Banca di Credito Sardo
| Company type | Limited company (S.p.A.) |
|---|---|
| Industry | Financial services |
| Predecessor | Credito Industriale Sardo |
| Founded | 1953 |
| Defunct | 2014 |
| Fate | Integrated into Intesa Sanpaolo |
| Successor | Intesa Sanpaolo |
| Headquarters | Cagliari , Italy |
Area served | Sardinia |
| Products | Medium-term financing for SMEs |
| Owner | Intesa Sanpaolo (parent company) |
| Parent | Intesa Sanpaolo |
The Banca di Credito Sardo was an Italian financial institution with its main office situated in Cagliari, Sardinia. In 2014, it was integrated into its parent organization, Intesa Sanpaolo. The bank's headquarters in Cagliari was the work of renowned Italian architect Renzo Piano.
History
Established in 1953 under the name Credito Industriale Sardo as a statutory corporation, this bank was among Italy's 19 Mediocredito entities and one of three Istituti Meridionale supported by Cassa per il Mezzogiorno. Its primary focus was providing medium-term financing to small and medium-sized enterprises located in Sardinia.
After the restructuring mandated by the 1990s law known as Legge Amato, the institution transitioned into a limited company () in 1992. During that decade, it adopted the name Banca CIS and continued to concentrate on serving the Sardinian market. In 2000, Mediocredito Lombardo, a subsidiary of Banca Intesa, purchased a majority share of 55.37% from the Ministry of the Treasury, thereby concluding partial government ownership that had been in place since 1971.
In February 2009, a merger combined the branches of Intesa Sanpaolo and Banca CIS, resulting in the formation of Banca di Credito Sardo. This merger was formally announced in Italy's Gazzetta Ufficiale. At the same time, its principal medium-term lending activities were transferred to Mediocredito Italiano (the new name for Mediocredito Lombardo). Eventually, in 2014, Banca di Credito Sardo was completely incorporated into Intesa Sanpaolo.