Banca Antonveneta
Banca Antonveneta in Genoa, Italy
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Native name
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Banca Antonveneta S.p.A. |
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Formerly called
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Banca Antoniana Popolare Veneta S.c. a r.l. |
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| Industry | Financial services |
| Fate | absorbed by the parent company |
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| Defunct | 2013 |
| Headquarters | Padua, Italy |
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| Owners | Banca Monte dei Paschi di Siena (100%) |
| Parent | Banca Monte dei Paschi di Siena |
| Website | www |
Banca Antonveneta S.p.A. was an Italian bank based in Padua, Italy. The bank was absorbed into Banca Monte dei Paschi di Siena in 2013.
In 2008, it was the 9th largest banking group in Italy in terms of customer loans and the 8th largest in terms of total assets, with 1,000 branches, 10,800 employees and €50bn in assets.
The bank only operates in the fragmented Italian market, where it has a market share of roughly 3%, as the 6th largest bank at that time. More precisely, the bank had 8% market share in Veneto, 7% in Friuli, 6% in Sicily and 3% in both Lazio and Emilia Romagna. It has a focus on the wealthy Northeast of the country with 6% market share and 600 branches.
Eighty-six percent of its clients are retail clients, accounting for 58% of assets, most of which are owned by affluent and private clients, 12% corporate, accounting for 42% of assets, and 2% institutional.
Banca Antoniana Popolare Veneta was created by the merger in 1996 of two banks, Banca Antoniana and Banca Popolare Veneta, a cooperative bank.
Banca Antoniana traced its origins back to its founding in Padua in 1893 under the name, Banca Cattolica Padovana.
Banca Popolare Veneta was also founded in Padua, in this case in 1866 under the name Banca Mutua di Credito Popolare; in 1883 it transformed itself into Banca Cooperativa Popolare. After World War II, it acquired several other cooperative bank (Italian: Banca Popolare) located in Treviso in 1950, Polesine in 1980, Cavarzere in 1982, and Valdagno in 1987. In that same year the bank took the name, Banca Popolare Veneta.
In 1997, i.e., one year after the merger, the bank acquired a majority interest in Interbanca, which gave Banca Antonveneta the capability to function as a universal bank, not just a retail bank. Then in 1999 it acquired Banca Nazionale dell'Agricoltura, which gave it a presence throughout Italy, especially in the south. In 2001 the bank absorbed Banca Cattolica di Molfetta.
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Wikipedia