Capitalia
Capitalia was an Italian banking group headquartered in Rome. Capitalia was formed in July 2002 in a merger of Banca di Roma, Bipop Carire, and Banco di Sicilia. Capitalia in turn agreed to be taken over by Unicredit in May 2007, becoming part of the second-largest bank in the European Union and the sixth-largest in the world.
Capitalia was a Public limited company, and it was led by the President Cesare Geronzi and the CEO Paolo Fiorentino following the resignation of Matteo Arpe. Its General Manager was Carmine Lamanda. It employed 28,264 people and its annual profit was 5,171,000 million EUR (as at 2004).
Group members
- Commercial banks:
- Banca di Roma S.p.A., formed in 1992 by the merger of two large historical banks of Italy: the Banco di Santo Spirito (founded in 1605 by Pope Paul V) and the already merged Banca di Roma and Cassa di Risparmio di Roma.
- Banco di Sicilia
- Bipop Carire
- Specialized banks:
- MCC
- MCC Sofipa SGR S.p.A.
- Assets previously in a corproration with Fineco S.p.A.:
- FinecoBank S.p.A. (98,78% stake)
- Capitalia Asset Management SGR S.p.A.
- Capitalia Investimenti Alternativi SGR S.p.A. (95% stake, other 5% Finecobank)
- CNP Capitalia Vita S.p.A. (38,8% stake)
- Fineco Assicurazioni S.p.A.
- FinecoLeasing S.p.A. (99,99% stake), to be integrated with MCC
- Banca di Roma International SA (99,99% stake)
- Fineco Finance Ltd.
- common service companies:
- Capitalia Informatica
- Capitalia Service JV
- Capitalia Solutions
- S.I.G.RE.C. S.p.A.
Merger with Unicredit
In May 2007, plans were finalized for the buyout of Capitalia by its larger Italian rival, Unicredit. All banks of the Capitalia group in Northern Italy will be reconfigured as Unicredit banks; in turn, all Unicredit banks in the rest of Italy will be reconfigured as either Banca di Roma banks (rest of mainland Italy and Sardinia) or as Banco di Sicilia banks (in Sicily only).
See also
External links
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