Credito Valtellinese

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Credito Valtellinese
Native name
Banca Piccolo Credito Valtellinese S.C.
Limited partnership (Società Cooperativa)
Traded as BITCVAL
Industry Financial services
Founded 1908[1]
Products Retail and investment banking
Revenue Increase €904.185 million (2014)[2]
Increase €345.239 million (2014)
Profit Decrease (€325.086 million) (2014)
Total assets Increase €28.813 billion (2014)
Total equity Increase €2.020 billion (2014)
Owner
  • others (each <2%)
Subsidiaries Carifano
Credito Siciliano
Global Assicurazioni[3]
Website https://www.creval.it/

Credito Valtellinese (Creval) is an Italian co-operative bank based in Sondrio, Lombardy, Italy. The company is a component of FTSE Italia Mid Cap of Borsa Italiana (Milan Stock Exchange).

The bank is named after the area Valtellina. The bank had 363 branches in Northern Italy (as Credito Valtellinese),[3] 40 branches in Marche and Umbria (as Carifano) and 133 branches in Sicily (as Credito Siciliano).[3] Credito Siciliano had three more branches outside the Sicily Island.

It had a market share of 32% in Sondrio, however only 2.9% in whole Lombardy in terms of deposits, as of 30 June 2014, as well as only 1.7% in terms of branches as 10th of Italy.[3]

History

Credito Valtellinese is a co-operative bank based in Sondrio found in 1908, as Banca Piccolo Credito Valtellinese.[4] (Not to be confused with Banca Popolare di Sondrio) The bank expanded by the acquisition of Technoleasing (later Bancaperta) in the 1980s and Credito Artigiano in 1996, which was the parent company of Banca dell'Artigianato e dell'Industria. In 2002 Sicilian banks Banca Popolare Santa Venera in Acireale, Cassa San Giacomo in Caltagirone and Banca Regionale Sant'Angelo were merged to become Credito Siciliano. In 2008 Credito Piemontese, Cassa di Risparmio di Fano, Banca Cattolica di Montefiascone[5] and Credito del Lazio (former Banca della Ciociaria) joined.[6]

From 2004 to 2013, Creval was the minority shareholders of Banca di Cividale.

References

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  3. 3.0 3.1 3.2 3.3 http://www.creval.it/en/gruppo/pdf/GCV_AT_A_GLANCE.pdf
  4. http://web.archive.org/web/20060515032134/http://www.creval.it/cv/cv_storia.htm
  5. http://www.gruppocreval.com/SitePages/bancacattolica.aspx
  6. Lua error in package.lua at line 80: module 'strict' not found.

External links

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