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UniCredit Banca

From Alfawiki
UniCredit Banca S.p.A.
Company typeSubsidiary
IndustryBanking
PredecessorCredito Italiano S.p.A.
FoundedJuly 1, 2002; 24 years ago (2002-07-01)
Defunct2010 (2010)
FateMerged into UniCredit S.p.A.
Headquarters
Bologna
,
Italy
Area served
Northern Italy (after 2007 reorganization)
ProductsRetail banking
OwnerUniCredit Group
ParentUniCredit Group
Websitewww.unicreditbanca.it

UniCredit Banca S.p.A. functioned as the retail banking arm within the UniCredit Group. On 1 July 2002, several banks—including Rolo Banca, Banca CRT, Cariverona Banca, Cassamarca, Cassa di Risparmio di Trento e Rovereto, and Cassa di Risparmio di Trieste—were consolidated into Credito Italiano S.p.A., a subsidiary of UniCredit established in December 1999. Subsequently, Credito Italiano adopted the name UniCredit Banca S.p.A. On 1 January 2003, UniCredit Banca spun off its divisions UniCredit Private Banking and UniCredit Banca d'Impresa.

After UniCredit acquired the Capitalia Group in 2007—which brought the brands Banca di Roma and Banco di Sicilia into its portfolio—UniCredit Banca reorganized by exchanging branch networks with affiliated companies and integrating Bipop Carire, thereby concentrating its services primarily in northern Italy. Moreover, three branches formerly operated by UniCredit Banca were divested to the Italian financial institution Banca Carige.

In 2010, the operations of UniCredit Banca were completely merged into its parent company, UniCredit S.p.A., transforming it into the group's retail banking division.

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