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Banca Monte Parma

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Banca Monte Parma
Company typeSubsidiary (Società per Azioni)
IndustryFinancial services
Founded27 January 1488
Defunct2015
HeadquartersPiazzale Jacopo Sanvitale, Parma, Italy
Key people
Flavio Venturini (president)[1]
ProductsRetail and investment banking, insurance, investment management
RevenueIncrease €84.775 million (2014)[1]
Increase €30.939 million (2014)[1]
Increase (€9.762 million) (2014)[1]
Total assetsDecrease €2.171 billion (2014)[1]
Total equityDecrease €178 million (2014)[1]
OwnerFondazione Monteparma (1991–2011, majority; 2011–2014, minority)
Intesa Sanpaolo (2011–)
ParentIntesa Sanpaolo (98.62%)
Websitemonteparma.it

Banca Monte Parma was an Italian regional bank, active in the provinces of Parma, Piacenza and Reggio-Emilia. In mid-2015 it was absorbed into the parent company.

History

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The bank was founded in Parma in 1488 as Mons Pietatis Almae Civitatis Parmae by Bernardine of Feltre, in order to combat usury – he was known for his violent anti-Judaism. This makes it one of the oldest banks in the world.

Operations

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In 1991, in order to comply with new Italian banking regulations, the company became a joint-stock company and a subsidiary of Fondazione Monte di Parma (Fondazione Monteparma).[2]

Cariplo as minority shareholder

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From 1994 to 1999, Cassa di Risparmio delle Provincie Lombarde (Cariplo) owned 20.5% of Banca Monte Parma with the rest held by the foundation. Cariplo was a wholly owned subsidiary of Banca Intesa since 1998.[3]

Foundation & Banca MPS joint venture

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In August 1999 Banca Intesa sold all shares it held to Banca Monte dei Paschi di Siena.[4] Banca also acquired shares from the foundation directly. At the year end of 2000, the foundation held 50.47% shares, followed by Banca MPS for 41%, its subsidiary "Monte Paschi Vita" for 7.72% (in 2001 8.26%) and the rest held by others.[5][6] In 2007, Banca MPS consolidated its ownership to be held by Banca MPS SpA only, for 49.27%.[7]

Independent again

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In 2008, Banca MPS sold all its ownership. The foundation increased its ownership ratio to 68.74%, as well as the introduction of Fondazione di Piacenza e Vigevano (who lost the ownership on Cassa di Risparmio di Piacenza e Vigevano)[8] and Banca Sella Holding, for 15% and 10% respectively.[9] CBA Vita (a subsidiary of Banca Sella Holding) and HDI Assicurazioni both held 3%.[9] In the next year Fondazione di Piacenza e Vigevano increased to 18% ownership, with Banca Sella reduced to 4.597%, as well as HDI reduced to 2.2% and introduction of new investor Compagnia Generale Immobiliare S.r.l. ("CGI" in short) for 3%.[10][11] The ratio remain almost constant until the takeover of Intesa Sanpaolo on 26 July 2011.

Intesa Sanpaolo era

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On 26 July 2011 Intesa Sanpaolo acquired all shares from Banca Sella Holding, CBA Vita and HDI Assicurazioni, as well as part of the shares from Fondazione Monteparma, Fondazione di Piacenza e Vigevano and CGI. The new ownership became Intesa Sanpaolo 60.798%, Fondazione Monte di Parma 20.987%, Fondazione di Piacenza e Vigevano 15.214%, CGI 2.536%.[12]

In 2012 Intesa Sanpaolo further increased to 78.617% from recapitalization, as well as the foundations both reduced to 10% each and CGI 1.254%.[13]

The bank was a member of the Euro Banking Association,[14] however it is no longer a member after it became a subsidiary.[15]

On 22 December 2014 Intesa Sanpaolo acquired the 20% from the foundations;[16] At the end of 2014 financial year Intesa Sanpaolo was the major shareholder of Banca Monte Parma for 98.62%.[17]

In mid-2015 the bank was absorbed into Intesa Sanpaolo.

Sponsorship

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The bank was the principal sponsor of Serie A football team Parma F.C. [citation needed] The bank also owned 20% shares of "Eventi Sportivi S.p.A.", the parent company of Parma FC SpA in 2008 (increased from 10%[18] after recapitalization from €3m to €6m),[19] but diluted back to 5% in 2009,[20] followed by 4.2% in 2011.[21] As of 2014 financial year, the bank still retained the shares.[1]

See also

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References

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  1. ^ a b c d e f g "Relazione e bilancio di BANCA MONTE PARMA dell'esercizio 2014" (PDF) (in Italian). Banca Monte Parma. 18 March 2015. Retrieved 31 March 2015.
  2. ^ "Fondazione Monte di Parma - la Fondazione". Archived from the original on 25 March 2015. Retrieved 22 March 2015.
  3. ^ BIntesa Bil98 cons grafico
  4. ^ Bilanci 1999
  5. ^ "Archived copy" (PDF). Archived from the original (PDF) on 9 March 2016. Retrieved 22 March 2015.{{cite web}}: CS1 maint: archived copy as title (link)
  6. ^ "Archived copy" (PDF). Archived from the original (PDF) on 24 September 2015. Retrieved 22 March 2015.{{cite web}}: CS1 maint: archived copy as title (link)
  7. ^ "Archived copy" (PDF). Archived from the original (PDF) on 2 April 2015. Retrieved 22 March 2015.{{cite web}}: CS1 maint: archived copy as title (link)
  8. ^ "Bilancio - Documenti Istituzionali - Fondazione Piacenza Vigevano - Piacenza".
  9. ^ a b "Archived copy" (PDF). Archived from the original (PDF) on 2 April 2015. Retrieved 20 March 2015.{{cite web}}: CS1 maint: archived copy as title (link)
  10. ^ "2009 Annual Individual Report" (PDF). Banca Sella Holding. 21 June 2010. Retrieved 14 March 2016.
  11. ^ "Archived copy" (PDF). Archived from the original (PDF) on 2 April 2015. Retrieved 22 March 2015.{{cite web}}: CS1 maint: archived copy as title (link)
  12. ^ "Intesa Sanpaolo" (PDF).
  13. ^ "Intesa Sanpaolo" (PDF).
  14. ^ "Archived copy". Archived from the original on 2 April 2015. Retrieved 20 March 2015.{{cite web}}: CS1 maint: archived copy as title (link)
  15. ^ "EURO BANKING ASSOCIATION - by alphabetical order". Archived from the original on 2 April 2015. Retrieved 20 March 2015.
  16. ^ "FONDAZIONE MONTEPARMA HA CEDUTO LA TOTALITÀ DELLA RESIDUA QUOTA DI PARTECIPAZIONE IN BANCA MONTE PARMA A INTESA SANPAOLO" (in Italian). Fondazione Monteparma. 22 December 2014. Archived from the original on 25 March 2015. Retrieved 22 March 2015.
  17. ^ "Archived copy" (PDF). Archived from the original (PDF) on 4 March 2016. Retrieved 25 June 2022.{{cite web}}: CS1 maint: archived copy as title (link)
  18. ^ "Intesa Sanpaolo". www.intesasanpaolo.com. Retrieved 16 March 2023.
  19. ^ "Intesa Sanpaolo". www.intesasanpaolo.com. Retrieved 16 March 2023.
  20. ^ "Intesa Sanpaolo". www.intesasanpaolo.com. Retrieved 16 March 2023.
  21. ^ "Intesa Sanpaolo" (PDF). Retrieved 16 March 2023.
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