Credito Artigiano
| Company type | Subsidiary (from 1995) |
|---|---|
| Industry | Financial services |
| Founded | 1946 |
| Defunct | 10 September 2012 |
| Fate | Merged into Credito Valtellinese |
| Successor | Credito Valtellinese |
| Headquarters | Milan , Italy |
Area served | Italy |
| Products | Banking |
| Owner | Credito Valtellinese (72.14% by 2011) |
| Parent | Credito Valtellinese |
Credito Artigiano was a financial institution headquartered in Milan, Lombardy, Italy, which was integrated into Credito Valtellinese in 2012.
History
Established in Milan in 1946, Credito Artigiano became a part of Credito Valtellinese (Creval) as a subsidiary in 1995. The bank entered the Borsa Italiana stock exchange in 1999, at which time Creval held a 54.01% ownership stake. In the year 2000, Credito Artigiano acquired a majority share of 51% in Banca dell'Artigianato e dell'Industria, followed by obtaining 76.94% of Banca Regionale Sant'Angelo (previously known as Nuova Banca del Monte Sant'Agata) in 2001.
In 2002, Credito Valtellinese expanded its shareholding to 63.34% by purchasing shares from Cattolica Assicurazioni, and over the following years increased its control to 72.14% by 2011.
Following the establishment of the subsidiary in 2002, Credito Artigiano co-managed Credito Siciliano alongside Creval.
On 10 September 2012, Credito Artigiano was completely merged into Credito Valtellinese.
External links
- Entry on Borsa Italiana