Neos Finance

Last updated

Neos Finance was an Italian bank specialized in consumer credit. Before its closure, it was part of Intesa Sanpaolo Group.

Contents

History

Neos Finance started as Finemiro SpA (Fin-Emi-Ro). In 1997 the parent company, Cassa di Risparmio in Bologna of Bank Group Casse Emiliano Romagnole, transformed the company into Finemiro Banca. [1] The bank became part of Cardine Banca Group in 2000 and again part of Sanpaolo IMI in 2002. At the year of 2004, Sanpaolo IMI held 96.84% shares, Cassa di Risparmio della Repubblica di San Marino held 2.65% and Unibanca held 0.51%. [2] In 2005 the bank changed its name to Neos Banca as well as Sanpaolo IMI reached 99.49% ownership ratio. On 2 January 2007 the bank followed Sanpaolo to merge into Intesa Sanpaolo Group, as well as reached 100% ownership. In 2009, a reverse merger was taken, which former subsidiary Neos Finance absorbed all the assets of Neos Banca.

In the year end of 2011, Neos Finance had an equity of €53,011,842; total asset of €4,983,684,044 and a net loss of €128,758,833. [3] In 2004, the figures were equity €126.924 million, total assets €2,190,125,152 and net profits of €11,839,145. [2] A scandal was also exposed in 2010. [4]

On 1 January 2014 Mediocredito Italiano, another subsidiary of Intesa Sanpaolo, absorbed the leasing segment of Neos Finance, as well as rest of the business activity were merged into Intesa Sanpaolo Personal Finance on 1 April 2013.

Related Research Articles

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 2003. In 2007 Banca Intesa merged with another banking group Sanpaolo IMI to become Intesa Sanpaolo, one of few domestic systemically important bank of Italy.

Sanpaolo IMI former Italian banking group and a predecessor of Intesa Sanpaolo

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.

Intesa Sanpaolo S.p.A. is an Italian banking group resulting from the merger of Banca Intesa and Sanpaolo IMI based in Torre Intesa Sanpaolo, Turin, Italy. In 2014 it was the largest banking group in Italy by market capitalization, and second by total assets. The bank has also experienced growth in the international market, focused in Central-Eastern Europe, the Middle East and North Africa.

Crédit Agricole Italia S.p.A. formerly Crédit Agricole Cariparma S.p.A., is an Italian banking group, itself a subsidiary of French banking group Crédit Agricole. Crédit Agricole Italia along was ranked as the 11th largest bank in Italy by total assets at 31 December 2015. The group serving Emilia-Romagna, Liguria and Friuli-Venezia Giulia, where the predecessors originated, as well as Campania, Lazio, Lombardy, Piedmont, Tuscany, Umbria and Veneto, or half of Italian regions.

Crédit Agricole FriulAdria S.p.A. formerly known as Banca Popolare FriulAdria S.p.A., or known as FriulAdria in short, is an Italian bank, which is part of Crédit Agricole Italia, the Italian arm of French banking group Crédit Agricole.

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..

Crédit Agricole Carispezia S.p.A. formerly known as Cassa di Risparmio della Spezia S.p.A., or Carispezia in short, is an Italian savings bank, which is part of Crédit Agricole Italia, the Italian arm of French banking group Crédit Agricole.

Banca Cassa di Risparmio di Firenze S.p.A. known as Banca CR Firenze, was an Italian savings bank. Once a listed company, the group now part of Intesa Sanpaolo since 2007.

Cassa di Risparmio in Bologna S.p.A. known as Carisbo, was an Italian savings bank based in Bologna, Emilia-Romagna. The bank was part of Intesa Sanpaolo Group since 2007.

Banca dell'Adriatico S.p.A. was an Italian regional bank based in Pesaro, Marche. The bank was a subsidiary of Intesa Sanpaolo.

Cassa di Risparmio di Venezia S.p.A. known as Carive or CR Venezia in short, is a former Italian savings bank, based in Venice, Veneto. It was a subsidiary of Intesa Sanpaolo. The former owner of the bank, Fondazione di Venezia, still acts as a charity organization.

Fondazione Piacenza e Vigevano formerly Fondazione Cassa di Risparmio di Piacenza e Vigevano, is a charity organization based in Piacenza, Emilia–Romagna region.

Cassa di Risparmio di Alessandria was an Italian regional bank based in Alessandria, Piedmont. It was absorbed into the parent company Banca Popolare di Milano in 2012.

Cassa dei Risparmi di Forlì e della Romagna S.p.A., known as Cariromagna, was an Italian savings bank based in Forlì, Emilia-Romagna region. Despite the bank having become branches of Intesa Sanpaolo in 2018, the former parent company of the bank, Fondazione Cassa dei Risparmi di Forlì, as of 2019, is still in operation as a banking foundation and charity organization.

Cassa di Risparmio della Provincia di Viterbo (Carivit) was an Italian bank and charity organization. The bank sector was acquired by Cariplo in 1990s. In 2015 Intesa Sanpaolo completely absorbed the bank.

Cassa di Risparmio di Fermo S.p.A. (Carifermo) is an Italian savings bank based in Fermo, Marche region.

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

Cassa di Risparmio del Friuli Venezia Giulia S.p.A. known as CariFVG in short, was an Italian savings bank based in Gorizia, Friuli – Venezia Giulia region.

Casse di Risparmio dell'Umbria S.p.A. known as Casse dell'Umbria is an Italian retail bank based in Terni, Umbria. The bank is a subsidiary of Intesa Sanpaolo.

Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona known as Cariverona in short, was an Italian savings bank headquartered in Verona. In 1991, due to Legge Amato, the bank was split into two organizations, Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona S.p.A. and Fondazione Cassa di Risparmio di Verona, Vicenza, Belluno e Ancona. They joined Unicredito banking group as founding subsidiary and shareholder respectively. The banking foundation was a minority shareholder of the successor of the banking group UniCredit.

References

  1. ↑ "GU Parte Seconda n.145 del 24-6-1997" (in Italian). Gazzetta Ufficiale della Repubblica Italiana. 24 June 1997. Retrieved 27 March 2015.
  2. 1 2 2004 bilancio Finemiro Banca (in Italian)
  3. ↑ 2011 bilancio Neos Finance (in Italian)
  4. ↑ "Scoperta truffa finanziaria recuperati 7 milioni di euro". La Repubblica (in Italian). 18 February 2010. Retrieved 27 March 2015.
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.