|(€44.587 million) (2015)|
|Total assets||€4.098 billion (2015)|
|Total equity||€1.059 billion (2015)|
Footnotes / references|
in consolidated basis
GE Capital Interbanca S.p.A. is an Italian merchant bank that specializes in lending and financing transactions for medium-sized firms. Its headquarters are in Milan and it has 10 branches in major cities throughout Italy. The bank was purchased from Santander Group in March 2008 by GE Commercial Finance.
In 2016 the bank was sold to Banca IFIS.
In 2006, ABN AMRO acquired Antonveneta, only to be itself acquired by a consortium consisting of The Royal Bank of Scotland Group, Fortis, and Santander. Banco Santander took control of Antonveneta in October 2007 and sold it on to Banca Monte dei Paschi di Siena in November at a 36% premium over the valuation for the acquisition. Although Banco Santander had sold Antonveneta, it retained Interbanka for the time being.
In March 2008, Santander sold Interbanca to GE Commercial Finance, receiving in return GE Money businesses in Germany, Finland and Austria, and GE's Card and Auto Financing Businesses in the UK.
In 2016 Banca IFIS acquired Interbanca for €160 million, with an obligation to repay the inter-company debt to GE.
- " CONSOLIDATED ANNUAL REPORT OF THE GE CAPITAL INTERBANCA BANKING GROUP" (PDF). GE Capital Interbanca. 4 May 2016. Retrieved 21 July 2016.
- Barbaglia, Pamela (28 May 2015). "General Electric hires Deutsche Bank to sell Italian lender Interbanca - sources". Reuters. Retrieved 26 December 2015.
- "Banca IFIS and GE Capital, agreement reached for the acquisition of GE Capital Interbanca". Banca IFIS. 28 July 2016. Retrieved 9 August 2016.