Banco Ambrosiano Veneto

Banco Ambrosiano Veneto, also known as Banco Ambroveneto for short, was an Italian bank formed in 1989 by the merger of Nuovo Banco Ambrosiano (the bank replacing the collapsed Banco Ambrosiano) with Banca Cattolica del Veneto.

Banco Ambrosiano Veneto
TypeDefunct
IndustryBanking
PredecessorNuovo Banco Ambrosiano, Banca Cattolica del Veneto
Founded1989
Defunct1998
FateMerged with Cassa di Risparmio delle Provincie Lombarde (Cariplo) to form Banca Intesa in 1998
SuccessorBanca Intesa
HeadquartersItaly
ProductsFinancial services
ParentCrédit Agricole (minority shareholder)

Since 1989, Crédit Agricole also held a portion of shares of Banco Ambrosiano Veneto.[1]

From 1991 until the merger in 1998, BAV acquired Banca Vallone di Galatin, Citibank Italia (later named Banco Ambroveneto Sud), Società di Banche Siciliane, Banca Massicana di Sessa Aurunca, Banca di Trento e Bolzano and Caboto.[2]

The newly formed bank continued operation until 1998, when it agreed with the Cassa di Risparmio delle Provincie Lombarde (Cariplo) to form the Banca Intesa.

60 branches under the brand of Banco Ambroveneto, located in Friuli-Venezia Giulia, were transferred to FriulAdria as an intragroup transaction in 2000.

References
  1. Crédit Agricole. "History". credit-agricole.com. Archived from the original on 2015-04-02. Retrieved 2015-03-22.
  2. "Banco Ambrosiano Veneto - Intesa Sanpaolo Bank". intesasanpaolo.com.

Sources


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