard language, Lombard: ''Lombardia'' or ''Lumbardia' '') is an administrative regions of Italy, region of Italy that covers ; it is located in the northern-central part of the country and has a population of about 10 ...

region.

History

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, which

Cassa di Risparmio delle Provincie Lombarde Cassa di Risparmio delle Provincie Lombarde known as Cariplo SpA, was an Italian bank. On 2 January 1998 the bank merged with Banco Ambrosiano Veneto to form Banca Intesa. The company became a short-lived sub-holding company in late 1990s, which w ...

(Cariplo) was the major funder. In January 1992 the bank had changed from

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 ...

( it, ente di diritto pubblico) to limited company ( it, società per azioni). 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%). Cariplo Group also owned 42.07% shares of

Mediocredito Abruzzese e Molisano 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 ...

and 42.32% shares of

Mediocredito del Sud 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 ...

, 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 The Banca di Credito Sardo S.p.A. was an Italian bank headquartered in Cagliari, Sardinia. In 2014 it was absorbed by the parent company Intesa Sanpaolo. The head office building, located in Cagliari, was designed by the Italian architect Renzo ...

from the (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 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 app ...

to form Intesa Sanpaolo Group. In 2008 the bank was renamed to Mediocredito Italiano. In 2014, Leasint, Centro Leasing, leasing division of

Neos Finance Neos Finance was an Italian bank specialized in consumer credit. Before its closure, it was part of Intesa Sanpaolo Group. History Neos Finance started as Finemiro SpA (Fin-Emi-Ro). In 1997 the parent company, Cassa di Risparmio in Bologna of Bank ...

, Mediofactoring, Centro Factoring and Agriventure were merged into Mediocredito Italiano.

References

External links

* {{Banking in Italy Banks established in 1953 Italian companies established in 1953 Banks of Italy Companies based in Milan Cariplo acquisitions Intesa Sanpaolo subsidiaries Leasing companies