Banca Monte Parma

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Banca Monte Parma
Subsidiary (Società per Azioni)
Industry Financial services
Founded 27 January 1488
Headquarters Parma, Italy
Key people
Flavio Venturini (president)[1]
Products Retail and investment banking, insurance, investment management
Revenue Increase €84.775 million (2014)[1]
Increase €30.939 million (2014)[1]
Profit Increase (€9.762 million) (2014)[1]
Total assets Decrease €2.171 billion (2014)[1]
Total equity Decrease €178 million (2014)[1]
Owner Fondazione Monteparma (1991–2011, majority; 2011–2014, minority)
Intesa Sanpaolo (2011–)
Parent Intesa Sanpaolo (98.62%)
Website monteparma.it

Banca Monte Parma is an Italian regional bank, active in the provinces of Parma, Piacenza and Reggio-Emilia.

History[edit]

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.

Operations[edit]

In 1991, in order to comply with new Italian banking regulations, the company became a joint-stock company and a subsidiary of Fondazione Monte di Parma (Fondazione Monteparma).[2]

Cariplo as minority shareholder[edit]

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.[3]

Foundation & Banca MPS joint venture[edit]

In August 1999 Banca Intesa sold all shares it held to Banca Monte dei Paschi di Siena.[4] 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 "Comp. di Assicur. Monte Paschi Vita" for 7.72% (in 2001 8.26% ) and the rest held by others.[5][6] In 2007, Banca MPS consolidated its ownership to held by Banca MPS SpA only, for 49.27%.[7]

Independent again[edit]

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)[8] and Banca Sella Holding, for 15% and 10% respectively.[9] CBA Vita and HDI Assicurazioni both held 3%.[10] 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 Srl ("CGI" in short) for 3%.[11] The ratio remain almost constant until the takeover of Intesa Sanpaolo on 26 July 2011.

Intesa Sanpaolo era[edit]

On 26 July 2011 Intesa Sanpaolo acquired all shares from Banca Sella, 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%.[12]

In 2012 Intesa Sanpaolo further increased to 78.617% from recapitalization, as well as the foundations both reduced to 10% each and CGI 1.254%.[13]

The bank was the member of Euro Banking Association,[14] however it no longer a member after became a subsidiary.[15]

At the end of 2014 financial year Intesa Sanpaolo was the major shareholder of Banca Monte Parma for 98.62%.[16] On 22 December 2014 Intesa Sanpaolo acquired the 20% from the foundations.[17]

Sponsorship[edit]

The bank was the principal sponsor of Serie A football team Parma F.C..[citation needed] The bank also owned 20% shares of "Eventi Sportivi S.p.A.", the parent company of Parma FC SpA in 2008 (increased from 10%[18] after recapitalization from €3m to €6m),[19] but diluted back to 5% in 2009,[20] followed by 4.2% in 2011.[21] As of 2014 financial year, the bank still retained the shares.[1]

References[edit]

  1. ^ a b c d e f g "Relazione e bilancio di BANCA MONTE PARMA dell’esercizio 2014" (PDF) (in Italian). Banca Monte Parma. 18 March 2015. Retrieved 31 March 2015. 
  2. ^ http://www.fondazionemonteparma.it/sitofondazione/fondazione/indexf-bilancio.htm?d=20140512
  3. ^ http://www.group.intesasanpaolo.com/scriptIsir0/si09/contentData/view/Graficop.pdf?id=CNT-04-0000000026FA3&ct=application/pdf
  4. ^ http://www.group.intesasanpaolo.com/scriptIsir0/si09/contentData/view/99consRelazGestione.pdf?id=CNT-04-00000000270EC&ct=application/pdf
  5. ^ http://www.fondazionemonteparma.it/sitofondazione/fondazione/Bilancio2000.pdf
  6. ^ http://www.fondazionemonteparma.it/sitofondazione/fondazione/bilancio2001.pdf
  7. ^ http://www.fondazionemonteparma.it/sitofondazione/fondazione/bilancio2007.pdf
  8. ^ http://www.lafondazione.com/istituzione/bilancio/Bilancio_2008_completo.zip
  9. ^ http://www.fondazionemonteparma.it/sitofondazione/fondazione/bilancio2008.pdf
  10. ^ http://www.fondazionemonteparma.it/sitofondazione/fondazione/bilancio2008.pdf
  11. ^ http://www.fondazionemonteparma.it/sitofondazione/fondazione/bilancio2009.pdf
  12. ^ http://www.monteparma.it/contentData/view/2011_06_30_monteparma_semestrale.pdf?id=CNT-05-000000012E02E&ct=application/pdf
  13. ^ http://www.monteparma.it/contentData/view/2012_12_31_monteparma_bilancio_2012.pdf?id=CNT-05-000000012E030&ct=application/pdf
  14. ^ https://www.abe-eba.eu/Repository.aspx?ID=d8b6f0b6-4bf2-4374-b10b-e68e6b8ee222
  15. ^ https://www.abe-eba.eu/Membership-N=EA_Membership-L=EN.aspx
  16. ^ http://www.group.intesasanpaolo.com/scriptIsir0/si09/contentData/view/20150318_Bilanci%202014_Deposito_Consolidato.pdf?id=CNT-05-0000000259B2D&ct=application/pdf
  17. ^ "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. 
  18. ^ http://www.monteparma.it/contentData/view/2007_12_31_monteparma_bilancio4.pdf?id=CNT-05-000000012E01C&ct=application/pdf
  19. ^ http://www.monteparma.it/contentData/view/2008_12_31_monteparma_bilancio2.pdf?id=CNT-05-000000012E01F&ct=application/pdf
  20. ^ http://www.monteparma.it/contentData/view/2009_12_31_monteparma_bilancio3.pdf?id=CNT-05-000000012E023&ct=application/pdf
  21. ^ http://www.monteparma.it/contentData/view/2012_05_07_BMP_Bilancio_2011.pdf?id=CNT-05-000000012E02F&ct=application/pdf

External links[edit]