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

Milan Milan ( , , Lombard: ; it, Milano ) is a city in northern Italy, capital of Lombardy, and the second-most populous city proper in Italy after Rome. The city proper has a population of about 1.4 million, while its metropolitan city h ...

, Lombardy 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 ( it, ente di diritto pubblico) to limited company ( it,

società per azioni ''Società'' (Italian language, Italian: ''Society'') was an Italian communist cultural magazine published in Italy between 1945 and 1961. History and profile ''Società'' was founded as a quarterly magazine in Florence in 1945. The founders wer ...

). 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 Banca Apulia S.p.A. marketed as BancApulia is an Italian bank incorporated in San Severo, in the Province of Foggia, Apulia region ( it, Puglia). The main office of the bank was located in Bari, in the centre of Apulia region instead. The bank was ...

(0.013%). 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 Banca Intesa S.p.A. was an Italian banking group. It was formed in 1998. In the next year the banking group merged with another bank Banca Commerciale Italiana to become IntesaBCi. However, the name of the group was reverted to Banca Intesa in 2 ...

also became the ultimate parent company of Mediocredito Lombardo. In 1999–2000 Mediocredito Lombardo acquired the controlling interests of Credito Industriale Sardo 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 ap ...

to form

Intesa Sanpaolo Intesa Sanpaolo S.p.A. is an Italian international banking group. It is Italy's largest bank by total assets and the world's 27th largest. It was formed through the merger of Banca Intesa and Sanpaolo IMI in 2007, but has a corporate identity ...

Group. In 2008 the bank was renamed to Mediocredito Italiano. In 2014, Leasint,

Centro Leasing Centro may refer to: Places Brazil *Centro, Santa Maria, a neighborhood in Santa Maria, Rio Grande do Sul, Brazil * Centro, Porto Alegre, a neighborhood of Porto Alegre, Rio Grande do Sul, Brazil *Centro (Duque de Caxias), a neighborhood of Duq ...

, 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 Centro may refer to: Places Brazil *Centro, Santa Maria, a neighborhood in Santa Maria, Rio Grande do Sul, Brazil * Centro, Porto Alegre, a neighborhood of Porto Alegre, Rio Grande do Sul, Brazil *Centro (Duque de Caxias), a neighborhood of Duq ...

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