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Banca Monte Parma

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Banca Monte Parma
Company typeSubsidiary (Società per Azioni)
IndustryFinancial services
Founded27 January 1488
HeadquartersParma, Italy
Key people
Flavio Venturini (president)[1]
ProductsRetail and investment banking, insurance, investment management
RevenueIncrease €84.775 million (2014)[1]
Increase €30.939 million (2014)[1]
Increase (€9.762 million) (2014)[1]
Total assetsDecrease €2.171 billion (2014)[1]
Total equityDecrease €178 million (2014)[1]
OwnerFondazione Monteparma (1991–2011, majority; 2011–2014, minority)
Intesa Sanpaolo (2011–)
ParentIntesa Sanpaolo (98.62%)
Websitemonteparma.it

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

History

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

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

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

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

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%.[9] 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%.[10] 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, 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%.[11]

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%.[12]

The bank was the member of Euro Banking Association,[13] however it no longer a member after became a subsidiary.[14]

At the end of 2014 financial year Intesa Sanpaolo was the major shareholder of Banca Monte Parma for 98.62%.[15] On 22 December 2014 Intesa Sanpaolo acquired the 20% from the foundations.[16]

Sponsorship

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%[17] after recapitalization from €3m to €6m),[18] but diluted back to 5% in 2009,[19] followed by 4.2% in 2011.[20] As of 2014 financial year, the bank still retained the shares.[1]

References

  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. ^ a b http://www.fondazionemonteparma.it/sitofondazione/fondazione/bilancio2008.pdf
  10. ^ http://www.fondazionemonteparma.it/sitofondazione/fondazione/bilancio2009.pdf
  11. ^ http://www.monteparma.it/contentData/view/2011_06_30_monteparma_semestrale.pdf?id=CNT-05-000000012E02E&ct=application/pdf
  12. ^ http://www.monteparma.it/contentData/view/2012_12_31_monteparma_bilancio_2012.pdf?id=CNT-05-000000012E030&ct=application/pdf
  13. ^ https://www.abe-eba.eu/Repository.aspx?ID=d8b6f0b6-4bf2-4374-b10b-e68e6b8ee222
  14. ^ https://www.abe-eba.eu/Membership-N=EA_Membership-L=EN.aspx
  15. ^ http://www.group.intesasanpaolo.com/scriptIsir0/si09/contentData/view/20150318_Bilanci%202014_Deposito_Consolidato.pdf?id=CNT-05-0000000259B2D&ct=application/pdf
  16. ^ "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.
  17. ^ http://www.monteparma.it/contentData/view/2007_12_31_monteparma_bilancio4.pdf?id=CNT-05-000000012E01C&ct=application/pdf
  18. ^ http://www.monteparma.it/contentData/view/2008_12_31_monteparma_bilancio2.pdf?id=CNT-05-000000012E01F&ct=application/pdf
  19. ^ http://www.monteparma.it/contentData/view/2009_12_31_monteparma_bilancio3.pdf?id=CNT-05-000000012E023&ct=application/pdf
  20. ^ http://www.monteparma.it/contentData/view/2012_05_07_BMP_Bilancio_2011.pdf?id=CNT-05-000000012E02F&ct=application/pdf
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