Banca Cattolica di Molfetta
Cooperative Bank in Italy
From Wikipedia, the free encyclopedia
Banca Cattolica S.p.A. was an Italian cooperative bank based in Molfetta, Apulia region, southern Italy. The former parent company of the bank (until 1998), Cattolica Popolare survived as a cooperative society.
- subsidiary of a listed company
- incorporated as a S.p.A.
- Banca Cattolica Popolare
- (now "Cattolica Popolare")
Native name | Banca Cattolica S.p.A. |
|---|---|
| Type |
|
| Industry | Financial services |
| Predecessor |
|
| Founded |
|
| Defunct | 2001 |
| Fate | absorbed by the parent company |
| Successor |
|
| Headquarters | Molfetta , Italy |
| IT₤11.389 billion (2000) | |
| Total equity | IT₤115.113 billion (2000) |
| Owner | Banca Antonveneta (86.836%) |
| Parent | Banca Antonveneta |
History
Banca Cattolica Popolare was founded in 1902. In 1994 Banca Cattolica Popolare Società cooperativa a responsabilità limitata spin off its banking activities to form a subsidiary Banca Cattolica S.p.A., which Credito Italiano acquired 35% shares.[1][2][3] The bank (S.p.A.) was later acquired by Banca Antoniana Popolare Veneta (Antonveneta) in 1998, for 80%.[1] As at 31 December 2000, Antonveneta owned 86.836% of the bank's share capital; the bank had a shareholders' equity of 115.113 billion lire (about €59 million) at that time.[4] In 2001, Banca Cattolica was absorbed into Antonveneta.[5]
