MedioCredito Italiano S.p.A. (MCI) is an Italian

commercial bank A commercial bank is a financial institution that accepts deposits from the public and gives loans for the purposes of consumption and investment to make a profit. It can also refer to a bank or a division of a larger bank that deals with whol ...

based in

Milan Milan ( , , ; ) is a city in northern Italy, regional capital of Lombardy, the largest city in Italy by urban area and the List of cities in Italy, second-most-populous city proper in Italy after Rome. The city proper has a population of nea ...

Lombardy The Lombardy Region (; ) is an administrative regions of Italy, region of Italy that covers ; it is located in northern Italy and has a population of about 10 million people, constituting more than one-sixth of Italy's population. Lombardy is ...

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 with

Cassa di Risparmio delle Provincie Lombarde Cassa di Risparmio delle Provincie Lombarde, known in shorthand as Cariplo SpA, was an Italian bank founded in 1823. On 2 January 1998, it merged with Banco Ambrosiano Veneto to form Banca Intesa. Cariplo SpA became a short-lived sub-holding comp ...

(Cariplo) as the major funder. It was part of the MedioCredito initiative. In January 1992 the bank had changed from

statutory corporation A statutory corporation is a corporation, government entity created as a statutory body by statute. Their precise nature varies by jurisdiction, but they are corporations owned by a government or controlled by national or sub-national government ...

() to limited company (). 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 (). The main office of the bank was located in Bari, in the centre of Apulia region instead. The bank was takeover by ...

(0.013%). Cariplo Group also owned 42.07% shares of MedioCredito Abruzzese e Molisano and 42.32% shares of MedioCredito del Sud, which were absorbed into MedioCredito Lombardo in 1997 and 1999, respectively. In 1998

Banca Intesa Banca Intesa S.p.A. was an Italian banking group, formed in 1998 by merger of Cassa di Risparmio delle Provincie Lombarde (Cariplo) and Banco Ambrosiano Veneto. The next year, the banking group merged with Banca Commerciale Italiana to become ...

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 align 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 Società per azioni, 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 ...

Group. In 2008 the bank was renamed to MedioCredito Italiano. In 2014, Leasint, Centro Leasing, 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 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