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| Formerly |
|
|---|---|
| Company type | Subsidiary |
| Industry | Financial services |
| Founded | 1953; 73 years ago (1953) |
| Founder | Cassa di Risparmio delle Provincie Lombarde |
| Headquarters | 18 via Montebello,, Italy |
Area served | Italy |
Key people | |
| Services | Financial leasing, factoring and medium-term loan |
 (€80,538,191.45) (2014[1]) | |
| Total assets |  €47.986 billion (2014[1]) |
| Total equity | €2.221 billion (2014[1]) |
| Owner | Intesa Sanpaolo (100%) |
| Parent | Intesa Sanpaolo |
| Capital ratio | 9.2% (CET1) |
| Website | www.mediocreditoitaliano.com |
MedioCredito Italiano S.p.A. (MCI) is an Italiancommercial bank based inMilan,Lombardy.[2]
Istituto di credito per il finanziamento a medio termine alle piccole e medie industria della Lombardia, orMedioCredito Lombardo in short, was found in 1953 withCassa di Risparmio delle Provincie Lombarde (Cariplo) as the major funder. It was part of theMedioCredito initiative. In January 1992 the bank had changed fromstatutory corporation (Italian:ente di diritto pubblico) to limited company (Italian:società per azioni).[3] As at 31 December 1996, Cariplo Group was the major shareholders of Mediocredito Lombardo (79.37%). The rest was owned by banks in Italy, such asBanca Apulia (0.013%).[4]
Cariplo Group also owned 42.07% shares ofMedioCredito Abruzzese e Molisano and 42.32% shares ofMedioCredito del Sud, which were absorbed into MedioCredito Lombardo in 1997 and 1999, respectively. In 1998Banca Intesa also became the ultimate parent company of MedioCredito Lombardo.
In 1999–2000 Mediocredito Lombardo acquired the controlling interests ofCredito Industriale Sardo from theMinistry of the Treasury [it] (53.23%). In 2000, the bank was renamed toBanca Intesa MedioCredito, which becameBanca IntesaBCI MedioCredito in 2001 to align with the name change of the bank group. In 2003 the bank reverted to useBanca Intesa MedioCredito as legal name, orIntesa MedioCredito in short.
In 2007 the parent company merged withSanpaolo IMI to formIntesa Sanpaolo Group. In 2008 the bank was renamed toMedioCredito Italiano.
In 2014, Leasint,Centro Leasing, leasing division ofNeos Finance,Mediofactoring,Centro Factoring andAgriventure were merged into MedioCredito Italiano.[5]
