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 fo ...

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), 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 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 Commerciale Italiana, Banca Monte dei Paschi di Siena and Banca Popolare Sant'Angelo) 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 Capitalia ...

. 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