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

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.

History

Neos Finance started as Finemiro SpA (Fin-Emi-Ro). In 1997 the parent company,

Cassa di Risparmio in Bologna Cassa di Risparmio in Bologna S.p.A. known as Carisbo, was an Italian savings bank founded in 1837 and based in Bologna, Emilia-Romagna. It has been part of Intesa Sanpaolo Group since 2007. The former owner of the bank, Fondazione Carisbo, still ...

of Bank Group

Casse Emiliano Romagnole Gruppo Bancario Casse Emiliano Romagnole (CAER) was an Italian holding company and banking group, based in Bologna, Emilia-Romagna. The main company of the group was Cassa di Risparmio in Bologna (Carisbo). History Due to Legge Amato, all savin ...

, transformed the company into Finemiro Banca. The bank became part of

Cardine Banca Cardine Banca S.p.A. was an Italian banking group that operated between 2000 and 2002. It was acquired by Sanpaolo IMI an banking and insurance conglomerate. History The bank was founded in 2000 by the merger of Casse Emiliano Romagnole and Cas ...

Group in 2000 and again part of

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 ...

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%.2004 bilancio
Finemiro Banca 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

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. In 2004, the figures were equity €126.924 million, total assets €2,190,125,152 and net profits of €11,839,145. A scandal was also exposed in 2010. 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.

References

External links

neosfinance.com
Banks established in 1997 Banks disestablished in 2013 Italian companies disestablished in 2013 Defunct banks of Italy Companies based in Bologna Former Intesa Sanpaolo subsidiaries Cardine Banca Italian companies established in 1997 {{Italy-bank-stub