Banca Italease S.p.A. was an Italian finance leasing company, based in Milan. The company formed two subsidiaries Alba Leasing (a company that serves SMEs) and a "bad bank" (Release S.p.A.) in 2009. The shares of Alba Leasing were distributed to the former shareholders of Banca Italease, with Banca Italease and Release S.p.A. becoming the subsidiary of Banco Popolare instead. Banca Italease was absorbed into Banco Popolare in 2015 as its leasing division.
History
The company was known as Banca Centrale per il Leasing delle Banche Popolari S.p.A., which was a joint venture of the People's Banks of Italy.
In 1996 the company absorbed Istituto Triveneto del Leasing.[2]
As at 31 December 2000 the owner were Banca Popolare di Novara (25.52%), Banca Popolare di Bergamo – Credito Varesino (15.37153%), Banca Popolare di Verona – Banco S. Geminiano e S. Prospero (11.314%), Banca Monte dei Paschi di Siena (BMPS) (6.011%),[3]