Banca Monte Parma
|Subsidiary (Società per Azioni)|
|Founded||27 January 1488|
|Headquarters||Piazzale Jacopo Sanvitale, Parma, Italy|
|Flavio Venturini (president)|
|Products||Retail and investment banking, insurance, investment management|
|Revenue||€84.775 million (2014)|
|€30.939 million (2014)|
|Profit||(€9.762 million) (2014)|
|Total assets||€2.171 billion (2014)|
|Total equity||€178 million (2014)|
Fondazione Monteparma (1991–2011, majority; 2011–2014, minority)|
Intesa Sanpaolo (2011–)
|Parent||Intesa Sanpaolo (98.62%)|
The bank was founded in Parma in 1488 as Mons Pietatis Almae Civitatis Parmae by Bernardine of Feltre, in order to combat usury – he was known for his violent anti-Judaism. This makes it one of the oldest banks in the world.
Cariplo as minority shareholder
From 1994 to 1999, Cassa di Risparmio delle Provincie Lombarde (Cariplo) owned 20.5% of Banca Monte Parma with the rest held by the foundation. Cariplo was a wholly owned subsidiary of Banca Intesa since 1998.
Foundation & Banca MPS joint venture
In August 1999 Banca Intesa sold all shares it held to Banca Monte dei Paschi di Siena. Banca also acquired shares from the foundation directly. At the year end of 2000, the foundation held 50.47% shares, followed by Banca MPS for 41%, its subsidiary "Monte Paschi Vita" for 7.72% (in 2001 8.26% ) and the rest held by others. In 2007, Banca MPS consolidated its ownership to held by Banca MPS SpA only, for 49.27%.
In 2008, Banca MPS sold all its ownership. The foundation increased its ownership ratio to 68.74%, as well as the introduction of Fondazione di Piacenza e Vigevano (who lost the ownership on Cassa di Risparmio di Piacenza e Vigevano) and Banca Sella Holding, for 15% and 10% respectively. CBA Vita (a subsidiary of Banca Sella Holding) and HDI Assicurazioni both held 3%. In the next year Fondazione di Piacenza e Vigevano increased to 18% ownership, with Banca Sella reduced to 4.597%, as well as HDI reduced to 2.2% and introduction of new investor Compagnia Generale Immobiliare S.r.l. ("CGI" in short) for 3%. The ratio remain almost constant until the takeover of Intesa Sanpaolo on 26 July 2011.
Intesa Sanpaolo era
On 26 July 2011 Intesa Sanpaolo acquired all shares from Banca Sella Holding, CBA Vita and HDI Assicurazioni, as well as part of the shares from Fondazione Monteparma, Fondazione di Piacenza e Vigevano and CGI. The new ownership became Intesa Sanpaolo 60.798%, Fondazione Monte di Parma 20.987%, Fondazione di Piacenza e Vigevano 15.214%, CGI 2.536%.
The bank was the member of Euro Banking Association, however it no longer a member after became a subsidiary.
On 22 December 2014 Intesa Sanpaolo acquired the 20% from the foundations; At the end of 2014 financial year Intesa Sanpaolo was the major shareholder of Banca Monte Parma for 98.62%.
In mid-2015 the bank was absorbed into Intesa Sanpaolo.
The bank was the principal sponsor of Serie A football team Parma F.C.. The bank also owned 20% shares of "Eventi Sportivi S.p.A.", the parent company of Parma FC SpA in 2008 (increased from 10% after recapitalization from €3m to €6m), but diluted back to 5% in 2009, followed by 4.2% in 2011. As of 2014 financial year, the bank still retained the shares.
- "Relazione e bilancio di BANCA MONTE PARMA dell'esercizio 2014" (PDF) (in Italian). Banca Monte Parma. 18 March 2015. Retrieved 31 March 2015.
- "2009 Annual Individual Report" (PDF). Banca Sella Holding. 21 June 2010. Retrieved 14 March 2016.
- "FONDAZIONE MONTEPARMA HA CEDUTO LA TOTALITÀ DELLA RESIDUA QUOTA DI PARTECIPAZIONE IN BANCA MONTE PARMA A INTESA SANPAOLO" (in Italian). Fondazione Monteparma. 22 December 2014. Retrieved 22 March 2015.
- Banca Monte Parma Official website (in Italian)