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Native name | Credito Fondiario S.p.A. |
|---|---|
| private Società per Azioni | |
| Industry | Financial services |
| Headquarters | Rome , Italy |
| Website | Official website |
Credito Fondiario S.p.A. is an Italian bank based in Rome, Italy. The bank is specializing in management of non-performing loans. Chairman of the board of directors was Piero Gnudi. [1]
The bank was found in 1898 as Credito Fondiario Sardo (Sardinian Land Credit). [2] In 1965 the bank became Credito Fondiario S.p.A., which was owned by Banco di Roma, Banca Commerciale Italiana and Credito Italiano. [3]
In 1992 Credito Fondiario e Industriale – Fonspa – Istituto per i Finanziamenti a Medio e Lungo Termine S.p.A., which specialized in housing mortgage at that time, was allowed to enter the market of crediting industrial companies, [4] following the criteria in decree N°902/1976. [5]
The bank was owned by UniCredit [6] and Banca Commerciale Italiana [7] for 24.92% each in 1999. In 2000 Fonspa was sold to Morgan Stanley Real Estate Funds. [8] In 2006 Morgan Stanley acquired the bank from the fund via subsidiaries. [9] [10] The bank was renamed to Fonspa Bank.
It was sold to Tages Holding in 2013, and returned to use the name Credito Fondiario. As of 2016, the bank was owned by Tages Holding (46%), Tiber Investments (28%), own staffs and other shareholders (26%). [11]
The bank acquired €302 million gross book value of bad debts from Banca Popolare dell'Etruria e del Lazio in 2015. [12] The bank was also planned to take over another bank which was also under special administration by the state at that time: Banca delle Marche in 2014. [13] However, Banca delle Marche was bailed out by Italian National Resolution Fund instead on 22 November 2015. Credito Fondiario, as a creditor to Banca delle Marche for €1.8 billion, also sold the collateral in order to recover the loan in May 2015. [14] The takeover plan was called off due to the European Commission's investigation regarding possible state aid (which was not allowed) by Credito Fondiario's partner in the plan: Fondo Interbancario di Tutela dei Depositi. [15]
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 and Banco Ambroveneto, which had merged in 1998. The bank group changed the name to Intesa-BCI, which BCI temporary became a sub-holding company. On 1 January 2003, the group's name changed to Banca Intesa. In 2006 Banca Intesa merged with Sanpaolo IMI, based in Turin, Italy, to form Intesa Sanpaolo.
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 Genoa, the Republic of Genoa.
Banca Adriatica S.p.A. trading as UBI Banca Adriatica and formerly known as Nuova Banca delle Marche S.p.A. was an Italian bank based in Jesi, Marche region. It has operations in several regions in central Italy, but concentrated in Marche region, which 73% of the branches were located in that region as of 2016. The bank was formed on 22 November 2015 by the spin off of the good assets of the original Banca delle Marche S.p.A..
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Nuova Cassa di Risparmio di Ferrara S.p.A. known as Nuova Carife [New Carife] in short, was an Italian bank, based in Ferrara, Emilia-Romagna. Nuova Carife was founded on 22 November 2015 as a good bank that spin off from the original Cassa di Risparmio di Ferrara S.p.A. (Carife). The old Carife was under administration from 2013 and 2015, and now being liquidated as a bad bank. Nevertheless, Nuova Carife was a short-lived bank, which was acquired by BPER Banca in 2017 from Italian Resolution Fund, becoming branches of the banking group in the same year. The former majority shareholder and the old legal person of the bank, Fondazione Cassa di Risparmio di Ferrara survived as a charity organization.
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