UniCredit Banca Mediocredito — BrandWiki

UniCredit Banca Mediocredito

Overview

native name	UniCredit Banca Mediocredito S.p.A.
native name lang	it
former name	Mediocredito Piemontese Banca Mediocredito
type	subsidiary of a listed company
industry	Financial services
defunct	December 31, 2005
successor	UniCredit Banca d'Impresa UniCredit Infrastrutture UniCredit Real Estate 2S Banca
hq location city	Turin
hq location country	Italy
services	Commercial banking
owner	UniCredit (95.96%)
parent	UniCredit
net income	€31 million
net income year	2004
assets	€5.132 billion
assets year	2004
equity	€406.992 million
equity year	2004
footnotes	2004 data

UniCredit Banca Mediocredito S.p.A. (UBMC) was an Italian commercial bank. The bank was dismantled on 31 December 2015, but the bank license was retained, which became 2S Banca, a company that specialized in securities service activities. On 4 October 2006 2S Banca was sold to Société Générale Security Services, a subsidiary of Société Générale for €579.3 million.[1]

History

Mediocredito Piemontese was found as a statutory corporation. Due to Legge Amato, the bank became a limited company in 1992.[2] At that time the bank was already a subsidiary of Cassa di Risparmio di Torino (Banca CRT),[3] which Banca Popolare di Novara (BPN) also owned a reported 32.85% capital of the bank in 1990.[4]