Banco di Sicilia was an Italian bank based in Palermo, Sicily. It was a subsidiary of

UniCredit UniCredit S.p.A. (formerly UniCredito Italiano S.p.A.) is an Italian multinational banking group headquartered in Milan. It is a systemically important bank (according to the list provided by the Financial Stability Board in 2022) and the world' ...

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 with Bank of Italy 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 ...

). As a public institution it was among the largest banks in Italy, with foreign branches and subsidiaries in the 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 Mediocredito or () were 19 Italian banks that were established in 1950s to provide medium term loans to Small and medium-sized enterprises, small and medium companies (or more specifically industrial companies). They served 19 regions of Italy (M ...

. In 1999 Mediocredito Centrale Group was acquired by

Banca di Roma Banca di Roma was an Italian bank based in Rome, formed in 1992 by merger of Banco di Santo Spirito and Banco di Roma. From 2008 it was a subsidiary of UniCredit under the name UniCredit Banca di Roma S.p.A.. In 2010 the subsidiary was absorbed ...

. Banco di Sicilia became a subsidiary of the group. According to the

Bank of Italy The Bank of Italy (Italian language, Italian: ''Banca d'Italia'', , informally referred to as ''Bankitalia'') is the National central bank (Eurosystem), national central bank for Italy within the Eurosystem. It was the Italian central bank from ...

, 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 Commerciale Italiana (BCI, colloquially known as Comit), founded in 1894, was a major Italian bank based in Milan. In 1999, it merged with the group recently formed by the combination of Cassa di Risparmio delle Provincie Lombarde and Ban ...

Banca Monte dei Paschi di Siena Banca Monte dei Paschi di Siena S.p.A. (), known as BMPS or just MPS, is an Italian bank. Tracing its history to a mount of piety founded in 1472 () and established in its present form in 1624 (), it is the world's List of oldest banks, oldest ...

and Banca Popolare Sant'Angelo) In 2002 Banco di Roma merged with Bipop Carire to form

Capitalia Capitalia was an Italian banking group headquartered in Rome, in existence between 2002 and 2008. 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 sh ...

. 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.) was an Italian bank based in Genoa, with more than 500 bank branches in Italy, prior to its acquisition by BPER Banca in February 2022. The predecess ...

. 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 Italy, officially the Italian Republic, is a country in Southern Europe, Southern and Western Europe, Western Europe. It consists of Italian Peninsula, a peninsula that extends into the Mediterranean Sea, with the Alps on its northern land b ...

{{Italy-bank-stub

History

See also

Bibliography

References

External links