Banca del Mezzogiorno – MedioCredito Centrale
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Native name
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Banca del Mezzogiorno – MedioCredito Centrale S.p.A. |
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Formerly called
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| subsidiary of a listed company | |
| Industry | Financial services |
| Founded | 1952 |
| Headquarters | Rome, Italy |
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Key people
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| Profit |
 €32,426,505 (2015) |
| Total assets |
 €2,554,438,047 (2015) |
| Total equity |
€425,511,254 (2015) |
| Owner | Poste italiane (100%) |
| Parent | Poste italiane |
| Capital ratio | 28.38% (CET1) |
| Website | Official website (in Italian) |
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Footnotes / references source |
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Banca del Mezzogiorno – MedioCredito Centrale S.p.A. (MCC) is an Italian bank based in Rome, Lazio region. The bank is a subsidiary of Poste italiane. The bank was specialized in medium-term loan to companies, which developed into corporate and investment banking, and currently specialized in public sector, such as one of the manager of Fondo di Garanzia per le Piccole e Medie Imprese (a guarantee fund for SMEs) of the Ministry of Economic Development, and European Union's Joint European Resources for Micro to Medium Enterprises Calabria Fund. The bank lend medium-term loan from the fund to SMEs for Italian government and the European Union.
Istituto Centrale per il Credito a Medio Termine a Favore delle Medie e Piccole Industrie was found in 1952 as a statutory corporation (Italian: ente di diritto pubblico). Due to Legge Amato, On 11 March 1994 the bank became Mediocredito Centrale - Istituto Centrale per il Credito a Medio Termine S.p.A. (a limited company, Società per Azioni).
The bank subscribed the capital increase of Banco di Sicilia in 1997.
In 1999 Banca di Roma, via subsidiary Mediocredito di Roma, acquired Mediocredito Centrale.
As part of a reversed merger, Banca Intesa (undisclosed) and UniCredit (0.06%) sold the minority interests in Mediocredito di Roma, for the shares of Mediocredito Centrale (0.7% and 0.03% respectively) in 2000. Banca di Roma owned 97.99% shares of Mediocredito Centrale as at 31 December 2000.
In December 2001 Mediocredito Centrale absorbed its subsidiary Sofipa, despite Sofipa SGR was retained. During the year 2001 minority interests of 2.11% in the bank was acquired from Banca Intesa, UniCredit and other companies. At the same time MCC had a put option to sell the minority interests in Unieuro and Euroclass Multimedia Holding as part of the deal.
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