From Surf Wiki (app.surf) — the open knowledge base

Banca di Credito Sardo

Defunct Italian bank based in Sardinia

Field	Value
name	Banca di Credito Sardo
former_name	Credito Industriale Sardo and Banca CIS
image	Banca CIS Cagliari.jpg
image_caption	The banks head office in 2013
type	S.p.A. Subsidiary of a listed company
industry	Financial services
foundation
defunct
fate	Merged and absorbed
successor	Intesa Sanpaolo
hq_location_city	Cagliari, Sardinia
hq_location_country	Italy
num_locations	90 branches
num_locations_year	2013
num_employees	1,022
num_employees_year	2013
area_served	The island of Sardinia
services	Banking services, retail and corporate Banking
owner	Intesa Sanpaolo (100%)
ratio	15.81% (Tier 1)
homepage
footnotes

The Banca di Credito Sardo was an Italian bank headquartered in Cagliari, Sardinia. In 2014, it was absorbed into their parent company Intesa Sanpaolo.

History

The bank was founded as Credito Industriale Sardo, ente di diritto pubblico con personalità giuridica propria in 1953 as one of the 19 Mediocredito of Italy, as well as one of the three Istituti per il Finanziamento a Medio Terminealle Medie e Piccole Industrie nell'Italia Meridionale e Insulare (Istituti Meridionale), which were funded by Cassa per il Mezzogiorno. The bank provided medium term loans to small and medium industries from the island.

Due to 1990s Italian law to restructure credit institutions, known as , the bank became a limited company () in 1992. The bank renamed into Banca CIS in the 1990s but remained a regional bank focussed on Sardinia. In 2000 Mediocredito Lombardo, a subsidiary of Banca Intesa, acquired an additional 53.23% stake of Banca CIS from the , making Mediocredito Lombardo owned 55.37% stake. This led to an end of partial state ownership of the bank which the Treasury Ministry had held since 1971.

In February 2009, the 93 branches of Intesa Sanpaolo and Banca CIS were merged to form Banca di Credito Sardo. The merger was formally announced and published within the Italian Gazzetta Ufficiale. At the same time the core business (medium term lending to enterprises) was transferred to Mediocredito Italiano (ex-Mediocredito Lombardo). However, Banca di Credito Sardo was absorbed into Intesa Sanpaolo in 2014.

References

(8 April 2014). "2013 Bilancio". Banca di Credito Sardo.
"CIS by Renzo Piano".
Italian Parliament. (5 May 1953). "Sviluppo dell'attivita' creditizia nel campo industriale nell'Italia meridionale ed insulare". Italian Republic Official Gazette.
Ministry of the Treasury. (29 April 1992). "Approvazione del progetto di ristrutturazione presentato dal Credito industriale sardo". Italian Republic Official Gazette.
"Banca di Credito sardo: la nuova filiale".
"Credito Industriale Sardo - Intesa Sanpaolo". Mappa storica Italia.
(November 9, 2024). "Loans from Banca di Credito Sardo: loans and salary-backed loans". Prestiti it.
"Gazzetta Ufficiale".
(15 September 2014). "INTESA SANPAOLO: MERGER BY INCORPORATION OF BANCA DI CREDITO SARDO S.P.A. AND CASSA DI RISPARMIO DI VENEZIA S.P.A. INTO INTESA SANPAOLO S.P.A.". Intesa Sanpaolo.

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

defunct-banks-of-italy former-intesa-sanpaolo-subsidiaries banks-established-in-1953 italian-companies-established-in-1953 banks-disestablished-in-2014 italian-companies-disestablished-in-2014 companies-based-in-cagliari formerly-government-owned-companies-of-italy

Want to explore this topic further?

Ask Mako anything about Banca di Credito Sardo — get instant answers, deeper analysis, and related topics.

Research with Mako

Free with your Surf account

Content sourced from Wikipedia, available under CC BY-SA 4.0.

This content may have been generated or modified by AI. CloudSurf Software LLC is not responsible for the accuracy, completeness, or reliability of AI-generated content. Always verify important information from primary sources.

Report