|Banca Piccolo Credito Valtellinese|
|Società per Azioni|
|Traded as||BIT: CVAL|
|Profit||€118.277 million (2015)|
|Total assets||€26.902 billion (2015)|
|Total equity||€2.183 billion (2015)|
|Capital ratio||13.14% (CET1)|
Footnotes / references|
in a consolidated basis
The bank is named after the area Valtellina. The bank had 363 branches in Northern Italy (as Credito Valtellinese), 40 branches in Marche and Umbria (former Carifano), and 133 branches in Sicily (as Credito Siciliano). Credito Siciliano had three more branches outside the Sicily Island.
Credito Valtellinese is a former co-operative bank based in Sondrio found in 1908, as Banca Piccolo Credito Valtellinese. (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 and Credito del Lazio (former Banca della Ciociaria) joined.
From 2004 to 2013, Creval was the minority shareholders of Banca di Cividale.
In 2016 the bank would be demutualized, as the bank was registered under the category Banca Popolare. A new law, Italian Law N°3/2015 required the bank with more than €8 billion total assets in that category, had to be transformed into a Società per Azioni. The withdrew price for the shareholders was set at €0.4747 per shares. At the same time, a plan to combine 10 shares to 1 new shares was announced.
Credito Valtellinese was a minority shareholder of Global Assistance S.p.A. (40%), a subsidiary of Ri-Fin; Creval and Ri-Fin were the shareholders of Global Assicurazioni (60-40) and Global Broker (51-49). The bank was a minority shareholder of Unione Fiduciaria.
- As of 31 December 2015
No shareholders were above 2% stake, some known shareholders of the bank were:
- "The Group" (in Italian). Credito Valtellinese. Retrieved 10 April 2015.
- "2015 Annual Report" (PDF). Credito Valtellinese. 5 May 2016. Retrieved 29 September 2016.
- "Archived copy" (PDF). Archived from the original (PDF) on 2015-04-16. Retrieved 2015-04-10.
- "Storia" [The Story] (in Italian). Credito Valtellinese. Archived from the original on 15 May 2006. Retrieved 29 September 2016.
- "About Creval". Credito Valtellinese. Retrieved 17 February 2016.
- "The Board of Directors of Credito Valtellinese S.c. sets the date for the extraordinary shareholders' meeting regarding its transformation into a joint stock company..." (PDF). Credito Valtellinese. 20 September 2016. Retrieved 29 September 2016.
- "2015 Bilancio" (PDF) (in Italian). Fondazione Cassa di Risparmio di Fano. 27 April 2016. Retrieved 29 September 2016.