Credito Siciliano
|
Native name
|
Credito Siciliano |
|---|---|
|
Formerly called
|
|
| subsidiary of a listed company | |
| Industry | Financial services |
| Founded |
|
| Headquarters | 40/B Via Sclafani, Acireale, Italy |
|
Number of locations
|
137 branches (2014) |
|
Area served
|
Sicily |
| Services | Retail and corporate banking |
 (€23,942,830) (2014) |
|
| Total assets |
€3,968,745,240 (2014) |
| Total equity |
€168,203,308 (2014) |
| Owner | Credito Valtellinese (98.0%) |
| Parent | Credito Valtellinese |
| Capital ratio | 6.74% (CET1) |
| Website | Official website |
Credito Siciliano is an Italian bank based in Palermo, Sicily. It is a subsidiary of Credito Valtellinese.
The bank had 136 branches, 133 located in Sicily (Province of Agrigento: 4; Province of Caltanissetta: 7; Province of Catania: 51; Province of Enna: 2; Province of Messina: 18; Province of Palermo: 26; Province of Ragusa: 9; Province of Siracusa: 6 and Province of Trapani: 10), plus 3 more in mainland Italy (Milan, Rome, Turin).
Credito Siciliano was formed on 1 July 2002 by the merger of Banca Popolare Santa Venera (a subsidiary of Credito Valtellinese), Banca Regionale Sant'Angelo (a subsidiary of Credito Artigiano), Leasingroup Sicilia (a subsidiary of Banca Regionale Sant'Angelo, with BP Santa Venera had a minority interests) and the retail division of Cassa San Giacomo (a subsidiary of Credito Valtellinese). The new bank was owned by Credito Valtellinese for 39.43%, as well as through its subsidiary Credito Artigiano for 35.79% at that time.
Banca Regionale Sant'Angelo was an Italian bank based on 1/E via Siracusa, Palermo, Sicily. The bank was formed by Banca Popolare Sant'Angelo injected part of the bank assets to Nuova Banca del Monte Sant'Agata S.p.A. (a company that received the assets of a mount of piety of Catania found circa 1809), on 1 January 2001 as well as sold the company to Credito Artigiano (part of Credito Valtellinese group) in 2001. The shares of Banca Regionale Sant'Angelo was also distributed to the shareholders of Banca Popolare Sant'Angelo, making Credito Artigiano launched a public acquisition offer to buy the remaining 55% shares of the Banca Regionale in 2001. In 2002 Banca Regionale Sant'Angelo absorbed other subsidiaries of Credito Valtellinese to form Credito Siciliano.
The former headquarters of Banca Monte Sant'Agata on via Sant'Euplio was sold to a company. The site was refurbished as a hotel.
Leasingroup Sicilia was a finance leasing company based in Sicily. Banca Popolare Sant'Angelo increased it stake in the company in 1990s, but spin off to inject the stake to Banca Regionale Sant'Angelo circa 2001. As at 31 December 2001, Banca Popolare di Lodi also owned 5.12% stake .
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