Banca Monte Parma

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Banca Monte Parma
Type Società per azioni
Industry Financial services
Founded 27 January 1488
Headquarters Parma, Italy
Key people Carlo Salvatori (president)
Products Retail and investment banking, insurance, investment management
Website monteparma.it

Banca Monte di Parma is an Italian 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 which still owns 68.74% of the company's shares. Fondazione di Piacenza e Vigevano has a 15% holding and Banca Sella Holding has 10%.

Sponsorship[edit]

The bank is currently the principal sponsor of Serie A football team Parma F.C..

External links[edit]