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Banca Italease

Banca Italease
Native name
Banca Italease S.p.A.
Formerly called
Banca Centrale per il Leasing delle Banche Popolari
subsidiary of a listed company
Industry Financial services
Fate absorbed by the parent company
Successor leasing division of Banco Popolare
Defunct 2015
Services leasing and factoring
Profit Decrease(€221.189 million) (2014)
Total assets Decrease €7.378 billion (2014)
Total equity Decrease €893.582 million (2014)
Owner Banco Popolare
Parent Banco Popolare
Subsidiaries Release S.p.A.
Capital ratio 23.29% (CET1)
Website Official website (in Italian)
Footnotes / references
in consolidated basis

Banca Italease S.p.A. was an Italian finance leasing company, based in Milan. The company formed two subsidiaries Alba Leasing (a company serves SMEs) and a "bad bank" (Release S.p.A.) in 2009. The shares of Alba Leasing were distributed to the former shareholders of Banca Italease, with Banca Italease and Release S.p.A. were became the subsidiary of Banca Popolare instead. Banca Italease was absorbed into Banco Popolare in 2015 as its leasing division.

The company was known as Banca Centrale per il Leasing delle Banche Popolari S.p.A., which was a joint venture of the People's Banks (Italian: Banca Popolari) of Italy.

In 1996 the company absorbed Istituto Triveneto del Leasing.

As at 31 December 2000 the owner were Banca Popolare di Novara (25.52%), Banca Popolare di Bergamo – Credito Varesino (15.37153%), Banca Popolare di Verona – Banco S. Geminiano e S. Prospero (11.314%), Banca Monte dei Paschi di Siena (BMPS) (6.011%),Banca Popolare di Lodi (3.9708%),Banca Popolare di Sondrio (BPSO) (3.558%),Veneto Banca (1%),Banca Popolare dell'Emilia Romagna (BPER) (0.350%), Banca di Cividale (0.033%), Banca Popolare Pugliese and others. The company was a listed company in Borsa Italiana, which Reale Mutua Assicurazioni (6.988%), BMPS (3.344%), Cassa di Risparmio di Biella e Vercelli (0.001%), BPER (7.430%), BPSO (4.252%) and Banco Popolare Group (30.719%) were the owners on 30 June 2009 with more than 2% stake.

The company became part of Banco Popolare Group since second half of 2009, for 91.225% stake. (in 2002 BPVN owned 38.16% stake, in 2007 Banco Popolare and subsidiaries owned 30.719% stake combined). Alba Leasing, a subsidiary of Italease that formed in 2009, was owned by two former owner of Italease: BPER (36.43%), BPSO (20.95%) and Banca Popolare di Milano (BPM) (9.83%) instead. Banca Italease retained 32.79% stake.


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